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X2M Connect (ASX:X2M) Total Assets : A$12.80 Mil (As of Dec. 2024)


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What is X2M Connect Total Assets?

X2M Connect's Total Assets for the quarter that ended in Dec. 2024 was A$12.80 Mil.

During the past 12 months, X2M Connect's average Total Assets Growth Rate was 0.20% per year.

Total Assets is connected with ROA %. X2M Connect's annualized ROA % for the quarter that ended in Dec. 2024 was -47.41%. Total Assets is also linked to Revenue through Asset Turnover. X2M Connect's Asset Turnover for the quarter that ended in Dec. 2024 was 0.25.

X2M Connect Total Assets Historical Data

The historical data trend for X2M Connect's Total Assets 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 Total Assets Chart

X2M Connect Annual Data
Trend Jun22 Jun23 Jun24
Total Assets
9.67 15.19 13.99

X2M Connect Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Total Assets Get a 7-Day Free Trial 13.63 15.19 14.43 13.99 12.80

X2M Connect Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

X2M Connect's Total Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Assets=Total Equity (A: Jun. 2024 )+Total Liabilities (A: Jun. 2024 )
=0.493+14.753
=15.25

X2M Connect's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets=Total Equity (Q: Dec. 2024 )+Total Liabilities (Q: Dec. 2024 )
=-0.234+13.035
=12.80

* 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.

X2M Connect  (ASX:X2M) Total Assets Explanation

Total Assets is connected with ROA %.

X2M Connect's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %=Net Income (Q: Dec. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=-6.352/( (13.994+12.801)/ 2 )
=-6.352/13.3975
=-47.41 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

X2M Connect's Asset Turnover for the quarter that ended in Dec. 2024 is

Asset Turnover
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=3.379/( (13.994+12.801)/ 2 )
=3.379/13.3975
=0.25

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

X2M Connect Total Assets Related Terms

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X2M Connect Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » X2M Connect Ltd (ASX:X2M) » Definitions » Total Assets
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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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