a2 Milk Past Earnings Performance
Past criteria checks 3/6
a2 Milk's earnings have been declining at an average annual rate of -22.9%, while the Food industry saw earnings growing at 16.2% annually. Revenues have been growing at an average rate of 3.3% per year. a2 Milk's return on equity is 12.9%, and it has net margins of 10.3%.
Key information
-22.9%
Earnings growth rate
-22.9%
EPS growth rate
| Food Industry Growth | 5.9% |
| Revenue growth rate | 3.3% |
| Return on equity | 12.9% |
| Net Margin | 10.3% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How a2 Milk makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 1,620 | 167 | 541 | 0 |
| 30 Sep 23 | 1,606 | 161 | 540 | 0 |
| 30 Jun 23 | 1,591 | 156 | 540 | 0 |
| 31 Mar 23 | 1,579 | 146 | 541 | 0 |
| 31 Dec 22 | 1,567 | 137 | 594 | 0 |
| 30 Sep 22 | 1,505 | 130 | 541 | 0 |
| 30 Jun 22 | 1,444 | 123 | 489 | 0 |
| 31 Mar 22 | 1,315 | 71 | 417 | 0 |
| 31 Dec 21 | 1,186 | 20 | 346 | 0 |
| 30 Sep 21 | 1,196 | 50 | 324 | 0 |
| 30 Jun 21 | 1,205 | 81 | 301 | 0 |
| 31 Mar 21 | 1,404 | 200 | 306 | 0 |
| 31 Dec 20 | 1,603 | 320 | 311 | 0 |
| 30 Sep 20 | 1,667 | 354 | 323 | 0 |
| 30 Jun 20 | 1,731 | 388 | 334 | 0 |
| 31 Mar 20 | 1,613 | 358 | 311 | 0 |
| 31 Dec 19 | 1,495 | 328 | 288 | 0 |
| 30 Sep 19 | 1,398 | 311 | 261 | 0 |
| 30 Jun 19 | 1,301 | 295 | 234 | 0 |
| 31 Mar 19 | 1,200 | 273 | 209 | 0 |
| 31 Dec 18 | 1,099 | 252 | 183 | 0 |
| 30 Sep 18 | 1,011 | 224 | 167 | 0 |
| 30 Jun 18 | 923 | 196 | 151 | 0 |
| 31 Mar 18 | 825 | 173 | 135 | 0 |
| 31 Dec 17 | 728 | 150 | 119 | 0 |
| 30 Sep 17 | 639 | 120 | 108 | 0 |
| 30 Jun 17 | 550 | 91 | 97 | 0 |
| 31 Mar 17 | 510 | 75 | 93 | 0 |
| 31 Dec 16 | 470 | 60 | 90 | 0 |
| 30 Sep 16 | 411 | 45 | 85 | 0 |
| 30 Jun 16 | 353 | 30 | 80 | 0 |
| 31 Mar 16 | 286 | 19 | 63 | 0 |
| 31 Dec 15 | 219 | 8 | 47 | 0 |
| 30 Sep 15 | 187 | 3 | 39 | 0 |
| 30 Jun 15 | 155 | -2 | 30 | 0 |
| 31 Mar 15 | 143 | -1 | 28 | 0 |
| 31 Dec 14 | 131 | -1 | 26 | 0 |
| 30 Sep 14 | 121 | 0 | 24 | 0 |
| 30 Jun 14 | 111 | 0 | 22 | 0 |
| 31 Mar 14 | 108 | 2 | 20 | 0 |
| 31 Dec 13 | 104 | 4 | 17 | 0 |
| 30 Sep 13 | 99 | 4 | 15 | 0 |
| 30 Jun 13 | 95 | 4 | 13 | 0 |
Quality Earnings: A2M has high quality earnings.
Growing Profit Margin: A2M's current net profit margins (10.3%) are higher than last year (8.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: A2M's earnings have declined by 22.9% per year over the past 5 years.
Accelerating Growth: A2M's earnings growth over the past year (22.2%) exceeds its 5-year average (-22.9% per year).
Earnings vs Industry: A2M earnings growth over the past year (22.2%) did not outperform the Food industry 270.8%.
Return on Equity
High ROE: A2M's Return on Equity (12.9%) is considered low.