X2M Connect (ASX:X2M) Pretax Margin % : -43.79% (As of Dec. 2023)

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What is X2M Connect Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. X2M Connect's Pre-Tax Income for the six months ended in Dec. 2023 was A$-3.28 Mil. X2M Connect's Revenue for the six months ended in Dec. 2023 was A$7.48 Mil. Therefore, X2M Connect's pretax margin for the quarter that ended in Dec. 2023 was -43.79%.

The historical rank and industry rank for X2M Connect's Pretax Margin % or its related term are showing as below:

ASX:X2M' s Pretax Margin % Range Over the Past 10 Years
Min: -98.39 Med: -69.28 Max: -40.17
Current: -46.55

ASX:X2M's Pretax Margin % is ranked worse than
91.08% of 2465 companies
in the Hardware industry
Industry Median: 3.43 vs ASX:X2M: -46.55

X2M Connect Pretax Margin % Historical Data

The historical data trend for X2M Connect's Pretax Margin % 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 Pretax Margin % Chart

X2M Connect Annual Data

Trend

Jun22

Jun23

Pretax Margin %

-98.39

-40.17

X2M Connect Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Pretax Margin %	Get a 7-Day Free Trial			-141.90	-64.03	-32.72	-49.41	-43.79

Competitive Comparison of X2M Connect's Pretax Margin %

For the Scientific & Technical Instruments subindustry, X2M Connect's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, X2M Connect's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where X2M Connect's Pretax Margin % falls into.

X2M Connect Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

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

Pretax Margin	=	Pre-Tax Income (A: Jun. 2023 )	/	Revenue (A: Jun. 2023 )
	=	-6.513	/	16.213
	=	-40.17 %

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

Pretax Margin	=	Pre-Tax Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-3.277	/	7.484
	=	-43.79 %

X2M Connect (ASX:X2M) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.

X2M Connect Pretax Margin % 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 » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

N/A

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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