Xero Ltd

AU:XRO Australia Software - Application
Market Cap
$8.49 Billion
AU$13.71 Billion AUD
Market Cap Rank
#2065 Global
#12 in Australia
Share Price
AU$78.98
Change (1 day)
-1.92%
52-Week Range
AU$71.84 - AU$194.21
All Time High
AU$194.21
Categories
Companies in Australia Software - Application Technology AI & Machine Learning
About

Xero Limited, together with its subsidiaries, provides online business solutions for small businesses and their advisors in Australia, New Zealand, the United Kingdom, North America, and internationally. It offers accounting, payroll, payments and other solutions through its Xero platform. The company also provides Planday, an online employee scheduling software; Hubdoc for bills and receipts; Sy… Read more

Xero Ltd (XRO) - Net Assets

Latest net assets as of September 2025: AU$4.01 Billion AUD

Based on the latest financial reports, Xero Ltd (XRO) has net assets worth AU$4.01 Billion AUD as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$6.10 Billion) and total liabilities (AU$2.09 Billion). 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$4.01 Billion
% of Total Assets 65.69%
Annual Growth Rate 47.93%
5-Year Change 190.91%
10-Year Change 692.14%
Growth Volatility 150.45

Xero Ltd - Net Assets Trend (2007–2025)

This chart illustrates how Xero 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 Xero Ltd (2007–2025)

The table below shows the annual net assets of Xero Ltd from 2007 to 2025.

Year Net Assets Change
2025-03-31 AU$2.00 Billion +43.25%
2024-03-31 AU$1.39 Billion +41.49%
2023-03-31 AU$984.51 Million +2.81%
2022-03-31 AU$957.65 Million +39.62%
2021-03-31 AU$685.91 Million +67.66%
2020-03-31 AU$409.12 Million +20.61%
2019-03-31 AU$339.21 Million +49.60%
2018-03-31 AU$226.74 Million +10.39%
2017-03-31 AU$205.40 Million -18.46%
2016-03-31 AU$251.90 Million -25.70%
2015-03-31 AU$339.04 Million +37.87%
2014-03-31 AU$245.92 Million +198.60%
2013-03-31 AU$82.36 Million +57.63%
2012-03-31 AU$52.25 Million +140.91%
2011-03-31 AU$21.69 Million -11.82%
2010-03-31 AU$24.59 Million +389.92%
2009-03-31 AU$5.02 Million -55.66%
2008-03-31 AU$11.32 Million +553.64%
2007-03-31 AU$1.73 Million --

Equity Component Analysis

This analysis shows how different components contribute to Xero 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 3721464900.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2025)

Component Amount Percentage
Common Stock AU$1.85 Billion 92.88%
Other Comprehensive Income AU$179.19 Million 8.98%
Total Equity AU$2.00 Billion 100.00%

Xero Ltd Competitors by Market Cap

The table below lists competitors of Xero Ltd ranked by their market capitalization.

Company Market Cap
Wynn Resorts Limited
NASDAQ:WYNN
 		$7.47 Billion
Falabella
SN:FALABELLA
 		$7.47 Billion
Halozyme Therapeutics Inc
NASDAQ:HALO
 		$7.47 Billion
Zhejiang Nhu Co Ltd
SHE:002001
 		$7.48 Billion
Hudbay Minerals Inc.
NYSE:HBM
 		$7.45 Billion
China Mengniu Dairy Company Limited
PINK:CIADF
 		$7.45 Billion
Shenzhen Longsys Electronics Co. Ltd. A
SHE:301308
 		$7.45 Billion
Bilibili Inc
NASDAQ:BILI
 		$7.45 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Xero Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 1,392,947,000 to 1,995,368,047, a change of 602,421,047 (43.2%).
  • Net income of 207,031,079 contributed positively to equity growth.
  • Share repurchases of 10,217,413 reduced equity.
  • New share issuances of 24,428,390 increased equity.
  • Other comprehensive income increased equity by 365,230,568.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income AU$207.03 Million +10.38%
Share Repurchases AU$10.22 Million -0.51%
Share Issuances AU$24.43 Million +1.22%
Other Comprehensive Income AU$365.23 Million +18.3%
Other Changes AU$15.95 Million +0.8%
Total Change AU$- 43.25%

