Taitron Components Incorporated
TAIT Technology Electronics & Computer Distribution
Taitron Components Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $3.6 million, down 12.2% from fiscal 2024. In the quarter to June 2026, revenue fell 61.9%, EPS grew 300.0% and free cash flow fell 192.6%, each against the same quarter a year earlier.
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Taitron Components Incorporated (TAIT) Beneish M-score
Taitron Components Incorporated's Beneish M-score for fiscal 2025 is −2.83; 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 | −2.83 | (5.57) |
| FY2024 | 2.74 | 6.74 |
| FY2023 | −4.00 | (6.15) |
| FY2022 | 2.15 | 4.62 |
| FY2021 | −2.46 | 0.76 |
| FY2020 | −3.22 | (0.75) |
| FY2019 | −2.47 | 0.51 |
| FY2018 | −2.98 | (2.62) |
| FY2017 | −0.36 | 3.10 |
| FY2015 | −3.46 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 1.61 | — | 1.48 | |
| Gross margin index | 0.84 | — | 0.45 | |
| Asset quality index | 0.95 | — | 0.38 | |
| Sales growth index | 0.88 | — | 0.78 | |
| Depreciation index | 0.82 | — | 0.09 | |
| SG&A index | 1.91 | — | −0.33 | |
| Total accruals to total assets | (0.07) | — | −0.35 | |
| Leverage index | 1.51 | — | −0.49 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −2.83 | ||
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 |
|---|---|
| TAIT Taitron Components Incorporated | −2.8× |
| IZM ICZOOM Group Inc. compare | −2.6× |
| CNXN PC Connection, Inc. compare | −2.4× |
| SCSC ScanSource, Inc. compare | −2.4× |
| NSIT Insight Enterprises, Inc. compare | −2.4× |
| CLMB Climb Global Solutions, Inc. compare | −2.3× |
| ARW Arrow Electronics, Inc. compare | −2.0× |
| AVT Avnet, Inc. compare | −1.9× |
| AEYGQ ADDvantage Technologies Group, 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