Offshore Oil EngineeringLtd Past Earnings Performance
Past criteria checks 2/6
Offshore Oil EngineeringLtd has been growing earnings at an average annual rate of 43%, while the Energy Services industry saw earnings growing at 11.6% annually. Revenues have been growing at an average rate of 17.5% per year. Offshore Oil EngineeringLtd's return on equity is 7.2%, and it has net margins of 6.6%.
Key information
43.0%
Earnings growth rate
42.9%
EPS growth rate
| Energy Services Industry Growth | 12.1% |
| Revenue growth rate | 17.5% |
| Return on equity | 7.2% |
| Net Margin | 6.6% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Offshore Oil EngineeringLtd (SHSE:600583) Could Easily Take On More Debt
Oct 09
Is There An Opportunity With Offshore Oil Engineering Co.,Ltd's (SHSE:600583) 26% Undervaluation?
Sep 03Insufficient Growth At Offshore Oil Engineering Co.,Ltd (SHSE:600583) Hampers Share Price
Jul 21These 4 Measures Indicate That Offshore Oil EngineeringLtd (SHSE:600583) Is Using Debt Safely
Jul 02Returns At Offshore Oil EngineeringLtd (SHSE:600583) Are On The Way Up
Jun 11Offshore Oil EngineeringLtd's (SHSE:600583) Earnings May Just Be The Starting Point
Mar 25Earnings Miss: Offshore Oil Engineering Co.,Ltd Missed EPS By 9.9% And Analysts Are Revising Their Forecasts
Mar 20Offshore Oil Engineering Co.,Ltd's (SHSE:600583) Price Is Right But Growth Is Lacking After Shares Rocket 29%
Mar 06Revenue & Expenses Breakdown
How Offshore Oil EngineeringLtd 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 |
|---|---|---|---|---|
| 30 Sep 24 | 30,215 | 1,993 | 476 | 1,020 |
| 30 Jun 24 | 29,740 | 1,834 | 463 | 952 |
| 31 Mar 24 | 30,027 | 1,647 | 559 | 957 |
| 31 Dec 23 | 30,752 | 1,621 | 561 | 1,186 |
| 30 Sep 23 | 30,846 | 1,997 | 365 | 1,105 |
| 30 Jun 23 | 32,066 | 1,960 | 348 | 1,449 |
| 31 Mar 23 | 31,401 | 1,789 | 299 | 1,301 |
| 31 Dec 22 | 29,358 | 1,459 | 301 | 1,122 |
| 30 Sep 22 | 27,323 | 656 | 279 | 1,205 |
| 30 Jun 22 | 24,059 | 453 | 325 | 831 |
| 31 Mar 22 | 21,058 | 368 | 300 | 862 |
| 31 Dec 21 | 19,795 | 370 | 280 | 929 |
| 30 Sep 21 | 17,941 | 833 | 372 | 980 |
| 30 Jun 21 | 18,847 | 1,007 | 294 | 958 |
| 31 Mar 21 | 18,652 | 788 | 269 | 920 |
| 31 Dec 20 | 17,863 | 363 | 281 | 977 |
| 30 Sep 20 | 18,515 | 743 | 273 | 1,137 |
| 30 Jun 20 | 16,638 | 498 | 292 | 1,106 |
| 31 Mar 20 | 15,218 | -16 | 296 | 1,018 |
| 31 Dec 19 | 14,710 | 28 | 291 | 870 |
| 30 Sep 19 | 12,465 | -416 | 304 | 644 |
| 30 Jun 19 | 12,036 | -452 | 323 | 662 |
| 31 Mar 19 | 11,590 | 179 | 313 | 673 |
| 31 Dec 18 | 11,052 | 80 | 314 | 667 |
| 30 Sep 18 | 10,056 | 49 | 300 | 526 |
| 30 Jun 18 | 9,650 | 109 | 301 | 418 |
| 31 Mar 18 | 10,110 | 301 | 269 | 651 |
| 31 Dec 17 | 10,253 | 491 | 279 | 618 |
| 30 Sep 17 | 10,796 | 500 | 497 | 392 |
| 30 Jun 17 | 11,074 | 645 | 677 | 316 |
| 31 Mar 17 | 11,770 | 647 | 918 | 0 |
| 31 Dec 16 | 11,992 | 1,315 | 941 | 0 |
| 30 Sep 16 | 14,117 | 2,542 | 1,140 | 0 |
| 30 Jun 16 | 14,362 | 2,724 | 1,236 | 0 |
| 31 Mar 16 | 15,551 | 3,672 | 1,141 | 0 |
| 31 Dec 15 | 16,202 | 3,410 | 1,184 | 0 |
| 30 Sep 15 | 16,854 | 3,660 | 1,250 | 0 |
| 30 Jun 15 | 19,176 | 4,092 | 1,368 | 0 |
| 31 Mar 15 | 21,217 | 4,187 | 1,475 | 0 |
| 31 Dec 14 | 22,031 | 4,267 | 1,466 | 0 |
| 30 Sep 14 | 22,719 | 4,007 | 1,432 | 0 |
| 30 Jun 14 | 22,773 | 3,655 | 1,270 | 0 |
| 31 Mar 14 | 20,901 | 2,804 | 1,096 | 0 |
| 31 Dec 13 | 20,339 | 2,744 | 1,110 | 0 |
Quality Earnings: 600583 has a large one-off gain of CN¥445.9M impacting its last 12 months of financial results to 30th September, 2024.
Growing Profit Margin: 600583's current net profit margins (6.6%) are higher than last year (6.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 600583 has become profitable over the past 5 years, growing earnings by 43% per year.
Accelerating Growth: 600583's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 600583 had negative earnings growth (-0.2%) over the past year, making it difficult to compare to the Energy Services industry average (7.6%).
Return on Equity
High ROE: 600583's Return on Equity (7.2%) is considered low.