Tianjin Meiteng Technology Past Earnings Performance
Past criteria checks 1/6
Tianjin Meiteng Technology has been growing earnings at an average annual rate of 3.4%, while the Machinery industry saw earnings growing at 10.4% annually. Revenues have been growing at an average rate of 11.2% per year. Tianjin Meiteng Technology's return on equity is 5.2%, and it has net margins of 13%.
Key information
3.4%
Earnings growth rate
-11.9%
EPS growth rate
| Machinery Industry Growth | 11.8% |
| Revenue growth rate | 11.2% |
| Return on equity | 5.2% |
| Net Margin | 13.0% |
| Last Earnings Update | 31 Mar 2024 |
Revenue & Expenses BreakdownBeta
How Tianjin Meiteng Technology 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 | 591 | 77 | 146 | 69 |
| 31 Dec 23 | 570 | 74 | 141 | 69 |
| 30 Sep 23 | 517 | 75 | 127 | 66 |
| 30 Jun 23 | 557 | 100 | 123 | 63 |
| 31 Mar 23 | 532 | 126 | 108 | 58 |
| 31 Dec 22 | 489 | 125 | 101 | 54 |
| 30 Sep 22 | 469 | 116 | 96 | 52 |
| 31 Dec 21 | 384 | 86 | 94 | 53 |
| 31 Dec 20 | 321 | 92 | 77 | 42 |
| 31 Dec 19 | 241 | 63 | 59 | 36 |
| 31 Dec 18 | 133 | 15 | 40 | 27 |
Quality Earnings: 688420 has a high level of non-cash earnings.
Growing Profit Margin: 688420's current net profit margins (13%) are lower than last year (23.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 688420's earnings have grown by 3.4% per year over the past 5 years.
Accelerating Growth: 688420's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 688420 had negative earnings growth (-39.3%) over the past year, making it difficult to compare to the Machinery industry average (2.6%).
Return on Equity
High ROE: 688420's Return on Equity (5.2%) is considered low.