Book Value vs Market Value Analysis

This analysis compares Xero 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

  • Current price-to-book ratio: 6.12x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 383.70x to 6.12x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2008-03-31 AU$0.21 AU$78.98 x
2009-03-31 AU$0.09 AU$78.98 x
2010-03-31 AU$0.29 AU$78.98 x
2011-03-31 AU$0.24 AU$78.98 x
2012-03-31 AU$0.56 AU$78.98 x
2013-03-31 AU$0.75 AU$78.98 x
2014-03-31 AU$1.98 AU$78.98 x
2015-03-31 AU$2.68 AU$78.98 x
2016-03-31 AU$1.85 AU$78.98 x
2017-03-31 AU$1.50 AU$78.98 x
2018-03-31 AU$1.65 AU$78.98 x
2019-03-31 AU$2.44 AU$78.98 x
2020-03-31 AU$2.86 AU$78.98 x
2021-03-31 AU$4.58 AU$78.98 x
2022-03-31 AU$6.45 AU$78.98 x
2023-03-31 AU$6.56 AU$78.98 x
2024-03-31 AU$9.11 AU$78.98 x
2025-03-31 AU$12.90 AU$78.98 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Xero 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): 10.38%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 10.83%
  • • Asset Turnover: 0.47x
  • • Equity Multiplier: 2.03x
  • Recent ROE (10.38%) is above the historical average (-20.61%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2008 -38.07% -3216.42% 0.01x 1.05x AU$-5.44 Million
2009 -134.48% -703.96% 0.13x 1.42x AU$-7.25 Million
2010 -34.36% -267.57% 0.12x 1.08x AU$-10.91 Million
2011 -34.52% -80.15% 0.38x 1.12x AU$-9.66 Million
2012 -15.13% -40.81% 0.34x 1.11x AU$-13.13 Million
2013 -14.07% -37.00% 0.35x 1.08x AU$-19.82 Million
2014 -13.94% -50.71% 0.26x 1.07x AU$-57.26 Million
2015 -20.12% -56.14% 0.33x 1.09x AU$-102.11 Million
2016 -30.11% -39.83% 0.64x 1.18x AU$-101.04 Million
2017 -31.66% -23.38% 1.04x 1.31x AU$-85.56 Million
2018 -10.15% -6.13% 1.14x 1.45x AU$-45.69 Million
2019 -7.47% -4.91% 0.55x 2.75x AU$-59.26 Million
2020 0.81% 0.48% 0.63x 2.73x AU$-37.58 Million
2021 2.87% 2.32% 0.46x 2.71x AU$-48.90 Million
2022 -0.95% -0.82% 0.51x 2.27x AU$-104.88 Million
2023 -11.53% -8.11% 0.60x 2.36x AU$-211.98 Million
2024 11.50% 10.19% 0.53x 2.12x AU$20.91 Million
2025 10.38% 10.83% 0.47x 2.03x AU$7.49 Million

Industry Comparison

This section compares Xero Ltd's net assets metrics with peer companies in the Software - Application industry.

Industry Context

  • Industry: Software - Application
  • Average net assets among peers: $9,191,327
  • Average return on equity (ROE) among peers: -38.57%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Xero Ltd (XRO) AU$4.01 Billion -38.07% 0.52x $7.46 Billion
One Click Group Ltd (1CG) $722.40K -186.50% 0.31x $5.25 Million
Thrive Tribe Technologies Ltd (1TT) $1.98 Million 25.74% 0.29x $300.18K
Pointerra Ltd (3DP) $22.72 Million -17.27% 0.34x $12.76 Million
8COMMON Ltd (8CO) $6.57 Million -0.17% 0.48x $1.47 Million
Adacel Tech Ltd (ADA) $9.15 Million 40.06% 1.35x $10.91 Million
Aeeris Ltd (AER) $4.17 Million -17.31% 0.06x $1.74 Million
Aerometrex Ltd (AMX) $36.83 Million 6.96% 0.32x $6.35 Million
Assetowl Ltd (AO1) $2.23 Million -90.90% 0.15x $577.74K
Bridge Saas Ltd (BGE) $1.59 Million -146.32% 0.42x $176.99K
Bravura Solutions Ltd (BVS) $5.96 Million 0.00% 1.72x $392.40 Million