Jayud Global Logistics Limited
JYD Industrials Integrated Freight & Logistics
Jayud Global Logistics Limited’s revenue for fiscal 2025 (year ended December 2025) was $85.5 million, up 8.69% from fiscal 2024.
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Jayud Global Logistics Limited (JYD) Beneish M-score
Jayud Global Logistics Limited's Beneish M-score for fiscal 2025 is −3.11; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
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Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2025 | −3.11 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 1.27 | — | 1.17 | |
| Gross margin index | (0.59) | — | −0.31 | |
| Asset quality index | 1.01 | — | 0.41 | |
| Sales growth index | 1.09 | — | 0.97 | |
| Depreciation index | 1.28 | — | 0.15 | |
| SG&A index | 1.62 | — | −0.28 | |
| Total accruals to total assets | (0.01) | — | −0.04 | |
| Leverage index | 1.03 | — | −0.34 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −3.11 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| BTOC Armlogi Holding Corp. compare | −7.7× |
| CJMB Callan JMB Inc. compare | −5.5× |
| QNME Quanome Technologies, Inc. compare | −4.8× |
| ATXG Addentax Group Corp. compare | −3.2× |
| JYD Jayud Global Logistics Limited | −3.1× |
| SLGB Smart Logistics Global Limited compare | −2.9× |
| GVH Globavend Holdings Limited compare | −2.1× |
| ELOG Eastern International Ltd. compare | −2.0× |
| CTNT Cheetah Net Supply Chain Service Inc. compare | −1.9× |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI