MDJM Ltd.
UOKAF Consumer Cyclical Lodging
MDJM Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $89,700.00, up 85.3% from fiscal 2024.
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MDJM Ltd. (UOKAF) Beneish M-score
MDJM Ltd.'s Beneish M-score for fiscal 2025 is 14.08; 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 | 14.08 | 23.85 |
| FY2024 | −9.77 | (5.59) |
| FY2023 | −4.18 | (6.40) |
| FY2022 | 2.21 | 6.43 |
| FY2021 | −4.22 | (2.41) |
| FY2020 | −1.81 | (1.54) |
| FY2019 | −0.27 | 1.73 |
| FY2018 | −2.00 | 0.01 |
| FY2017 | −2.01 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 15.97 | — | 14.69 | |
| Gross margin index | 1.00 | — | 0.53 | |
| Asset quality index | 2.39 | — | 0.97 | |
| Sales growth index | 1.85 | — | 1.65 | |
| Depreciation index | 1.11 | — | 0.13 | |
| SG&A index | 0.11 | — | −0.02 | |
| Total accruals to total assets | 0.23 | — | 1.06 | |
| Leverage index | 0.26 | — | −0.09 | |
| Beneish M-score | Flagged by the model | 14.08 | ||
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 |
|---|---|
| CVEO Civeo Corporation compare | −3.2× |
| HTHT H World Group Limited Sponsored ADR compare | −2.8× |
| GHG GreenTree Hospitality Group Ltd. Sponsored ADR compare | −2.6× |
| WH Wyndham Hotels & Resorts compare | −2.6× |
| SONDQ Sonder Holdings Inc. compare | −2.4× |
| ATAT Atour Lifestyle Holdings Limited Sponsored ADR compare | −2.3× |
| CHH Choice Hotels International, Inc. compare | −2.1× |
| UOKAF MDJM Ltd. | 14.1× |
| INTG The Intergroup Corporation 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