Xero Limited
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 Limited (XROLF) - Net Assets
Latest net assets as of September 2025: $4.01 Billion USD
Based on the latest financial reports, Xero Limited (XROLF) has net assets worth $4.01 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.10 Billion) and total liabilities ($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 | $4.01 Billion |
| % of Total Assets | 65.69% |
| Annual Growth Rate | 35.56% |
| 5-Year Change | 167.49% |
| 10-Year Change | 692.14% |
| Growth Volatility | 103.88 |
Xero Limited - Net Assets Trend (2008–2025)
This chart illustrates how Xero Limited'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 Limited (2008–2025)
The table below shows the annual net assets of Xero Limited from 2008 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $2.00 Billion | +43.25% |
| 2024-03-31 | $1.39 Billion | +41.20% |
| 2023-03-31 | $986.53 Million | -4.70% |
| 2022-03-31 | $1.04 Billion | +38.77% |
| 2021-03-31 | $745.95 Million | +81.15% |
| 2020-03-31 | $411.78 Million | +21.40% |
| 2019-03-31 | $339.21 Million | +49.60% |
| 2018-03-31 | $226.74 Million | +10.39% |
| 2017-03-31 | $205.40 Million | -18.46% |
| 2016-03-31 | $251.90 Million | -25.70% |
| 2015-03-31 | $339.04 Million | +29.02% |
| 2014-03-31 | $262.77 Million | +219.06% |
| 2013-03-31 | $82.36 Million | +57.63% |
| 2012-03-31 | $52.25 Million | +140.91% |
| 2011-03-31 | $21.69 Million | -11.82% |
| 2010-03-31 | $24.59 Million | +389.92% |
| 2009-03-31 | $5.02 Million | -55.66% |
| 2008-03-31 | $11.32 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Xero Limited'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 3185564900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.85 Billion | 92.88% |
| Other Comprehensive Income | $179.19 Million | 8.98% |
| Total Equity | $2.00 Billion | 100.00% |
Xero Limited Competitors by Market Cap
The table below lists competitors of Xero Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
APA Corporation
NASDAQ:APA
|
$9.63 Billion |
|
DAIMLER TRUCK SP.ADS/1/2
F:DTG1
|
$9.64 Billion |
|
HF Sinclair Corp
NYSE:DINO
|
$9.64 Billion |
|
ALTEOGEN Inc
KQ:196170
|
$9.66 Billion |
|
IREN Limited
F:F8P
|
$9.62 Billion |
|
Everest Group Ltd
NYSE:EG
|
$9.61 Billion |
|
C1RH34
SA:C1RH34
|
$9.61 Billion |
|
ZTO Express (Cayman) Inc
NYSE:ZTO
|
$9.60 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xero Limited'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 | $207.03 Million | +10.38% |
| Share Repurchases | $10.22 Million | -0.51% |
| Share Issuances | $24.43 Million | +1.22% |
| Other Comprehensive Income | $365.23 Million | +18.3% |
| Other Changes | $15.95 Million | +0.8% |
| Total Change | $- | 43.25% |
Book Value vs Market Value Analysis
This analysis compares Xero Limited'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: 7.25x
- 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 454.24x to 7.25x 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 | $0.21 | $93.50 | x |
| 2009-03-31 | $0.09 | $93.50 | x |
| 2010-03-31 | $0.29 | $93.50 | x |
| 2011-03-31 | $0.24 | $93.50 | x |
| 2012-03-31 | $0.56 | $93.50 | x |
| 2013-03-31 | $0.75 | $93.50 | x |
| 2014-03-31 | $2.11 | $93.50 | x |
| 2015-03-31 | $2.68 | $93.50 | x |
| 2016-03-31 | $1.85 | $93.50 | x |
| 2017-03-31 | $1.50 | $93.50 | x |
| 2018-03-31 | $1.65 | $93.50 | x |
| 2019-03-31 | $2.44 | $93.50 | x |
| 2020-03-31 | $2.88 | $93.50 | x |
| 2021-03-31 | $4.98 | $93.50 | x |
| 2022-03-31 | $6.98 | $93.50 | x |
| 2023-03-31 | $6.58 | $93.50 | x |
| 2024-03-31 | $9.11 | $93.50 | x |
| 2025-03-31 | $12.90 | $93.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xero Limited 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 (-20.57%), 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 | $-5.44 Million |
| 2009 | -134.48% | -703.96% | 0.13x | 1.42x | $-7.25 Million |
| 2010 | -34.36% | -267.57% | 0.12x | 1.08x | $-10.91 Million |
| 2011 | -34.52% | -80.15% | 0.38x | 1.12x | $-9.66 Million |
| 2012 | -15.13% | -40.81% | 0.34x | 1.11x | $-13.13 Million |
| 2013 | -14.07% | -37.00% | 0.35x | 1.08x | $-19.82 Million |
| 2014 | -13.08% | -50.71% | 0.24x | 1.07x | $-58.84 Million |
| 2015 | -20.12% | -56.14% | 0.33x | 1.09x | $-102.11 Million |
| 2016 | -30.11% | -39.83% | 0.64x | 1.18x | $-101.04 Million |
| 2017 | -31.66% | -23.38% | 1.04x | 1.31x | $-85.56 Million |
| 2018 | -10.15% | -6.13% | 1.14x | 1.45x | $-45.69 Million |
| 2019 | -7.47% | -4.91% | 0.55x | 2.75x | $-59.26 Million |
| 2020 | 0.81% | 0.48% | 0.62x | 2.73x | $-37.84 Million |
| 2021 | 2.64% | 2.32% | 0.42x | 2.71x | $-54.91 Million |
| 2022 | -0.88% | -0.82% | 0.48x | 2.27x | $-112.63 Million |
| 2023 | -11.51% | -8.11% | 0.60x | 2.36x | $-212.18 Million |
| 2024 | 11.50% | 10.19% | 0.53x | 2.12x | $20.91 Million |
| 2025 | 10.38% | 10.83% | 0.47x | 2.03x | $7.49 Million |
Industry Comparison
This section compares Xero Limited's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $679,817,884
- Average return on equity (ROE) among peers: -17.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xero Limited (XROLF) | $4.01 Billion | -38.07% | 0.52x | $9.62 Billion |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $849.93K | -14.47% | 0.09x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $1.10 Billion | 24.20% | 0.41x | $103.05 Billion |
| Adcore Inc (ADCOF) | $1.19 Million | -17.83% | 0.01x | $3.03 Million |
| ADEIA CORP (ADEA) | $572.18 Million | 12.20% | 0.08x | $2.45 Billion |
| Automatic Data Processing Inc (ADP) | $5.32 Billion | 25.04% | 3.76x | $84.01 Billion |
| Autodesk Inc (ADSK) | $-256.00 Million | 0.00% | 0.00x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $-2.61 Million | 0.00% | 0.00x | $0.96 |
| AudioEye Inc (AEYE) | $17.60 Million | -71.80% | 0.67x | $49.81 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.93 |