Trident Royalties Past Earnings Performance
Past criteria checks 2/6
Trident Royalties's earnings have been declining at an average annual rate of -0.6%, while the Metals and Mining industry saw earnings growing at 11% annually. Revenues have been growing at an average rate of 69.4% per year. Trident Royalties's return on equity is 2.2%, and it has net margins of 25.1%.
Key information
-0.6%
Earnings growth rate
38.6%
EPS growth rate
| Metals and Mining Industry Growth | 19.6% |
| Revenue growth rate | 69.4% |
| Return on equity | 2.2% |
| Net Margin | 25.1% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Trident Royalties 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 Dec 23 | 10 | 2 | 5 | 0 |
| 30 Sep 23 | 9 | 2 | 5 | 0 |
| 30 Jun 23 | 9 | 1 | 4 | 0 |
| 31 Mar 23 | 9 | -1 | 4 | 0 |
| 31 Dec 22 | 8 | -4 | 4 | 0 |
| 30 Sep 22 | 5 | -3 | 4 | 0 |
| 30 Jun 22 | 3 | -3 | 4 | 0 |
| 31 Mar 22 | 2 | -3 | 3 | 0 |
| 31 Dec 21 | 0 | -4 | 3 | 0 |
| 30 Sep 21 | 0 | -1 | 3 | 0 |
| 30 Jun 21 | 1 | 1 | 3 | 0 |
| 31 Mar 21 | 1 | 2 | 2 | 0 |
| 31 Dec 20 | 2 | 2 | 2 | 0 |
| 30 Jun 20 | 1 | -1 | 1 | 0 |
| 31 Mar 20 | 0 | -1 | 1 | 0 |
| 31 Dec 19 | 0 | -1 | 0 | 0 |
| 31 Oct 19 | 0 | -1 | 0 | 0 |
| 31 Jul 19 | 0 | 0 | 0 | 0 |
Quality Earnings: TRR has a large one-off gain of $7.5M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: TRR became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TRR has become profitable over the past 5 years, growing earnings by -0.6% per year.
Accelerating Growth: TRR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: TRR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-14.3%).
Return on Equity
High ROE: TRR's Return on Equity (2.2%) is considered low.