Wiit Past Earnings Performance
Past criteria checks 5/6
Wiit has been growing earnings at an average annual rate of 21.9%, while the IT industry saw earnings growing at 11.7% annually. Revenues have been growing at an average rate of 30.2% per year. Wiit's return on equity is 34.7%, and it has net margins of 7.9%.
Key information
21.9%
Earnings growth rate
20.9%
EPS growth rate
| IT Industry Growth | 17.7% |
| Revenue growth rate | 30.2% |
| Return on equity | 34.7% |
| Net Margin | 7.9% |
| Next Earnings Update | 07 Nov 2024 |
Recent past performance updates
No updates
Recent updates
No updates
Revenue & Expenses Breakdown
How Wiit 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 |
|---|---|---|---|---|
| 30 Jun 24 | 139 | 11 | 1 | 0 |
| 31 Mar 24 | 132 | 9 | 1 | 0 |
| 31 Dec 23 | 130 | 8 | 1 | 0 |
| 30 Sep 23 | 130 | 9 | 1 | 0 |
| 30 Jun 23 | 129 | 7 | 1 | 0 |
| 31 Mar 23 | 124 | 7 | 1 | 0 |
| 31 Dec 22 | 119 | 8 | 1 | 0 |
| 30 Sep 22 | 109 | 1 | 0 | 0 |
| 30 Jun 22 | 97 | 1 | 0 | 0 |
| 31 Mar 22 | 86 | -1 | 0 | 0 |
| 31 Dec 21 | 77 | -1 | 0 | 0 |
| 30 Sep 21 | 70 | 3 | 0 | 0 |
| 30 Jun 21 | 64 | 1 | 0 | 0 |
| 31 Mar 21 | 59 | 3 | 0 | 0 |
| 31 Dec 20 | 53 | 2 | 0 | 0 |
| 30 Sep 20 | 45 | 3 | 0 | 0 |
| 30 Jun 20 | 42 | 5 | 0 | 0 |
| 31 Mar 20 | 38 | 5 | 0 | 0 |
| 31 Dec 19 | 34 | 5 | 0 | 0 |
| 30 Sep 19 | 32 | 5 | 0 | 0 |
| 30 Jun 19 | 29 | 5 | 0 | 0 |
| 31 Dec 18 | 25 | 3 | 0 | 0 |
| 30 Sep 18 | 22 | 4 | 1 | 0 |
| 30 Jun 18 | 20 | 3 | 1 | 0 |
| 31 Dec 17 | 19 | 3 | 1 | 0 |
| 30 Sep 17 | 17 | 2 | 0 | 0 |
| 30 Jun 17 | 17 | 2 | 1 | 0 |
| 31 Mar 17 | 16 | 1 | 1 | 0 |
| 31 Dec 16 | 15 | 1 | 1 | 0 |
| 31 Dec 15 | 12 | 0 | 1 | 0 |
| 31 Dec 14 | 12 | 1 | 1 | 0 |
Quality Earnings: WIITM has high quality earnings.
Growing Profit Margin: WIITM's current net profit margins (7.9%) are higher than last year (5.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: WIITM's earnings have grown significantly by 21.9% per year over the past 5 years.
Accelerating Growth: WIITM's earnings growth over the past year (50.8%) exceeds its 5-year average (21.9% per year).
Earnings vs Industry: WIITM earnings growth over the past year (50.8%) exceeded the IT industry -0.2%.
Return on Equity
High ROE: Whilst WIITM's Return on Equity (34.71%) is high, this metric is skewed due to their high level of debt.