Powell Max Limited Class A (PMAX) Key Metrics
PMAX key metrics, 2024–2025
Fiscal year ended December 31, 2025 · Hong Kong dollarsPMAX returns How much profit the business earns on the capital it uses.
PMAX financial health Debt, liquidity and how easily interest is covered.
PMAX efficiency & capital use Working capital cycle and where the cash goes.
PMAX returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PMAX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PMAX key metrics in Hong Kong dollars
2024–2025| 2025 | 2024 | |
|---|---|---|
| Returns & profitability | ||
| Return on equity (ROE) | −101.8% | −84.6% |
| Return on invested capital (ROIC) | −103.8% | — |
| Return on assets (ROA) | −44.8% | −28.8% |
| Return on tangible assets | −69.1% | −28.8% |
| Free cash flow margin | −18.4% | −35.5% |
| Financial health | ||
| Total debt | HK$4.8M | HK$20.1M |
| Cash & short-term investments | HK$6.9M | HK$42.2M |
| Net debt | −HK$2.0M | −HK$22.1M |
| Debt / equity | 0.19 | 0.94 |
| Debt / assets | 0.11 | 0.32 |
| Current ratio | 1.80 | 1.45 |
| Quick ratio | 1.80 | 1.45 |
| Interest coverage | -20.9 | -8.9 |
| Working capital | HK$12.4M | HK$18.2M |
| Invested capital | HK$22.9M | −HK$857,563 |
| Tangible asset value | HK$16.6M | HK$21.3M |
| Net current asset value | HK$10.5M | HK$17.0M |
| Capital allocation | ||
| Dividends paid | HK$0 | HK$0 |
| Capex / revenue | 0.0% | 4.1% |
| Capex / depreciation | 0.01 | 0.33 |
| Stock-based compensation / revenue | 0.2% | 0.0% |
| SG&A / revenue | 68.9% | 75.4% |
| Efficiency | ||
| Days sales outstanding | 71.3 | 80.5 |
| Days payables outstanding | 113.4 | 99.9 |
| Cash conversion cycle (days) | -42.1 | -19.4 |
| Receivables turnover | 5.12 | 4.53 |
| Payables turnover | 3.22 | 3.65 |
| Asset turnover | 0.91 | 0.58 |
| Average receivables | HK$9.3M | HK$8.0M |
| Average payables | HK$7.5M | HK$7.2M |
| Intangibles / total assets | 19.7% | 0.0% |
Computed from PMAX's annual financial statements (latest annual report filed April 30, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Hong Kong dollars; data from EODHD. Averages use the opening and closing balance of each year.
PMAX valuation and financial ratios
Powell Max earned a return on equity of −101.8% and a return on invested capital of −103.8% in fiscal 2025. It ended the year with HK$4.8 million of debt and HK$6.9 million in cash and short-term investments, a net cash position of HK$2.0 million.
See the PMAX income statement, the PMAX chart for price history, or the PMAX stock overview for the latest quote and news.
PMAX key metrics FAQ
What is Powell Max's return on equity?
Powell Max's return on equity (ROE) was −101.8% in fiscal 2025: net income of -HK$23.5 million on average shareholders' equity of HK$23.1 million.
What is Powell Max's ROIC?
Powell Max's return on invested capital was −103.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Powell Max have?
Powell Max had total debt of HK$4.8 million at the end of fiscal 2025, a debt-to-equity ratio of 0.19 and more cash than debt.
Does Powell Max pay a dividend?
Powell Max did not pay a dividend in fiscal 2025.
What is Powell Max's current ratio?
Powell Max's current ratio was 1.80 at the end of fiscal 2025: current assets were 1.80 times current liabilities.