Solbar Ningbo Protein Technology Past Earnings Performance
Past criteria checks 3/6
Solbar Ningbo Protein Technology has been growing earnings at an average annual rate of 17%, while the Food industry saw earnings growing at 3.1% annually. Revenues have been declining at an average rate of 5.1% per year. Solbar Ningbo Protein Technology's return on equity is 8.4%, and it has net margins of 9.4%.
Key information
17.0%
Earnings growth rate
14.0%
EPS growth rate
| Food Industry Growth | 7.2% |
| Revenue growth rate | -5.1% |
| Return on equity | 8.4% |
| Net Margin | 9.4% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How Solbar Ningbo Protein 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 Mar 24 | 1,729 | 162 | 55 | 9 |
| 31 Dec 23 | 1,748 | 150 | 54 | 10 |
| 30 Sep 23 | 1,772 | 163 | 43 | 10 |
| 31 Dec 22 | 1,847 | 168 | 48 | 12 |
| 31 Dec 21 | 1,586 | 124 | 51 | 12 |
| 31 Dec 20 | 1,279 | 98 | 48 | 11 |
| 31 Dec 19 | 1,063 | 66 | 74 | 8 |
Quality Earnings: 603231 has high quality earnings.
Growing Profit Margin: 603231's current net profit margins (9.4%) are higher than last year (9.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 603231's earnings have grown by 17% per year over the past 5 years.
Accelerating Growth: 603231's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 603231 had negative earnings growth (-2.4%) over the past year, making it difficult to compare to the Food industry average (1.2%).
Return on Equity
High ROE: 603231's Return on Equity (8.4%) is considered low.