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PMAX (Powell Max) Net-Net Working Capital : $0.06 (As of Dec. 2024)


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What is Powell Max Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Powell Max's Net-Net Working Capital for the quarter that ended in Dec. 2024 was $0.06.

The industry rank for Powell Max's Net-Net Working Capital or its related term are showing as below:

PMAX's Price-to-Net-Net-Working-Capital is ranked worse than
54.27% of 422 companies
in the Business Services industry
Industry Median: 5.745 vs PMAX: 6.37

Powell Max Net-Net Working Capital Historical Data

The historical data trend for Powell Max's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Powell Max Net-Net Working Capital Chart

Powell Max Annual Data
Trend Dec22 Dec23 Dec24
Net-Net Working Capital
-0.31 -0.23 0.06

Powell Max Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24
Net-Net Working Capital -0.31 - -0.23 -0.26 0.06

Competitive Comparison of Powell Max's Net-Net Working Capital

For the Specialty Business Services subindustry, Powell Max's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Powell Max's Price-to-Net-Net-Working-Capital Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Powell Max's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Powell Max's Price-to-Net-Net-Working-Capital falls into.


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Powell Max Net-Net Working Capital Calculation

Powell Max's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2024 is calculated as

Net-Net Working Capital(A: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(5.432+0.75 * 1.005+0.5 * 0-5.314
-0-0)/14.688
=0.06

Powell Max's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2024 is calculated as

Net-Net Working Capital(Q: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(5.432+0.75 * 1.005+0.5 * 0-5.314
-0-0)/14.688
=0.06

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


Powell Max  (NAS:PMAX) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Powell Max Net-Net Working Capital Related Terms

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Powell Max Business Description

Traded in Other Exchanges
N/A
Address
13-14 Connaught Road Central, 22th floor, Euro Trade Centre, Hong Kong, HKG
Powell Max Ltd is an financial communications services provider. Its financial communications services cover a full range of financial printing, corporate reporting, communications and language support services from inception to completion, including typesetting, proofreading, translation, design, printing, electronic reporting, newspaper placement and distribution. It operates in a single business segment which is the provision of corporate financial communications and financial printing services. All operations are carried in Hong Kong.