MOGU Inc. Sponsored ADR
MOGU Consumer Cyclical Internet Retail
MOGU Inc. Sponsored ADR’s revenue for fiscal 2026 (year ended March 2026) was $18.2 million, down 6.57% from fiscal 2025. Insiders bought in the last twelve months.
Follow MOGU
MOGU Inc. Sponsored ADR (MOGU) Beneish M-score
MOGU Inc. Sponsored ADR's Beneish M-score for fiscal 2026 is −1.35; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
Embed this chart
Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2026 | −1.35 | (24.81) |
| FY2025 | 23.45 | 26.11 |
| FY2024 | −2.66 | (0.77) |
| FY2023 | −1.88 | 3.84 |
| FY2022 | −5.73 | (171.82) |
| FY2021 | 166.09 | 173.58 |
| FY2020 | −7.49 | (4.41) |
| FY2019 | −3.08 | 0.99 |
| FY2018 | −4.07 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 1.11 | — | 1.02 | |
| Gross margin index | 1.40 | — | 0.74 | |
| Asset quality index | 2.39 | — | 0.97 | |
| Sales growth index | 0.93 | — | 0.83 | |
| Depreciation index | 1.10 | — | 0.13 | |
| SG&A index | 0.85 | — | −0.15 | |
| Total accruals to total assets | 0.06 | — | 0.29 | |
| Leverage index | 1.03 | — | −0.34 | |
| Beneish M-score | Flagged by the model | −1.35 | ||
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 |
|---|---|
| PIKM Kidpik Corp. compare | −9.0× |
| JWEL Jowell Global Ltd. compare | −4.8× |
| WBUY WeBuy Global Ltd. compare | −4.7× |
| SBDS Solo Brands, Inc. compare | −4.2× |
| YJ Yunji Inc. Sponsored ADR compare | −3.8× |
| UZX Linkage Global Inc. compare | −3.3× |
| LITB LightInTheBox Holding Co., Ltd. compare | −2.0× |
| MOGU MOGU Inc. Sponsored ADR | −1.4× |
| NHTC Natural Health Trends Corp. compare | — |
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