Rongcheer Industrial Technology (Suzhou) Past Earnings Performance
Past criteria checks 1/6
Rongcheer Industrial Technology (Suzhou) has been growing earnings at an average annual rate of 13.5%, while the Machinery industry saw earnings growing at 10.4% annually. Revenues have been growing at an average rate of 23.2% per year. Rongcheer Industrial Technology (Suzhou)'s return on equity is 3.9%, and it has net margins of 12.1%.
Key information
13.5%
Earnings growth rate
11.5%
EPS growth rate
| Machinery Industry Growth | 11.8% |
| Revenue growth rate | 23.2% |
| Return on equity | 3.9% |
| Net Margin | 12.1% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How Rongcheer Industrial Technology (Suzhou) 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 | 365 | 44 | 59 | 55 |
| 30 Sep 23 | 429 | 43 | 62 | 55 |
| 30 Jun 23 | 423 | 58 | 56 | 49 |
| 31 Mar 23 | 366 | 65 | 47 | 44 |
| 31 Dec 22 | 360 | 67 | 44 | 41 |
| 30 Sep 22 | 315 | 59 | 44 | 38 |
| 30 Jun 22 | 304 | 62 | 39 | 36 |
| 31 Mar 22 | 268 | 50 | 37 | 35 |
| 31 Dec 21 | 291 | 57 | 39 | 34 |
| 31 Dec 20 | 243 | 45 | 29 | 23 |
| 31 Dec 19 | 102 | 23 | 18 | 14 |
| 31 Dec 18 | 89 | 24 | 18 | 11 |
Quality Earnings: 301360 has a high level of non-cash earnings.
Growing Profit Margin: 301360's current net profit margins (12.1%) are lower than last year (18.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 301360's earnings have grown by 13.5% per year over the past 5 years.
Accelerating Growth: 301360's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 301360 had negative earnings growth (-34.5%) over the past year, making it difficult to compare to the Machinery industry average (2.3%).
Return on Equity
High ROE: 301360's Return on Equity (3.9%) is considered low.