Ningbo TIP Rubber TechnologyLtd Past Earnings Performance
Past criteria checks 4/6
Ningbo TIP Rubber TechnologyLtd's earnings have been declining at an average annual rate of -30%, while the Auto Components industry saw earnings growing at 6.4% annually. Revenues have been growing at an average rate of 4.1% per year. Ningbo TIP Rubber TechnologyLtd's return on equity is 3.7%, and it has net margins of 8.9%.
Key information
-30.0%
Earnings growth rate
-38.4%
EPS growth rate
| Auto Components Industry Growth | 3.8% |
| Revenue growth rate | 4.1% |
| Return on equity | 3.7% |
| Net Margin | 8.9% |
| Last Earnings Update | 31 Mar 2024 |
Revenue & Expenses BreakdownBeta
How Ningbo TIP Rubber TechnologyLtd 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 Mar 24 | 354 | 32 | 60 | 23 |
| 31 Dec 23 | 348 | 31 | 60 | 22 |
| 30 Sep 23 | 354 | 26 | 59 | 21 |
| 30 Jun 23 | 347 | 26 | 57 | 20 |
| 31 Mar 23 | 337 | 24 | 59 | 20 |
| 31 Dec 22 | 329 | 26 | 59 | 22 |
| 30 Sep 22 | 312 | 25 | 52 | 25 |
| 30 Jun 22 | 297 | 26 | 53 | 26 |
| 31 Mar 22 | 298 | 30 | 49 | 26 |
| 31 Dec 21 | 306 | 39 | 48 | 27 |
| 30 Sep 21 | 323 | 63 | 44 | 29 |
| 30 Jun 21 | 331 | 70 | 45 | 27 |
| 31 Mar 21 | 327 | 71 | 45 | 25 |
| 31 Dec 20 | 304 | 63 | 43 | 22 |
| 30 Sep 20 | 289 | 62 | 40 | 16 |
| 30 Jun 20 | 303 | 68 | 38 | 18 |
| 31 Mar 20 | 322 | 72 | 40 | 17 |
| 31 Dec 19 | 345 | 78 | 40 | 18 |
| 31 Dec 18 | 437 | 102 | 39 | 16 |
| 31 Dec 17 | 418 | 107 | 33 | 18 |
| 31 Dec 16 | 367 | 87 | 37 | 15 |
Quality Earnings: 605255 has high quality earnings.
Growing Profit Margin: 605255's current net profit margins (8.9%) are higher than last year (7.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 605255's earnings have declined by 30% per year over the past 5 years.
Accelerating Growth: 605255's earnings growth over the past year (29.1%) exceeds its 5-year average (-30% per year).
Earnings vs Industry: 605255 earnings growth over the past year (29.1%) exceeded the Auto Components industry 20%.
Return on Equity
High ROE: 605255's Return on Equity (3.7%) is considered low.