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How Has Dart Mining NL's (ASX:DTM) Earnings Performed Against The Industry?
Examining Dart Mining NL's (ASX:DTM) past track record of performance is an insightful exercise for investors. It allows us to reflect on whether or not the company has met or exceed expectations, which is a great indicator for future performance. Today I will assess DTM's latest performance announced on 30 June 2017 and compare these figures to its longer term trend and industry movements. View our latest analysis for Dart Mining
How Well Did DTM Perform?
For the most up-to-date info, I use the ‘latest twelve-month’ data, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. This blend enables me to analyze many different companies on a similar basis, using the most relevant data points. Dart Mining's latest twelve-month earnings -A$0.7M, which, in comparison to the previous year's level, has become less negative. Since these values are somewhat short-term, I’ve determined an annualized five-year value for DTM's earnings, which stands at -A$1.0M. This means although net income is negative, it has become less negative over the years.
What does this mean?
While past data is useful, it doesn’t tell the whole story. With companies that are currently loss-making, it is always difficult to predict what will happen in the future and when. The most insightful step is to examine company-specific issues Dart Mining may be facing and whether management guidance has dependably been met in the past. I recommend you continue to research Dart Mining to get a better picture of the stock by looking at:
1. Financial Health: Is DTM’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.
2. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.New: Manage All Your Stock Portfolios in One Place
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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
Simply Wall St analyst Simply Wall St and Simply Wall St have no position in any of the companies mentioned. This article is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
About ASX:DTM
Excellent balance sheet moderate.
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