Red Avenue New Materials Group Past Earnings Performance
Past criteria checks 4/6
Red Avenue New Materials Group's earnings have been declining at an average annual rate of -0.8%, while the Chemicals industry saw earnings growing at 8.4% annually. Revenues have been growing at an average rate of 6.9% per year. Red Avenue New Materials Group's return on equity is 13.3%, and it has net margins of 15.3%.
Key information
-0.8%
Earnings growth rate
-1.4%
EPS growth rate
| Chemicals Industry Growth | 12.1% |
| Revenue growth rate | 6.9% |
| Return on equity | 13.3% |
| Net Margin | 15.3% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How Red Avenue New Materials Group 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 | 3,060 | 468 | 278 | 187 |
| 31 Dec 23 | 2,944 | 407 | 267 | 180 |
| 30 Sep 23 | 2,849 | 408 | 254 | 177 |
| 30 Jun 23 | 2,693 | 337 | 255 | 170 |
| 31 Mar 23 | 2,594 | 309 | 238 | 163 |
| 31 Dec 22 | 2,500 | 298 | 245 | 158 |
| 30 Sep 22 | 2,453 | 291 | 226 | 164 |
| 30 Jun 22 | 2,325 | 274 | 212 | 158 |
| 31 Mar 22 | 2,318 | 253 | 217 | 156 |
| 31 Dec 21 | 2,320 | 327 | 211 | 147 |
| 30 Sep 21 | 2,260 | 357 | 174 | 117 |
| 30 Jun 21 | 2,275 | 468 | 166 | 103 |
| 31 Mar 21 | 2,163 | 492 | 164 | 86 |
| 31 Dec 20 | 2,046 | 410 | 163 | 83 |
| 30 Sep 20 | 2,070 | 332 | 213 | 74 |
| 30 Jun 20 | 2,025 | 277 | 216 | 78 |
| 31 Mar 20 | 2,150 | 292 | 224 | 93 |
| 31 Dec 19 | 2,208 | 331 | 228 | 90 |
| 30 Sep 19 | 2,183 | 418 | 229 | 102 |
| 30 Jun 19 | 2,219 | 425 | 225 | 100 |
| 31 Mar 19 | 2,188 | 405 | 215 | 94 |
| 31 Dec 18 | 2,175 | 412 | 208 | 93 |
| 30 Sep 18 | 2,138 | 414 | 205 | 90 |
| 30 Jun 18 | 2,108 | 387 | 193 | 78 |
| 31 Mar 18 | 1,948 | 351 | 222 | 89 |
| 31 Dec 17 | 1,901 | 315 | 180 | 70 |
| 31 Dec 16 | 1,733 | 263 | 245 | 0 |
| 31 Dec 15 | 1,560 | 77 | 363 | 0 |
| 31 Dec 14 | 1,788 | 144 | 242 | 0 |
Quality Earnings: 603650 has high quality earnings.
Growing Profit Margin: 603650's current net profit margins (15.3%) are higher than last year (11.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 603650's earnings have declined by 0.8% per year over the past 5 years.
Accelerating Growth: 603650's earnings growth over the past year (51.5%) exceeds its 5-year average (-0.8% per year).
Earnings vs Industry: 603650 earnings growth over the past year (51.5%) exceeded the Chemicals industry -18.9%.
Return on Equity
High ROE: 603650's Return on Equity (13.3%) is considered low.