Zhejiang Mustang BatteryLtd Past Earnings Performance
Past criteria checks 4/6
Zhejiang Mustang BatteryLtd's earnings have been declining at an average annual rate of -3.5%, while the Household Products industry saw earnings declining at 3.3% annually. Revenues have been declining at an average rate of 8.6% per year. Zhejiang Mustang BatteryLtd's return on equity is 9.4%, and it has net margins of 11.6%.
Key information
-3.5%
Earnings growth rate
-14.2%
EPS growth rate
| Household Products Industry Growth | -1.3% |
| Revenue growth rate | -8.6% |
| Return on equity | 9.4% |
| Net Margin | 11.6% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How Zhejiang Mustang BatteryLtd 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 | 1,020 | 119 | 64 | 29 |
| 31 Dec 23 | 997 | 106 | 63 | 30 |
| 30 Jun 23 | 941 | 100 | 62 | 30 |
| 31 Mar 23 | 965 | 107 | 63 | 29 |
| 31 Dec 22 | 1,020 | 99 | 64 | 32 |
| 30 Sep 22 | 1,098 | 85 | 67 | 32 |
| 30 Jun 22 | 1,121 | 73 | 70 | 34 |
| 31 Mar 22 | 1,147 | 54 | 75 | 37 |
| 31 Dec 21 | 1,187 | 76 | 78 | 35 |
| 30 Sep 21 | 1,182 | 94 | 66 | 36 |
| 30 Jun 21 | 1,223 | 117 | 66 | 36 |
| 31 Mar 21 | 1,221 | 126 | 89 | 34 |
| 31 Dec 20 | 1,099 | 118 | 81 | 32 |
| 31 Dec 19 | 991 | 123 | 74 | 29 |
| 31 Dec 18 | 1,052 | 105 | 83 | 28 |
| 31 Dec 17 | 1,078 | 54 | 94 | 26 |
| 31 Dec 16 | 898 | 134 | 75 | 24 |
Quality Earnings: 605378 has high quality earnings.
Growing Profit Margin: 605378's current net profit margins (11.6%) are higher than last year (11.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 605378's earnings have declined by 3.5% per year over the past 5 years.
Accelerating Growth: 605378's earnings growth over the past year (11%) exceeds its 5-year average (-3.5% per year).
Earnings vs Industry: 605378 earnings growth over the past year (11%) exceeded the Household Products industry 5.8%.
Return on Equity
High ROE: 605378's Return on Equity (9.4%) is considered low.