X2M Connect (ASX:X2M) Gross Profit : A$4.38 Mil (TTM As of Dec. 2023)

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What is X2M Connect Gross Profit?

X2M Connect's gross profit for the six months ended in Dec. 2023 was A$2.77 Mil. X2M Connect's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was A$4.38 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. X2M Connect's gross profit for the six months ended in Dec. 2023 was A$2.77 Mil. X2M Connect's Revenue for the six months ended in Dec. 2023 was A$7.48 Mil. Therefore, X2M Connect's Gross Margin % for the quarter that ended in Dec. 2023 was 37.07%.

X2M Connect had a gross margin of 37.07% for the quarter that ended in Dec. 2023 => Competition eroding margins

During the past 2 years, the highest Gross Margin % of X2M Connect was 29.76%. The lowest was 22.27%. And the median was 22.87%.

X2M Connect Gross Profit Historical Data

The historical data trend for X2M Connect's Gross Profit 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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X2M Connect Gross Profit Chart

X2M Connect Annual Data

Trend

Jun22

Jun23

Gross Profit

2.31

3.80

X2M Connect Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Profit	Get a 7-Day Free Trial			0.93	1.38	2.20	1.61	2.77

Competitive Comparison of X2M Connect's Gross Profit

For the Scientific & Technical Instruments subindustry, X2M Connect's Gross Profit, along with its competitors' market caps and Gross Profit 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.

X2M Connect's Gross Profit Distribution in the Hardware Industry

For the Hardware industry and Technology sector, X2M Connect's Gross Profit distribution charts can be found below:

* The bar in red indicates where X2M Connect's Gross Profit falls into.

X2M Connect Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

X2M Connect's Gross Profit for the fiscal year that ended in Jun. 2023 is calculated as

Gross Profit (A: Jun. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	16.213	-	12.41
	=	3.80

X2M Connect's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	7.484	-	4.71
	=	2.77

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$4.38 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

X2M Connect's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	2.77	/	7.484
	=	37.07 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

X2M Connect (ASX:X2M) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

X2M Connect had a gross margin of 37.07% for the quarter that ended in Dec. 2023 => Competition eroding margins

X2M Connect Gross Profit Related Terms

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X2M Connect (ASX:X2M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » X2M Connect Ltd (ASX:X2M) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

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Address

18-24 Ricketts Road, Suite 1.01b, Building B, Mount Waverley, VIC, AUS, 3149

Website

https://www.x2mconnect.com

X2M Connect Ltd is an Internet of Things (IoT) technology company that uses the internet to deliver productivity improvements, cost savings, and improved public safety to enterprise and government customers. Its focus is servicing the utility sector in the Asia-Pacific utility market through the provision of technology that connects devices over the internet, such as water meters and gas pressure sensors, and which enables data exchange and control of these devices. The company's geographical segment includes South Korea; China; Taiwan and other countries. It derives a majority of revenue from South Korea.

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