YSX Tech Co., Ltd
YSXT Industrials Specialty Business Services
YSX Tech Co., Ltd’s revenue for fiscal 2026 (year ended March 2026) was $83.5 million, up 16.8% from fiscal 2025. Revenue growth for three consecutive years.
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YSX Tech Co., Ltd (YSXT) Beneish M-score
YSX Tech Co., Ltd's Beneish M-score for fiscal 2026 is −1.34; 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 | −1.34 | (0.95) |
| FY2025 | −0.39 | 1.00 |
| FY2024 | −1.39 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 1.60 | — | 1.47 | |
| Gross margin index | 1.20 | — | 0.63 | |
| Asset quality index | 1.03 | — | 0.42 | |
| Sales growth index | 1.17 | — | 1.04 | |
| Depreciation index | 0.71 | — | 0.08 | |
| SG&A index | 1.24 | — | −0.21 | |
| Total accruals to total assets | 0.10 | — | 0.47 | |
| Leverage index | 1.22 | — | −0.40 | |
| Beneish M-score | Flagged by the model | −1.34 | ||
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 |
|---|---|
| SST System1, Inc. compare | −3.6× |
| DLHC DLH Holdings Corp. compare | −3.0× |
| TISI Team, Inc. compare | −2.7× |
| ANPA Rich Sparkle Holdings Limited compare | −2.7× |
| WFCF Where Food Comes From Inc. compare | −2.7× |
| PMEC Primech Holdings Ltd. compare | −2.1× |
| YSXT YSX Tech Co., Ltd | −1.3× |
| PC Premium Catering (Holdings) Limited compare | 0.1× |
| NTIP Network-1 Technologies, 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