Zhejiang Tongxing Technology Past Earnings Performance
Past criteria checks 4/6
Zhejiang Tongxing Technology has been growing earnings at an average annual rate of 24.7%, while the Machinery industry saw earnings growing at 9.5% annually. Revenues have been growing at an average rate of 17.2% per year. Zhejiang Tongxing Technology's return on equity is 10.4%, and it has net margins of 12.2%.
Key information
24.7%
Earnings growth rate
22.8%
EPS growth rate
| Machinery Industry Growth | 11.8% |
| Revenue growth rate | 17.2% |
| Return on equity | 10.4% |
| Net Margin | 12.2% |
| Next Earnings Update | 23 Aug 2024 |
Recent past performance updates
Revenue & Expenses Breakdown
How Zhejiang Tongxing 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 Dec 23 | 980 | 119 | 69 | 36 |
| 30 Sep 23 | 933 | 115 | 66 | 31 |
| 30 Jun 23 | 886 | 111 | 62 | 26 |
| 31 Mar 23 | 847 | 98 | 60 | 26 |
| 01 Jan 23 | 809 | 84 | 57 | 25 |
| 01 Oct 22 | 817 | 80 | 55 | 26 |
| 30 Jun 22 | 824 | 76 | 52 | 28 |
| 31 Mar 22 | 804 | 73 | 52 | 27 |
| 31 Dec 21 | 784 | 70 | 52 | 26 |
| 31 Dec 20 | 502 | 48 | 39 | 19 |
| 31 Dec 19 | 413 | 41 | 43 | 18 |
| 31 Dec 18 | 367 | 21 | 45 | 17 |
Quality Earnings: 301252 has a high level of non-cash earnings.
Growing Profit Margin: 301252's current net profit margins (12.2%) are higher than last year (10.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 301252's earnings have grown significantly by 24.7% per year over the past 5 years.
Accelerating Growth: 301252's earnings growth over the past year (41.7%) exceeds its 5-year average (24.7% per year).
Earnings vs Industry: 301252 earnings growth over the past year (41.7%) exceeded the Machinery industry 4.3%.
Return on Equity
High ROE: 301252's Return on Equity (10.4%) is considered low.