X2M Connect Ltd
ASX:X2M
Gross Margin
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
Peer Comparison
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| AU |
|
X2M Connect Ltd
ASX:X2M
|
5.1m AUD |
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|
|
| JP |
|
Keyence Corp
TSE:6861
|
16T JPY |
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|
|
| US |
|
Keysight Technologies Inc
NYSE:KEYS
|
52.6B USD |
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|
|
| CN |
|
Hangzhou Hikvision Digital Technology Co Ltd
SZSE:002415
|
288.6B CNY |
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|
|
| US |
|
Teledyne Technologies Inc
NYSE:TDY
|
31.3B USD |
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|
|
| SE |
|
Hexagon AB
STO:HEXA B
|
277.7B SEK |
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|
|
| CN |
|
Zhonghang Electronic Measuring Instruments Co Ltd
SZSE:300114
|
193.2B CNY |
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|
|
| UK |
|
Halma PLC
LSE:HLMA
|
15.9B GBP |
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|
|
| TW |
|
Chroma ATE Inc
TWSE:2360
|
584.6B TWD |
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|
|
| US |
|
Trimble Inc
NASDAQ:TRMB
|
15.7B USD |
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|
|
| CN |
|
Universal Scientific Industrial Shanghai Co Ltd
SSE:601231
|
95.3B CNY |
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|
Market Distribution
| Min | -6 907 100% |
| 30th Percentile | 21.6% |
| Median | 38.3% |
| 70th Percentile | 58.2% |
| Max | 2 095.9% |
Other Profitability Ratios
X2M Connect Ltd
Glance View
X2M Connect Ltd. is a technology company engaged in the Internet of Things business for water, gas, electricity and other utilities industries. The company is headquartered in Melbourne, Victoria. The company went IPO on 2021-09-22. The firm offers Internet of things (IoT) business, which is focused on digitizing the utility sector in Asia-Pacific (APAC) with its technology. Its IoT technology platform enables remote monitoring and control of devices and sensors such as gas/water meters and pressure sensors. The company also provides hardware and software for digitalizing manual hardware. The firm's technology consists of three elements, namely Network Interface Card (NIC), Micro Engine, and X2M IoT platform (Vision Platform). NIC enables an existing device with no communication capability to transmit and receive information from X2M's Micro Engine. Micro Engine allows applications to make decisions and collate the information received from each device and send it to the X2M IoT platform. X2M IoT platform is a software as a service (SaaS) offering that manages, monitors, diagnoses and controls deployed Micro Engines and all connected devices.
See Also
Gross Margin is calculated by dividing the Gross Profit by the Revenue.
The current Gross Margin for X2M Connect Ltd is 46.6%, which is above its 3-year median of 38.3%.
Over the last 3 years, X2M Connect Ltd’s Gross Margin has increased from 22.3% to 46.6%. During this period, it reached a low of 22.3% on May 30, 2022 and a high of 49.5% on Dec 31, 2024.
