First Tractor Past Earnings Performance
Past criteria checks 3/6
First Tractor has been growing earnings at an average annual rate of 39.4%, while the Machinery industry saw earnings growing at 8.9% annually. Revenues have been growing at an average rate of 15.5% per year. First Tractor's return on equity is 12.7%, and it has net margins of 8.4%.
Key information
39.4%
Earnings growth rate
37.8%
EPS growth rate
| Machinery Industry Growth | 7.7% |
| Revenue growth rate | 15.5% |
| Return on equity | 12.7% |
| Net Margin | 8.4% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
First Tractor's (HKG:38) Profits Appear To Have Quality Issues
Nov 05
Sentiment Still Eluding First Tractor Company Limited (HKG:38)
Oct 25Returns On Capital Are Showing Encouraging Signs At First Tractor (HKG:38)
Oct 03Potential Upside For First Tractor Company Limited (HKG:38) Not Without Risk
Jul 27First Tractor (HKG:38) Shareholders Will Want The ROCE Trajectory To Continue
May 13Investors Still Aren't Entirely Convinced By First Tractor Company Limited's (HKG:38) Earnings Despite 34% Price Jump
Apr 28Is First Tractor (HKG:38) Using Too Much Debt?
Apr 17We Think You Should Be Aware Of Some Concerning Factors In First Tractor's (HKG:38) Earnings
Apr 03Here's Why We Think First Tractor (HKG:38) Might Deserve Your Attention Today
Mar 20First Tractor Company Limited's (HKG:38) Shares Leap 25% Yet They're Still Not Telling The Full Story
Feb 19Is There Now An Opportunity In First Tractor Company Limited (HKG:38)?
Jan 31First Tractor (HKG:38) Has A Rock Solid Balance Sheet
Jan 16We Ran A Stock Scan For Earnings Growth And First Tractor (HKG:38) Passed With Ease
Nov 28First Tractor (HKG:38) Is Experiencing Growth In Returns On Capital
Aug 30We Like These Underlying Return On Capital Trends At First Tractor (HKG:38)
May 04There's Been No Shortage Of Growth Recently For First Tractor's (HKG:38) Returns On Capital
Sep 30Is First Tractor (HKG:38) Using Too Much Debt?
Apr 28The Return Trends At First Tractor (HKG:38) Look Promising
Jan 05First Tractor (HKG:38) Seems To Use Debt Rather Sparingly
Dec 13Investors Will Want First Tractor's (HKG:38) Growth In ROCE To Persist
Aug 13With EPS Growth And More, First Tractor (HKG:38) Is Interesting
Jul 26First Tractor (HKG:38) Could Easily Take On More Debt
May 30Investors Will Want First Tractor's (HKG:38) Growth In ROCE To Persist
May 11The Case For First Tractor Company Limited (HKG:38): Could It Be A Nice Addition To Your Dividend Portfolio?
Apr 26Is First Tractor (HKG:38) Using Debt In A Risky Way?
Jan 18
Here's Why We Don't Think First Tractor's (HKG:38) Statutory Earnings Reflect Its Underlying Earnings Potential
Dec 20Are Institutions Heavily Invested In First Tractor Company Limited's (HKG:38) Shares?
Nov 24Revenue & Expenses Breakdown
How First Tractor 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 Sep 24 | 12,018 | 1,013 | 563 | 489 |
| 30 Jun 24 | 12,092 | 1,148 | 566 | 486 |
| 31 Mar 24 | 11,995 | 1,111 | 595 | 474 |
| 31 Dec 23 | 11,534 | 997 | 583 | 461 |
| 30 Sep 23 | 12,495 | 970 | 627 | 478 |
| 30 Jun 23 | 13,182 | 854 | 651 | 523 |
| 31 Mar 23 | 12,510 | 686 | 657 | 524 |
| 31 Dec 22 | 12,564 | 681 | 698 | 529 |
| 30 Sep 22 | 11,424 | 565 | 799 | 474 |
| 30 Jun 22 | 10,332 | 508 | 815 | 414 |
| 31 Mar 22 | 10,334 | 531 | 753 | 419 |
| 31 Dec 21 | 9,334 | 438 | 742 | 415 |
| 30 Sep 21 | 9,350 | 472 | 502 | 371 |
| 30 Jun 21 | 9,098 | 468 | 734 | 371 |
| 30 Mar 21 | 8,734 | 470 | 639 | 355 |
| 31 Dec 20 | 7,582 | 280 | 918 | 339 |
| 30 Sep 20 | 7,097 | 469 | 1,026 | 363 |
| 30 Jun 20 | 6,521 | 365 | 774 | 355 |
| 31 Mar 20 | 5,786 | 215 | 912 | 353 |
| 31 Dec 19 | 5,830 | 61 | 666 | 357 |
| 30 Sep 19 | 5,932 | -833 | 1,066 | 371 |
| 30 Jun 19 | 5,526 | -1,136 | 1,126 | 373 |
| 31 Mar 19 | 5,464 | -1,303 | 1,160 | 369 |
| 31 Dec 18 | 5,682 | -1,300 | 1,204 | 378 |
| 30 Sep 18 | 6,171 | -414 | 831 | 354 |
| 30 Jun 18 | 6,675 | -121 | 666 | 548 |
| 31 Mar 18 | 7,027 | 40 | 804 | 468 |
| 31 Dec 17 | 7,358 | 57 | 910 | 386 |
| 30 Sep 17 | 7,520 | 51 | 978 | 283 |
| 30 Jun 17 | 7,975 | 104 | 1,245 | 0 |
| 31 Mar 17 | 8,484 | 201 | 1,276 | 0 |
| 31 Dec 16 | 8,869 | 230 | 1,304 | 0 |
| 30 Sep 16 | 8,774 | 174 | 1,401 | 0 |
| 30 Jun 16 | 9,106 | 145 | 1,315 | 0 |
| 31 Mar 16 | 9,663 | 137 | 1,439 | 0 |
| 31 Dec 15 | 9,655 | 135 | 1,439 | 0 |
| 30 Sep 15 | 9,505 | 249 | 1,425 | 0 |
| 30 Jun 15 | 9,262 | 204 | 1,485 | 0 |
| 31 Mar 15 | 8,990 | 159 | 1,393 | 0 |
| 31 Dec 14 | 9,027 | 168 | 1,425 | 0 |
| 30 Sep 14 | 9,687 | 106 | 1,406 | 0 |
| 30 Jun 14 | 9,897 | 153 | 1,416 | 0 |
| 31 Mar 14 | 11,053 | 218 | 1,410 | 0 |
| 31 Dec 13 | 11,058 | 227 | 1,321 | 0 |
Quality Earnings: 38 has high quality earnings.
Growing Profit Margin: 38's current net profit margins (8.4%) are higher than last year (7.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 38 has become profitable over the past 5 years, growing earnings by 39.4% per year.
Accelerating Growth: 38's earnings growth over the past year (4.4%) is below its 5-year average (39.4% per year).
Earnings vs Industry: 38 earnings growth over the past year (4.4%) did not outperform the Machinery industry 7.2%.
Return on Equity
High ROE: 38's Return on Equity (12.7%) is considered low.