Golden Ocean Group Past Earnings Performance
Past criteria checks 4/6
Golden Ocean Group has been growing earnings at an average annual rate of 31.8%, while the Shipping industry saw earnings growing at 38.6% annually. Revenues have been growing at an average rate of 9.9% per year. Golden Ocean Group's return on equity is 11.1%, and it has net margins of 22%.
Key information
31.8%
Earnings growth rate
30.9%
EPS growth rate
| Shipping Industry Growth | 41.6% |
| Revenue growth rate | 9.9% |
| Return on equity | 11.1% |
| Net Margin | 22.0% |
| Next Earnings Update | 27 Nov 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Golden Ocean 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 |
|---|---|---|---|---|
| 30 Jun 24 | 973 | 214 | 22 | 0 |
| 31 Mar 24 | 936 | 186 | 22 | 0 |
| 31 Dec 23 | 886 | 112 | 19 | 0 |
| 30 Sep 23 | 881 | 123 | 19 | 0 |
| 30 Jun 23 | 942 | 199 | 19 | 0 |
| 31 Mar 23 | 1,045 | 328 | 19 | 0 |
| 31 Dec 22 | 1,113 | 462 | 20 | 0 |
| 30 Sep 22 | 1,239 | 597 | 20 | 0 |
| 30 Jun 22 | 1,345 | 688 | 20 | 0 |
| 31 Mar 22 | 1,307 | 629 | 19 | 0 |
| 31 Dec 21 | 1,201 | 527 | 18 | 0 |
| 30 Sep 21 | 994 | 349 | 17 | 0 |
| 30 Jun 21 | 792 | 193 | 16 | 0 |
| 31 Mar 21 | 628 | 47 | 15 | 0 |
| 31 Dec 20 | 611 | -138 | 14 | 0 |
| 30 Sep 20 | 683 | -122 | 14 | 0 |
| 30 Jun 20 | 716 | -124 | 14 | 0 |
| 31 Mar 20 | 719 | -116 | 14 | 0 |
| 31 Dec 19 | 705 | 37 | 14 | 0 |
| 30 Sep 19 | 642 | 20 | 14 | 0 |
| 30 Jun 19 | 612 | 18 | 14 | 0 |
| 31 Mar 19 | 638 | 60 | 15 | 0 |
| 31 Dec 18 | 659 | 85 | 15 | 0 |
| 30 Sep 18 | 633 | 88 | 14 | 0 |
| 30 Jun 18 | 571 | 53 | 14 | 0 |
| 31 Mar 18 | 528 | 32 | 14 | 0 |
| 31 Dec 17 | 464 | -2 | 13 | 0 |
| 30 Sep 17 | 399 | -23 | 12 | 0 |
| 30 Jun 17 | 342 | -50 | 12 | 0 |
| 31 Mar 17 | 297 | -77 | 12 | 0 |
| 31 Dec 16 | 258 | -128 | 15 | 0 |
| 30 Sep 16 | 228 | -203 | 20 | 0 |
| 30 Jun 16 | 223 | -217 | 20 | 0 |
| 31 Mar 16 | 217 | -212 | 21 | 0 |
| 31 Dec 15 | 190 | -221 | 17 | 0 |
| 30 Sep 15 | 149 | -146 | 11 | 0 |
| 30 Jun 15 | 103 | -112 | 9 | 0 |
| 31 Mar 15 | 74 | -72 | 5 | 0 |
| 31 Dec 14 | 76 | 16 | 5 | 0 |
| 31 Dec 13 | 38 | 4 | 5 | 0 |
Quality Earnings: 0RII has high quality earnings.
Growing Profit Margin: 0RII's current net profit margins (22%) are higher than last year (21.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 0RII's earnings have grown significantly by 31.8% per year over the past 5 years.
Accelerating Growth: 0RII's earnings growth over the past year (7.7%) is below its 5-year average (31.8% per year).
Earnings vs Industry: 0RII earnings growth over the past year (7.7%) exceeded the Shipping industry -34%.
Return on Equity
High ROE: 0RII's Return on Equity (11.1%) is considered low.