a2 Milk's earnings have been declining at an average annual rate of -22.4%, while the Food industry saw earnings growing at 3.3% annually. Revenues have been growing at an average rate of 2.2% per year. a2 Milk's return on equity is 12.2%, and it has net margins of 10%.
Key information
-22.4%
Earnings growth rate
-22.2%
EPS growth rate
Food Industry Growth
5.9%
Revenue growth rate
2.2%
Return on equity
12.2%
Net Margin
10.0%
Last Earnings Update
30 Jun 2024
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How a2 Milk makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
CHIA:A2M Revenue, expenses and earnings (NZD Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
30 Jun 24
1,673
168
567
0
31 Mar 24
1,647
167
554
0
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
567
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
Quality Earnings: A2M has high quality earnings.
Growing Profit Margin: A2M's current net profit margins (10%) are higher than last year (9.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: A2M's earnings have declined by 22.4% per year over the past 5 years.
Accelerating Growth: A2M's earnings growth over the past year (7.7%) exceeds its 5-year average (-22.4% per year).
Earnings vs Industry: A2M earnings growth over the past year (7.7%) did not outperform the Food industry 20.1%.
Return on Equity
High ROE: A2M's Return on Equity (12.2%) is considered low.