Qingdao Richen FoodLtd Past Earnings Performance
Past criteria checks 4/6
Qingdao Richen FoodLtd's earnings have been declining at an average annual rate of -11.5%, while the Food industry saw earnings growing at 1.6% annually. Revenues have been growing at an average rate of 6.9% per year. Qingdao Richen FoodLtd's return on equity is 8.7%, and it has net margins of 16%.
Key information
-11.5%
Earnings growth rate
-14.9%
EPS growth rate
| Food Industry Growth | 7.2% |
| Revenue growth rate | 6.9% |
| Return on equity | 8.7% |
| Net Margin | 16.0% |
| Last Earnings Update | 30 Jun 2024 |
Revenue & Expenses Breakdown
How Qingdao Richen FoodLtd 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 Jun 24 | 384 | 61 | 61 | 13 |
| 31 Mar 24 | 371 | 59 | 61 | 13 |
| 31 Dec 23 | 359 | 56 | 60 | 13 |
| 30 Sep 23 | 341 | 51 | 59 | 13 |
| 30 Jun 23 | 326 | 49 | 59 | 12 |
| 31 Mar 23 | 314 | 48 | 59 | 12 |
| 31 Dec 22 | 309 | 51 | 56 | 11 |
| 30 Sep 22 | 331 | 66 | 55 | 12 |
| 30 Jun 22 | 338 | 73 | 52 | 12 |
| 31 Mar 22 | 343 | 80 | 51 | 12 |
| 31 Dec 21 | 339 | 81 | 52 | 11 |
| 30 Sep 21 | 319 | 78 | 46 | 11 |
| 30 Jun 21 | 302 | 79 | 45 | 10 |
| 31 Mar 21 | 287 | 81 | 41 | 10 |
| 31 Dec 20 | 263 | 81 | 35 | 10 |
| 30 Sep 20 | 268 | 89 | 37 | 9 |
| 30 Jun 20 | 270 | 85 | 40 | 9 |
| 31 Mar 20 | 277 | 85 | 40 | 9 |
| 31 Dec 19 | 286 | 85 | 40 | 10 |
| 30 Sep 19 | 273 | 80 | 39 | 10 |
| 31 Dec 18 | 238 | 70 | 31 | 8 |
| 31 Dec 17 | 209 | 56 | 30 | 7 |
| 31 Dec 16 | 157 | 33 | 28 | 7 |
| 31 Dec 15 | 131 | 26 | 30 | 0 |
| 31 Dec 14 | 123 | 23 | 28 | 0 |
Quality Earnings: 603755 has high quality earnings.
Growing Profit Margin: 603755's current net profit margins (16%) are higher than last year (15.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 603755's earnings have declined by 11.5% per year over the past 5 years.
Accelerating Growth: 603755's earnings growth over the past year (24.4%) exceeds its 5-year average (-11.5% per year).
Earnings vs Industry: 603755 earnings growth over the past year (24.4%) exceeded the Food industry -0.8%.
Return on Equity
High ROE: 603755's Return on Equity (8.7%) is considered low.