Mingxin Automotive Leather Past Earnings Performance
Past criteria checks 0/6
Mingxin Automotive Leather's earnings have been declining at an average annual rate of -34.1%, while the Luxury industry saw earnings growing at 1.3% annually. Revenues have been growing at an average rate of 5.6% per year. Mingxin Automotive Leather's return on equity is 4%, and it has net margins of 7.5%.
Key information
-34.1%
Earnings growth rate
-41.3%
EPS growth rate
| Luxury Industry Growth | 2.8% |
| Revenue growth rate | 5.6% |
| Return on equity | 4.0% |
| Net Margin | 7.5% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How Mingxin Automotive Leather 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 | 981 | 74 | 101 | 91 |
| 31 Dec 23 | 906 | 55 | 96 | 88 |
| 30 Sep 23 | 948 | 84 | 88 | 92 |
| 30 Jun 23 | 945 | 103 | 92 | 93 |
| 31 Mar 23 | 870 | 78 | 85 | 98 |
| 31 Dec 22 | 856 | 101 | 75 | 99 |
| 30 Sep 22 | 780 | 76 | 78 | 104 |
| 30 Jun 22 | 728 | 75 | 69 | 97 |
| 31 Mar 22 | 752 | 108 | 67 | 94 |
| 31 Dec 21 | 821 | 163 | 69 | 86 |
| 30 Sep 21 | 815 | 204 | 62 | 85 |
| 30 Jun 21 | 836 | 226 | 60 | 87 |
| 31 Mar 21 | 886 | 257 | 66 | 76 |
| 31 Dec 20 | 808 | 221 | 61 | 70 |
| 31 Dec 19 | 658 | 179 | 48 | 42 |
| 31 Dec 18 | 570 | 108 | 37 | 41 |
| 31 Dec 17 | 551 | 95 | 37 | 33 |
| 31 Dec 16 | 469 | 55 | 38 | 27 |
Quality Earnings: 605068 has a high level of non-cash earnings.
Growing Profit Margin: 605068's current net profit margins (7.5%) are lower than last year (8.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 605068's earnings have declined by 34.1% per year over the past 5 years.
Accelerating Growth: 605068's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 605068 had negative earnings growth (-5%) over the past year, making it difficult to compare to the Luxury industry average (16.9%).
Return on Equity
High ROE: 605068's Return on Equity (4%) is considered low.