Suzhou Cheersson Precision Metal Forming Past Earnings Performance
Past criteria checks 0/6
Suzhou Cheersson Precision Metal Forming's earnings have been declining at an average annual rate of -8.8%, while the Machinery industry saw earnings growing at 9.6% annually. Revenues have been growing at an average rate of 25.1% per year. Suzhou Cheersson Precision Metal Forming's return on equity is 3.5%, and it has net margins of 1.9%.
Key information
-8.8%
Earnings growth rate
-16.7%
EPS growth rate
| Machinery Industry Growth | 11.8% |
| Revenue growth rate | 25.1% |
| Return on equity | 3.5% |
| Net Margin | 1.9% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Revenue & Expenses Breakdown
How Suzhou Cheersson Precision Metal Forming 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 | 1,553 | 30 | 189 | 96 |
| 31 Dec 23 | 1,577 | 52 | 183 | 94 |
| 30 Sep 23 | 1,611 | 64 | 172 | 91 |
| 30 Jun 23 | 1,565 | 82 | 171 | 79 |
| 31 Mar 23 | 1,326 | 74 | 144 | 66 |
| 01 Jan 23 | 1,206 | 67 | 130 | 59 |
| 30 Sep 22 | 1,001 | 72 | 115 | 46 |
| 30 Jun 22 | 843 | 56 | 95 | 44 |
| 31 Mar 22 | 796 | 48 | 88 | 44 |
| 01 Jan 22 | 755 | 46 | 83 | 43 |
| 30 Sep 21 | 719 | 45 | 79 | 40 |
| 30 Jun 21 | 688 | 52 | 73 | 38 |
| 31 Mar 21 | 656 | 55 | 72 | 34 |
| 31 Dec 20 | 584 | 56 | 65 | 30 |
| 30 Sep 20 | 576 | 70 | 62 | 26 |
| 30 Jun 20 | 557 | 72 | 59 | 24 |
| 31 Mar 20 | 561 | 80 | 56 | 26 |
| 31 Dec 19 | 610 | 86 | 58 | 24 |
| 30 Sep 19 | 594 | 82 | 56 | 25 |
| 30 Jun 19 | 605 | 85 | 58 | 25 |
| 31 Mar 19 | 602 | 85 | 56 | 22 |
| 31 Dec 18 | 593 | 85 | 57 | 24 |
| 31 Dec 17 | 560 | 51 | 83 | 22 |
| 31 Dec 16 | 458 | 72 | 53 | 19 |
| 31 Dec 15 | 345 | 36 | 43 | 16 |
Quality Earnings: 002976 has a high level of non-cash earnings.
Growing Profit Margin: 002976's current net profit margins (1.9%) are lower than last year (5.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 002976's earnings have declined by 8.8% per year over the past 5 years.
Accelerating Growth: 002976's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 002976 had negative earnings growth (-59.4%) over the past year, making it difficult to compare to the Machinery industry average (2.6%).
Return on Equity
High ROE: 002976's Return on Equity (3.5%) is considered low.