Singularity Future Technology Ltd.
SGLY Industrials Integrated Freight & Logistics
Singularity Future Technology Ltd.’s revenue for fiscal 2026 (year ended June 2026) was $1.7 million, down 6.61% from fiscal 2025. In the quarter to June 2026, revenue grew 75.9%, EPS grew 369.7% and free cash flow grew 79.8%, each against the same quarter a year earlier.
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Singularity Future Technology Ltd. (SGLY) Beneish M-score
Singularity Future Technology Ltd.'s Beneish M-score for fiscal 2026 is 1.99; 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) |
|---|---|---|
| FY2026 | 1.99 | 7.05 |
| FY2025 | −5.06 | (5.80) |
| FY2023 | 0.74 | (1.59) |
| FY2021 | 2.32 | 18.50 |
| FY2020 | −16.18 | (14.55) |
| FY2019 | −1.64 | (1.97) |
| FY2018 | 0.33 | 1.93 |
| FY2017 | −1.60 | 2.74 |
| FY2016 | −4.34 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 2.51 | — | 2.31 | |
| Gross margin index | 0.89 | — | 0.47 | |
| Asset quality index Asset quality not computable — index set to 1 | 1.00 | — | Set to 1 | 0.40 |
| Sales growth index | 0.93 | — | 0.83 | |
| Depreciation index Depreciation not reported — index set to 1 | 1.00 | — | Set to 1 | 0.12 |
| SG&A index | 0.79 | — | −0.14 | |
| Total accruals to total assets | 0.70 | — | 3.27 | |
| Leverage index | 1.33 | — | −0.44 | |
| Beneish M-score | Flagged by the model | 1.99 | ||
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× |
| ATXG Addentax Group Corp. compare | −3.2× |
| JYD Jayud Global Logistics Limited compare | −3.1× |
| SLGB Smart Logistics Global Limited compare | −2.9× |
| GVH Globavend Holdings Limited compare | −2.1× |
| CTNT Cheetah Net Supply Chain Service Inc. compare | −1.9× |
| HXHX Haoxin Holdings Limited compare | −1.4× |
| SGLY Singularity Future Technology Ltd. | 2.0× |
| CIIT TIANCI INTERNATIONAL, INC. 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