Launch Tech Past Earnings Performance
Past criteria checks 2/6
Launch Tech has been growing earnings at an average annual rate of 51.8%, while the Auto Components industry saw earnings growing at 4.1% annually. Revenues have been growing at an average rate of 8.6% per year. Launch Tech's return on equity is 15.7%, and it has net margins of 10.6%.
Key information
51.8%
Earnings growth rate
52.1%
EPS growth rate
| Auto Components Industry Growth | 1.8% |
| Revenue growth rate | 8.6% |
| Return on equity | 15.7% |
| Net Margin | 10.6% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Launch Tech's (HKG:2488) Conservative Accounting Might Explain Soft Earnings
Apr 04
Launch Tech (HKG:2488) Strong Profits May Be Masking Some Underlying Issues
Apr 06Recent updates
Launch Tech's (HKG:2488) Conservative Accounting Might Explain Soft Earnings
Apr 04Launch Tech Company Limited's (HKG:2488) Shares Bounce 68% But Its Business Still Trails The Market
Apr 02Launch Tech (HKG:2488) Has More To Do To Multiply In Value Going Forward
Mar 01Launch Tech's (HKG:2488) Returns Have Hit A Wall
Nov 22Some Investors May Be Worried About Launch Tech's (HKG:2488) Returns On Capital
Jul 11Here's Why Launch Tech (HKG:2488) Can Manage Its Debt Responsibly
Jun 05Launch Tech (HKG:2488) Strong Profits May Be Masking Some Underlying Issues
Apr 06Launch Tech (HKG:2488) Will Be Hoping To Turn Its Returns On Capital Around
Mar 30Returns On Capital Signal Tricky Times Ahead For Launch Tech (HKG:2488)
Dec 06There Are Reasons To Feel Uneasy About Launch Tech's (HKG:2488) Returns On Capital
Sep 01What Kind Of Shareholders Hold The Majority In Launch Tech Company Limited's (HKG:2488) Shares?
Mar 17How Much is Launch Tech's (HKG:2488) CEO Getting Paid?
Dec 02Revenue & Expenses BreakdownBeta
How Launch Tech 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 | 1,598 | 169 | 324 | 172 |
| 30 Sep 23 | 1,474 | 260 | 280 | 178 |
| 30 Jun 23 | 1,349 | 352 | 236 | 183 |
| 31 Mar 23 | 1,263 | 340 | 212 | 185 |
| 31 Dec 22 | 1,177 | 328 | 187 | 187 |
| 30 Sep 22 | 1,215 | 207 | 200 | 183 |
| 30 Jun 22 | 1,253 | 87 | 212 | 179 |
| 31 Mar 22 | 1,299 | 90 | 215 | 188 |
| 31 Dec 21 | 1,345 | 92 | 218 | 197 |
| 30 Sep 21 | 1,332 | 22 | 258 | 233 |
| 30 Jun 21 | 1,320 | -48 | 297 | 270 |
| 31 Mar 21 | 1,194 | -84 | 297 | 269 |
| 31 Dec 20 | 1,069 | -120 | 296 | 268 |
| 30 Sep 20 | 989 | -161 | 280 | 283 |
| 30 Jun 20 | 908 | -202 | 264 | 298 |
| 31 Mar 20 | 925 | -169 | 265 | 279 |
| 01 Jan 20 | 942 | -137 | 266 | 260 |
| 01 Oct 19 | 996 | -30 | 211 | 240 |
| 30 Jun 19 | 1,050 | 77 | 156 | 221 |
| 31 Mar 19 | 1,049 | 68 | 189 | 189 |
| 01 Jan 19 | 1,049 | 59 | 222 | 156 |
| 01 Oct 18 | 981 | 48 | 223 | 140 |
| 30 Jun 18 | 914 | 37 | 224 | 123 |
| 31 Mar 18 | 946 | 49 | 214 | 123 |
| 31 Dec 17 | 978 | 60 | 204 | 123 |
| 30 Sep 17 | 952 | 72 | 254 | 62 |
| 30 Jun 17 | 926 | 84 | 304 | 0 |
| 31 Mar 17 | 881 | 53 | 324 | 0 |
| 31 Dec 16 | 835 | 21 | 344 | 0 |
| 30 Sep 16 | 796 | -32 | 355 | 0 |
| 30 Jun 16 | 757 | -86 | 366 | 0 |
| 31 Mar 16 | 727 | -90 | 360 | 0 |
| 31 Dec 15 | 698 | -94 | 354 | 0 |
| 30 Sep 15 | 703 | -86 | 319 | 0 |
| 30 Jun 15 | 707 | -78 | 285 | 0 |
| 31 Mar 15 | 719 | -63 | 265 | 0 |
| 31 Dec 14 | 731 | -47 | 244 | 0 |
| 30 Sep 14 | 724 | -19 | 235 | 0 |
| 30 Jun 14 | 716 | 9 | 226 | 0 |
| 31 Mar 14 | 697 | 8 | 211 | 0 |
| 31 Dec 13 | 678 | 7 | 196 | 0 |
| 30 Sep 13 | 628 | -41 | 196 | 0 |
| 30 Jun 13 | 577 | -89 | 196 | 0 |
Quality Earnings: 2488 has high quality earnings.
Growing Profit Margin: 2488's current net profit margins (10.6%) are lower than last year (27.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 2488's earnings have grown significantly by 51.8% per year over the past 5 years.
Accelerating Growth: 2488's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 2488 had negative earnings growth (-48.5%) over the past year, making it difficult to compare to the Auto Components industry average (1.4%).
Return on Equity
High ROE: 2488's Return on Equity (15.7%) is considered low.