Powell Max Limited Stock Beneish M Score

PMAX Stock   2.55  0.34  11.76%   
This module uses fundamental data of Powell Max to approximate the value of its Beneish M Score. Powell Max M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Check out Powell Max Piotroski F Score and Powell Max Altman Z Score analysis.
  
Net Debt is likely to rise to about 2.1 M in 2024, whereas Short and Long Term Debt is likely to drop slightly above 4.1 M in 2024.
At this time, it appears that Powell Max Limited is an unlikely manipulator. The earnings manipulation may begin if Powell Max's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Powell Max executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Powell Max's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.08
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

0.89

Focus
Asset Quality

N/A

Focus
Expense Coverage

0.83

Focus
Gross Margin Strengs

N/A

Focus
Accruals Factor

0.83

Focus
Depreciation Resistance

N/A

Focus
Net Sales Growth

0.97

Focus
Financial Leverage Condition

0.82

Focus

Powell Max Beneish M-Score Indicator Trends

The cure to earnings manipulation is the transparency of financial reporting. It will typically remove the temptation of the top executives to inflate earnings (i.e., to promote the idea of 'winning at any cost'). Because a healthy internal audit department can enhance transparency, the board should promote the auditors' access to all the record-keeping systems across the enterprise. For example, if Powell Max's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back.
Current ValueLast YearChange From Last Year 10 Year Trend
Net Receivables9.4 M10.9 M
Fairly Down
Slightly volatile
Total Revenue47.8 M49.1 M
Fairly Down
Slightly volatile
Total Assets23.6 M23 M
Fairly Up
Slightly volatile
Total Current Assets14.5 M17.2 M
Fairly Down
Slightly volatile
Non Current Assets Total6.5 M5.8 M
Moderately Up
Slightly volatile
Selling General Administrative8.4 M10.3 M
Significantly Down
Slightly volatile
Total Current Liabilities29.8 M37 M
Significantly Down
Slightly volatile
Non Current Liabilities Total2.4 M1.3 M
Way Up
Slightly volatile
Net Debt2.1 M1.1 M
Way Up
Slightly volatile
Operating Income4.2 M7.7 M
Way Down
Slightly volatile
Total Cash From Operating Activities6.9 M7.1 M
Fairly Down
Slightly volatile

Powell Max Limited Beneish M-Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to detect the potential manipulation of earnings. Understanding the correlation between Powell Max's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Powell Max in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Powell Max's degree of accounting gimmicks and manipulations.

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About Powell Max Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Powell Max Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Powell Max using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Powell Max Limited based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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When running Powell Max's price analysis, check to measure Powell Max's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Powell Max is operating at the current time. Most of Powell Max's value examination focuses on studying past and present price action to predict the probability of Powell Max's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Powell Max's price. Additionally, you may evaluate how the addition of Powell Max to your portfolios can decrease your overall portfolio volatility.