X2M Connect Ltd
X2M Connect Limited, a technology company, engages in the utility sector in South Korea, Taiwan, and internationally. It is involved in activities, such as gas monitoring and control; water monitoring and control; energy monitoring, control, and optimization; and data collection and delivery for artificial intelligence and data analytics applications. The company was incorporated in 2019 and is b… Read more
X2M Connect Ltd (X2M) - Net Assets
Latest net assets as of December 2025: AU$-4.49 Million AUD
Based on the latest financial reports, X2M Connect Ltd (X2M) has net assets worth AU$-4.49 Million AUD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$4.78 Million) and total liabilities (AU$9.26 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$-4.49 Million |
| % of Total Assets | -93.99% |
| Annual Growth Rate | N/A |
| 5-Year Change | -4410.95% |
| 10-Year Change | N/A |
| Growth Volatility | 839.26 |
X2M Connect Ltd - Net Assets Trend (2019–2025)
This chart illustrates how X2M Connect Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for X2M Connect Ltd (2019–2025)
The table below shows the annual net assets of X2M Connect Ltd from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$-7.98 Million | -1565.36% |
| 2024-06-30 | AU$544.90K | +34.46% |
| 2023-06-30 | AU$405.25K | -73.95% |
| 2022-06-30 | AU$1.56 Million | +739.92% |
| 2021-06-30 | AU$185.22K | +113.58% |
| 2020-06-30 | AU$-1.36 Million | +82.51% |
| 2019-06-30 | AU$-7.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to X2M Connect Ltd'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 4462410900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$30.88 Million | % |
| Other Comprehensive Income | AU$5.76 Million | % |
| Other Components | AU$1.00 | % |
| Total Equity | AU$-7.98 Million | 100.00% |
X2M Connect Ltd Competitors by Market Cap
The table below lists competitors of X2M Connect Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JET CONTRACTORS
BC:JET-CONTRACTORS
|
$2.05 Million |
|
Oxford Cannabinoid Technologies Holdings Plc
PINK:OCTHF
|
$2.05 Million |
|
PExA AB (publ)
F:FA0
|
$2.05 Million |
|
Dangee Dums Limited
NSE:DANGEE
|
$2.05 Million |
|
Talis Biomedical Corp
PINK:TLIS
|
$2.04 Million |
|
CARLSON INV. ZY 13
F:2HB
|
$2.04 Million |
|
GECI International SA
PA:ALGEC
|
$2.04 Million |
|
AEMLF
PINK:AEMLF
|
$2.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in X2M Connect Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 544,899 to -7,984,743, a change of -8,529,642 (-1565.4%).
- Net loss of 12,108,083 reduced equity.
- Share repurchases of 1,693,180 reduced equity.
- Other comprehensive income increased equity by 1,352,490.
- Other factors increased equity by 3,919,131.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-12.11 Million | -151.64% |
| Share Repurchases | AU$1.69 Million | -21.21% |
| Other Comprehensive Income | AU$1.35 Million | +16.94% |
| Other Changes | AU$3.92 Million | +49.08% |
| Total Change | AU$- | -1565.36% |
Book Value vs Market Value Analysis
This analysis compares X2M Connect Ltd'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-06-30 | AU$-0.05 | AU$0.01 | x |
| 2020-06-30 | AU$-0.03 | AU$0.01 | x |
| 2021-06-30 | AU$0.00 | AU$0.01 | x |
| 2022-06-30 | AU$0.01 | AU$0.01 | x |
| 2023-06-30 | AU$0.00 | AU$0.01 | x |
| 2024-06-30 | AU$0.00 | AU$0.01 | x |
| 2025-06-30 | AU$-0.02 | AU$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently X2M Connect Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -187.06%
- • Asset Turnover: 1.28x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-1131.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | -161.16% | 0.56x | 0.00x | AU$-2.81 Million |
| 2020 | 0.00% | -105.64% | 0.41x | 0.00x | AU$-2.24 Million |
| 2021 | -4456.92% | -144.82% | 0.82x | 37.45x | AU$-8.27 Million |
| 2022 | -657.96% | -98.54% | 1.27x | 5.25x | AU$-10.39 Million |
| 2023 | -1607.43% | -40.18% | 1.14x | 34.98x | AU$-6.55 Million |
| 2024 | -1195.25% | -48.66% | 0.99x | 24.81x | AU$-6.57 Million |
| 2025 | 0.00% | -187.06% | 1.28x | 0.00x | AU$-11.31 Million |
Industry Comparison
This section compares X2M Connect Ltd's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $6,596,739
- Average return on equity (ROE) among peers: -237.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| X2M Connect Ltd (X2M) | AU$-4.49 Million | 0.00% | N/A | $2.05 Million |
| Codan Ltd (CDA) | $21.36 Million | 43.07% | 3.03x | $2.18 Billion |
| Dorsavi Ltd (DVL) | $2.84 Million | -53.52% | 0.40x | $5.92 Million |
| HYDRIX Ltd (HYD) | $3.53 Million | -138.38% | 0.18x | $1.40 Million |
| Ikegps Group Ltd (IKE) | $10.64 Million | -100.86% | 0.15x | $45.21 Million |
| Optiscan Imaging Ltd (OIL) | $1.67 Million | -176.71% | 0.60x | $22.46 Million |
| Orexplore Technologies Ltd (OXT) | $8.03 Million | -101.94% | 0.26x | $1.03 Million |
| Shekel Brainweigh Ltd (SBW) | $2.18 Million | -414.34% | 14.73x | $834.78K |
| Structural Monitoring Systems Plc (SMN) | $2.54 Million | -954.08% | 0.27x | $26.58 Million |