Ring Shine Textiles Past Earnings Performance
Past criteria checks 0/6
Ring Shine Textiles's earnings have been declining at an average annual rate of -60%, while the Luxury industry saw earnings declining at 3.5% annually. Revenues have been declining at an average rate of 28.6% per year.
Key information
-60.0%
Earnings growth rate
-58.1%
EPS growth rate
| Luxury Industry Growth | -4.6% |
| Revenue growth rate | -28.6% |
| Return on equity | n/a |
| Net Margin | -45.5% |
| Last Earnings Update | 30 Jun 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Ring Shine Textiles 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 |
|---|---|---|---|---|
| 30 Jun 23 | 2,780 | -1,265 | 151 | 0 |
| 31 Mar 23 | 2,693 | -1,122 | 138 | 0 |
| 31 Dec 22 | 2,605 | -979 | 124 | 0 |
| 30 Sep 22 | 2,926 | -783 | 113 | 0 |
| 30 Jun 22 | 2,859 | -773 | 107 | 0 |
| 30 Jun 21 | 908 | -887 | 103 | 0 |
| 30 Jun 20 | 6,381 | 135 | 134 | 0 |
| 31 Mar 20 | 8,177 | 365 | 142 | 0 |
| 31 Dec 19 | 9,940 | 584 | 148 | 0 |
| 30 Sep 19 | 9,972 | 549 | 148 | 0 |
| 30 Jun 19 | 9,824 | 492 | 147 | 0 |
| 31 Mar 19 | 10,146 | 562 | 143 | 0 |
| 31 Dec 18 | 10,067 | 564 | 143 | 0 |
| 30 Sep 18 | 9,990 | 560 | 142 | 0 |
| 30 Jun 18 | 9,995 | 554 | 142 | 0 |
| 30 Jun 17 | 8,812 | 510 | 138 | 0 |
Quality Earnings: RINGSHINE is currently unprofitable.
Growing Profit Margin: RINGSHINE is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: RINGSHINE is unprofitable, and losses have increased over the past 5 years at a rate of 60% per year.
Accelerating Growth: Unable to compare RINGSHINE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RINGSHINE is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-24.5%).
Return on Equity
High ROE: RINGSHINE's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.