X2M ConnectASX:X2M ROA % is -131.16% as of Dec. 2025. The stock has 8 warning signs investors should review. Among 2,505 Hardware companies, X2M Connect ranks worse than 99.36% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. X2M Connect's annualizedNet Income for the quarter that ended in Dec. 2025 was A$-6.51 Mil.
X2M Connect's average Total Assets over the quarter that ended in Dec. 2025 was A$4.96 Mil. Therefore, X2M Connect's annualized ROA % for the quarter that ended in Dec. 2025 was -131.16%.
The historical rank and industry rank for X2M Connect's ROA % or its related term are showing as below:
ASX:X2M'
s ROA % Range Over the Past 10 Years
Min: -172.29 Med: -79.17 Max: -44.63
Current: -172.29
During the past 4 years, X2M Connect's highest ROA % was -44.63%. The lowest was -172.29%. And the median was -79.17%.
ASX:X2M's ROA % is ranked worse than 99.36% of 2505
companies
in the Hardware industry
Industry Median: 2.28
vs ASX:X2M: -172.29
X2M Connect (ASX:X2M) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
X2M Connect ROA % Related Terms
X2M Connect ROA % Historical Data
* Premium members only.
The historical data trend for X2M Connect's ROA % 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.
For the Scientific & Technical Instruments subindustry, X2M Connect's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Hardware Industry
For the Hardware industry and Technology sector, X2M Connect's ROA % distribution charts can be found below:
* The bar in red indicates where X2M Connect's ROA % falls into.
* 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
X2M Connect (ASX:X2M) has a ROA % of -131.16% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on X2M Connect and its competitors. According to the industry distribution chart, X2M Connect ranks #2489 out of 2505 companies in the Hardware industry, placing it in the top 99.4%.
Is X2M Connect's ROA % too high?
X2M Connect's current ROA % is -131.16%. Based on the distribution chart, X2M Connect ranks #2489 out of 2505 companies in the Hardware industry, which is in the bottom quartile relative to peers.
How does X2M Connect's ROA % compare to COHR and KEYS?
According to the Hardware industry distribution chart, X2M Connect ranks #2489 out of 2505 companies for ROA %. This places X2M Connect in the lower half of its industry. The industry median ROA % is 2.28. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Hardware company?
The median ROA % among Hardware companies is 2.28, based on 2,505 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on X2M Connect and its competitors. For the Hardware industry, the median ROA % is 2.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. X2M Connect's current ROA % is -131.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is X2M Connect stock overvalued right now?
Based on GuruFocus' analysis, X2M Connect (ASX:X2M) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.01, compared to a current price of A$0.01 — trading 40% below its estimated fair value. The current ROA % is -131.16%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For X2M Connect (ASX:X2M), the current ROA % is -131.16% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
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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