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PMAX (Powell Max) ROE % : Negative Equity% (As of Dec. 2023)


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What is Powell Max ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Powell Max's annualized net income for the quarter that ended in Dec. 2023 was $0.91 Mil. Powell Max's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $-2.42 Mil. Therefore, Powell Max's annualized ROE % for the quarter that ended in Dec. 2023 was Negative Equity%.

The historical rank and industry rank for Powell Max's ROE % or its related term are showing as below:

PMAX' s ROE % Range Over the Past 10 Years
Min: Negative Equity   Med: Negative Equity   Max: Negative Equity
Current: Negative Equity

During the past 2 years, Powell Max's highest ROE % was Negative Equity%. The lowest was Negative Equity%. And the median was Negative Equity%.

PMAX's ROE % is ranked better than
99.9% of 1028 companies
in the Business Services industry
Industry Median: 8.395 vs PMAX: Negative Equity

Powell Max ROE % Historical Data

The historical data trend for Powell Max's ROE % 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.

* Premium members only.

Powell Max ROE % Chart

Powell Max Annual Data
Trend Dec22 Dec23
ROE %
- Negative Equity

Powell Max Semi-Annual Data
Dec22 Dec23
ROE % - Negative Equity

Competitive Comparison of Powell Max's ROE %

For the Specialty Business Services subindustry, Powell Max's ROE %, along with its competitors' market caps and ROE % 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 ROE % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Powell Max's ROE % distribution charts can be found below:

* The bar in red indicates where Powell Max's ROE % falls into.



Powell Max ROE % Calculation

Powell Max's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=0.906/( (-2.87+-1.961)/ 2 )
=0.906/-2.4155
=Negative Equity %

Powell Max's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Dec. 2022 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=0.906/( (-2.87+-1.961)/ 2 )
=0.906/-2.4155
=Negative Equity %

* 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 the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is one times the annual (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.

* Note that if the average Total Stockholders Equity is zero or negative, then ROE % would be considered meaningless and hence not be calculated.


Powell Max  (NAS:PMAX) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=0.906/-2.4155
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(0.906 / 6.29)*(6.29 / 2.7455)*(2.7455 / -2.4155)
=Net Margin %*Asset Turnover*Equity Multiplier
=14.4 %*2.291*N/A
=ROA %*Equity Multiplier
=32.99 %*N/A
=Negative Equity %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=0.906/-2.4155
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (0.906 / 0.906) * (0.906 / 0.98) * (0.98 / 6.29) * (6.29 / 2.7455) * (2.7455 / -2.4155)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 0.9245 * 15.58 % * 2.291 * N/A
=Negative Equity %

Note: The net income data used here is one times the annual (Dec. 2023) net income data. The Revenue data used here is one times the annual (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Powell Max ROE % Related Terms

Thank you for viewing the detailed overview of Powell Max's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Powell Max Business Description

Comparable Companies
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. Key revenue is derived from Hong Kong.