Trident Digital Tech Holdings Ltd
TDTH Technology Information Technology Services
Trident Digital Tech Holdings Ltd’s revenue for fiscal 2025 (year ended December 2025) was $160,900.00, down 65.4% from fiscal 2024.
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Trident Digital Tech Holdings Ltd (TDTH) Beneish M-score
Trident Digital Tech Holdings Ltd's Beneish M-score for fiscal 2025 cannot be worked out: days’ sales in receivables index cannot be worked out.
Beneish M-score, annual
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Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2024 | 34.40 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | — | — | n/a | — |
| Gross margin index | 0.01 | — | 0.00 | |
| Asset quality index | 2.01 | — | 0.81 | |
| Sales growth index | 0.35 | — | 0.31 | |
| Depreciation index | 1.04 | — | 0.12 | |
| SG&A index | 7.21 | — | −1.24 | |
| Total accruals to total assets | (2.44) | — | −11.42 | |
| Leverage index | 2.21 | — | −0.72 | |
| Beneish M-score | n/a — days’ sales in receivables index cannot be worked out | — | ||
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 |
|---|---|
| AIOS AIOS Tech Inc. compare | −186× |
| ZONE Zone Frontier Inc. compare | −16.5× |
| TTEC TeleTech Holdings, Inc. compare | −3.6× |
| CLPS CLPS Incorporation compare | −3.1× |
| WYY WidePoint Corporation compare | −3.0× |
| CSPI CSP Inc. compare | −2.4× |
| CTM Castellum, Inc. compare | −1.8× |
| SAIH SAIHEAT Limited compare | — |
| TDTH Trident Digital Tech Holdings Ltd | — |
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