Ningbo Ocean Shipping Past Earnings Performance
Past criteria checks 1/6
Ningbo Ocean Shipping has been growing earnings at an average annual rate of 15.9%, while the Shipping industry saw earnings growing at 15.6% annually. Revenues have been declining at an average rate of 7.9% per year. Ningbo Ocean Shipping's return on equity is 9.1%, and it has net margins of 11.4%.
Key information
15.9%
Earnings growth rate
1.6%
EPS growth rate
| Shipping Industry Growth | 23.8% |
| Revenue growth rate | -7.9% |
| Return on equity | 9.1% |
| Net Margin | 11.4% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How Ningbo Ocean Shipping 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 | 4,518 | 514 | 159 | 8 |
| 31 Dec 23 | 4,469 | 504 | 158 | 7 |
| 30 Sep 23 | 4,601 | 516 | 168 | 2 |
| 30 Jun 23 | 4,731 | 585 | 162 | 2 |
| 31 Mar 23 | 4,906 | 695 | 155 | 0 |
| 31 Dec 22 | 4,769 | 670 | 150 | 0 |
| 30 Sep 22 | 4,574 | 704 | 148 | 0 |
| 31 Mar 22 | 3,944 | 556 | 138 | 0 |
| 31 Dec 21 | 3,814 | 521 | 135 | 0 |
| 31 Dec 20 | 3,032 | 304 | 114 | 0 |
| 31 Dec 19 | 5,114 | 185 | 115 | 0 |
| 31 Dec 18 | 4,689 | 142 | 111 | 0 |
Quality Earnings: 601022 has a high level of non-cash earnings.
Growing Profit Margin: 601022's current net profit margins (11.4%) are lower than last year (14.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 601022's earnings have grown by 15.9% per year over the past 5 years.
Accelerating Growth: 601022's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 601022 had negative earnings growth (-26%) over the past year, making it difficult to compare to the Shipping industry average (-26%).
Return on Equity
High ROE: 601022's Return on Equity (9.1%) is considered low.