HIT Welding IndustryLtd Past Earnings Performance
Past criteria checks 4/6
HIT Welding IndustryLtd's earnings have been declining at an average annual rate of -13.2%, while the Machinery industry saw earnings growing at 10.4% annually. Revenues have been declining at an average rate of 0.3% per year. HIT Welding IndustryLtd's return on equity is 4.4%, and it has net margins of 3.8%.
Key information
-13.2%
Earnings growth rate
-22.5%
EPS growth rate
| Machinery Industry Growth | 11.8% |
| Revenue growth rate | -0.3% |
| Return on equity | 4.4% |
| Net Margin | 3.8% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How HIT Welding IndustryLtd 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 | 1,562 | 59 | 71 | 53 |
| 31 Dec 23 | 1,579 | 58 | 67 | 50 |
| 30 Sep 23 | 1,580 | 63 | 61 | 51 |
| 30 Jun 23 | 1,572 | 47 | 56 | 52 |
| 31 Mar 23 | 1,564 | 43 | 58 | 54 |
| 31 Dec 22 | 1,571 | 46 | 56 | 53 |
| 30 Sep 22 | 1,581 | 36 | 54 | 48 |
| 30 Jun 22 | 1,656 | 55 | 53 | 53 |
| 31 Mar 22 | 1,719 | 67 | 57 | 49 |
| 01 Jan 22 | 1,716 | 77 | 58 | 52 |
| 30 Sep 21 | 1,652 | 79 | 34 | 50 |
| 30 Jun 21 | 1,592 | 90 | 45 | 44 |
| 31 Mar 21 | 1,405 | 82 | 49 | 43 |
| 31 Dec 20 | 1,363 | 79 | 57 | 43 |
| 31 Dec 19 | 1,191 | 70 | 86 | 42 |
| 31 Dec 18 | 1,078 | 67 | 74 | 34 |
| 31 Dec 17 | 869 | 45 | 75 | 29 |
Quality Earnings: 301137 has high quality earnings.
Growing Profit Margin: 301137's current net profit margins (3.8%) are higher than last year (2.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 301137's earnings have declined by 13.2% per year over the past 5 years.
Accelerating Growth: 301137's earnings growth over the past year (35.6%) exceeds its 5-year average (-13.2% per year).
Earnings vs Industry: 301137 earnings growth over the past year (35.6%) exceeded the Machinery industry 2.3%.
Return on Equity
High ROE: 301137's Return on Equity (4.4%) is considered low.