SOCO Past Earnings Performance
Past criteria checks 0/6
SOCO's earnings have been declining at an average annual rate of -10.3%, while the IT industry saw earnings growing at 15.1% annually. Revenues have been growing at an average rate of 20.1% per year. SOCO's return on equity is 4.5%, and it has net margins of 1.7%.
Key information
-10.3%
Earnings growth rate
-78.8%
EPS growth rate
| IT Industry Growth | 12.9% |
| Revenue growth rate | 20.1% |
| Return on equity | 4.5% |
| Net Margin | 1.7% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How SOCO 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 | 20 | 0 | 4 | 0 |
| 30 Sep 23 | 20 | 1 | 4 | 0 |
| 30 Jun 23 | 20 | 1 | 4 | 0 |
| 31 Mar 23 | 18 | 1 | 4 | 0 |
| 31 Dec 22 | 17 | 1 | 4 | 0 |
| 30 Sep 22 | 15 | 2 | 3 | 0 |
| 30 Jun 22 | 13 | 2 | 3 | 0 |
| 30 Jun 21 | 8 | 1 | 2 | 0 |
| 30 Jun 20 | 5 | 1 | 1 | 0 |
Quality Earnings: SOC has a large one-off loss of A$545.5K impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: SOC's current net profit margins (1.7%) are lower than last year (7.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SOC's earnings have declined by 10.3% per year over the past 5 years.
Accelerating Growth: SOC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SOC had negative earnings growth (-72.2%) over the past year, making it difficult to compare to the IT industry average (9.5%).
Return on Equity
High ROE: SOC's Return on Equity (4.5%) is considered low.