Harmony Energy Income Trust Past Earnings Performance
Past criteria checks 1/6
Harmony Energy Income Trust's earnings have been declining at an average annual rate of -93%, while the Capital Markets industry saw earnings growing at 14.7% annually. Revenues have been declining at an average rate of 86.3% per year. Harmony Energy Income Trust's return on equity is 1.2%, and it has net margins of 47.4%.
Key information
-93.0%
Earnings growth rate
-93.4%
EPS growth rate
| Capital Markets Industry Growth | 16.3% |
| Revenue growth rate | -86.3% |
| Return on equity | 1.2% |
| Net Margin | 47.4% |
| Last Earnings Update | 31 Oct 2023 |
Revenue & Expenses BreakdownBeta
How Harmony Energy Income Trust 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 Oct 23 | 7 | 3 | 3 | 0 |
| 30 Apr 23 | 24 | 20 | 4 | 0 |
| 31 Oct 22 | 48 | 45 | 3 | 0 |
Quality Earnings: HEIT has high quality earnings.
Growing Profit Margin: HEIT's current net profit margins (47.4%) are lower than last year (92.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: Unable to establish if HEIT's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
Accelerating Growth: Unable to compare HEIT's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.
Earnings vs Industry: HEIT had negative earnings growth (-93%) over the past year, making it difficult to compare to the Capital Markets industry average (-9.1%).
Return on Equity
High ROE: HEIT's Return on Equity (1.2%) is considered low.