Will Semiconductor Past Earnings Performance

Past criteria checks 2/6

Will Semiconductor's earnings have been declining at an average annual rate of -6.9%, while the Semiconductor industry saw earnings growing at 27.1% annually. Revenues have been growing at an average rate of 7.2% per year. Will Semiconductor's return on equity is 11.2%, and it has net margins of 10.3%.

Key information

-6.9%

Earnings growth rate

-9.0%

EPS growth rate

Semiconductor Industry Growth	23.8%
Revenue growth rate	7.2%
Return on equity	11.2%
Net Margin	10.3%
Next Earnings Update	16 Apr 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Will Semiconductor makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SWX:WILL Revenue, expenses and earnings (CNY Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
30 Sep 24	24,848	2,563	1,366	2,536
30 Jun 24	24,254	1,770	1,327	2,492
31 Mar 24	22,329	915	1,297	2,327
31 Dec 23	21,021	556	1,245	2,171
30 Sep 23	19,777	-791	1,216	2,247
30 Jun 23	17,865	-1,126	1,232	2,207
31 Mar 23	18,875	293	1,158	2,396
31 Dec 22	20,078	990	1,289	2,453
30 Sep 22	21,172	3,107	1,270	2,338
30 Jun 22	22,727	4,502	1,202	2,239
31 Mar 22	23,430	4,332	1,286	2,144
31 Dec 21	24,104	4,476	1,243	2,090
30 Sep 21	24,170	4,498	1,139	2,017
30 Jun 21	24,229	3,960	1,283	1,925
31 Mar 21	22,219	3,302	1,230	1,840
31 Dec 20	19,824	2,706	1,164	1,727
30 Sep 20	18,195	2,057	1,321	1,578
30 Jun 20	15,971	1,380	1,284	1,492
31 Mar 20	14,802	861	1,222	1,348
31 Dec 19	13,632	466	1,194	1,282
30 Sep 19	12,386	26	1,033	1,319
30 Jun 19	12,175	57	1,059	1,185
31 Mar 19	11,528	145	1,057	1,077
31 Dec 18	9,702	139	929	815
30 Sep 18	7,510	284	707	515
30 Jun 18	4,721	236	429	314
31 Mar 18	2,828	144	279	113
31 Dec 17	2,406	137	223	85
30 Sep 17	2,166	136	262	0
30 Jun 17	2,031	131	255	0
31 Mar 17	2,097	149	261	0
31 Dec 16	2,161	142	258	0
31 Dec 15	1,983	115	239	0
31 Dec 14	1,408	98	145	0

Quality Earnings: WILL has high quality earnings.

Growing Profit Margin: WILL became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: WILL's earnings have declined by 6.9% per year over the past 5 years.

Accelerating Growth: WILL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: WILL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (-11.6%).

Return on Equity

High ROE: WILL's Return on Equity (11.2%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/05 11:57
End of Day Share Price	2025/01/03 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Will Semiconductor Co., Ltd. is covered by 50 analysts. 28 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Dai Shen	BofA Global Research
Brad Lin	BofA Global Research
Lin Su	CCB International Securities Limited