XMax Inc.
XMax Inc., through its subsidiaries, designs, manufactures, markets, and sells residential and commercial furniture for middle and upper middle-income consumers North America and internationally. The company offers upholstered, wood, and metal-based furniture pieces for the living, dining, and bedrooms, as well as home offices. Its products include sofas, chairs, dining tables, beds, entertainmen… Read more
XMax Inc. (XWIN) - Net Assets
Latest net assets as of September 2025: $13.58 Million USD
Based on the latest financial reports, XMax Inc. (XWIN) has net assets worth $13.58 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($18.29 Million) and total liabilities ($4.70 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $13.58 Million |
| % of Total Assets | 74.28% |
| Annual Growth Rate | -47.44% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 259.67 |
XMax Inc. - Net Assets Trend (2020–2024)
This chart illustrates how XMax Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for XMax Inc. (2020–2024)
The table below shows the annual net assets of XMax Inc. from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $3.12 Million | +529.29% |
| 2023-12-31 | $496.35K | -92.49% |
| 2022-12-31 | $6.61 Million | -71.80% |
| 2021-12-31 | $23.44 Million | -42.72% |
| 2020-12-31 | $40.93 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to XMax Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 14327.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $7.30K | 0.23% |
| Other Comprehensive Income | $522.15K | 16.72% |
| Other Components | $52.59 Million | 1683.54% |
| Total Equity | $3.12 Million | 100.00% |
XMax Inc. Competitors by Market Cap
The table below lists competitors of XMax Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Blackrock Innovation & Growth Trust
NYSE:BIGZ
|
$61.78K |
|
QuiaPEG Pharmaceuticals Holding AB
ST:QUIA
|
$61.82K |
|
Point of Care Nano-Technology Inc
PINK:PCNT
|
$61.86K |
|
DALATA HOTEL (DHG.SG)
STU:DHG
|
$61.90K |
|
StageZero Life Sciences Ltd
PINK:SZLSF
|
$61.77K |
|
KARO INVEST a.s.
PR:KARIN
|
$61.76K |
|
Gudeng Equipment Co., LTD.
TWO:6953
|
$61.69K |
|
Regenbogen AG
F:RGB
|
$61.68K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in XMax Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 496,354 to 3,123,514, a change of 2,627,160 (529.3%).
- Net loss of 5,561,705 reduced equity.
- New share issuances of 750,000 increased equity.
- Other comprehensive income increased equity by 721.
- Other factors increased equity by 7,438,144.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.56 Million | -178.06% |
| Share Issuances | $750.00K | +24.01% |
| Other Comprehensive Income | $721.00 | +0.02% |
| Other Changes | $7.44 Million | +238.13% |
| Total Change | $- | 529.29% |
Book Value vs Market Value Analysis
This analysis compares XMax Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.46x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.17x to 7.46x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $35.65 | $6.19 | x |
| 2021-12-31 | $19.23 | $6.19 | x |
| 2022-12-31 | $4.77 | $6.19 | x |
| 2023-12-31 | $0.32 | $6.19 | x |
| 2024-12-31 | $0.83 | $6.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently XMax Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -178.06%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -57.41%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 3.18x
- Recent ROE (-178.06%) is above the historical average (-428.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -63.72% | -229.76% | 0.24x | 1.14x | $-30.17 Million |
| 2021 | -85.15% | -158.98% | 0.43x | 1.26x | $-22.31 Million |
| 2022 | -258.65% | -134.18% | 1.11x | 1.74x | $-17.76 Million |
| 2023 | -1556.00% | -69.66% | 1.78x | 12.57x | $-7.77 Million |
| 2024 | -178.06% | -57.41% | 0.98x | 3.18x | $-5.87 Million |
Industry Comparison
This section compares XMax Inc.'s net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $264,634,611
- Average return on equity (ROE) among peers: -5.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| XMax Inc. (XWIN) | $13.58 Million | -63.72% | 0.35x | $61.78K |
| American Woodmark Corporation (AMWD) | $581.66 Million | 10.86% | 1.83x | $572.47 Million |
| Aterian Inc (ATER) | $224.23 Million | -105.26% | 0.40x | $3.15 Million |
| Applied UV, Inc. (AUVIQ) | $-1.42 Million | 0.00% | 0.00x | $467.00 |
| Bassett Furniture Industries (BSET) | $298.90 Million | 7.66% | 0.16x | $108.92 Million |
| Breville Group Limited (BVILF) | $150.22 Million | 15.03% | 0.59x | $2.02 Billion |
| Traeger Inc (COOK) | $291.35 Million | -28.97% | 1.95x | $117.97 Million |
| Crown Crafts Inc (CRWS) | $31.39 Million | 13.72% | 0.46x | $25.18 Million |
| Deer Consumer Prodct (DEER) | $-17.75K | 0.00% | 0.00x | $0.93 |
| De'Longhi S.p.A (DELHF) | $1.07 Billion | 17.33% | 0.99x | $1.30 Billion |
| Dyna Group International Inc (DGIX) | $4.10 Million | 13.94% | 0.59x | $7.42K |