Midea Group Past Earnings Performance
Past criteria checks 4/6
Midea Group has been growing earnings at an average annual rate of 8.9%, while the Consumer Durables industry saw earnings growing at 3.6% annually. Revenues have been growing at an average rate of 8.2% per year. Midea Group's return on equity is 17.1%, and it has net margins of 9.4%.
Key information
8.9%
Earnings growth rate
8.8%
EPS growth rate
| Consumer Durables Industry Growth | 3.5% |
| Revenue growth rate | 8.2% |
| Return on equity | 17.1% |
| Net Margin | 9.4% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
No updates
Recent updates
No updates
Revenue & Expenses Breakdown
How Midea 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 Sep 24 | 399,902 | 37,635 | 55,373 | 15,971 |
| 30 Jun 24 | 392,324 | 36,198 | 53,788 | 15,635 |
| 31 Mar 24 | 381,877 | 34,612 | 51,305 | 14,896 |
| 31 Dec 23 | 372,038 | 33,654 | 48,582 | 14,583 |
| 30 Sep 23 | 364,662 | 32,738 | 46,185 | 13,716 |
| 30 Jun 23 | 358,246 | 31,743 | 44,055 | 13,364 |
| 31 Mar 23 | 349,800 | 30,354 | 42,122 | 12,974 |
| 31 Dec 22 | 343,918 | 29,490 | 40,799 | 12,619 |
| 30 Sep 22 | 350,259 | 29,506 | 39,871 | 12,166 |
| 30 Jun 22 | 350,086 | 29,489 | 40,516 | 12,565 |
| 31 Mar 22 | 349,111 | 29,201 | 40,352 | 12,422 |
| 31 Dec 21 | 341,234 | 28,491 | 39,000 | 12,015 |
| 30 Sep 21 | 328,803 | 28,595 | 34,481 | 12,168 |
| 30 Jun 21 | 318,964 | 28,199 | 34,114 | 11,023 |
| 31 Mar 21 | 308,712 | 28,816 | 34,018 | 10,561 |
| 31 Dec 20 | 284,222 | 27,158 | 32,967 | 10,119 |
| 30 Sep 20 | 274,059 | 24,872 | 37,224 | 9,360 |
| 30 Jun 20 | 263,514 | 22,846 | 37,498 | 9,514 |
| 31 Mar 20 | 261,024 | 22,852 | 40,231 | 9,510 |
| 31 Dec 19 | 278,217 | 24,170 | 44,213 | 9,638 |
| 30 Sep 19 | 274,827 | 23,623 | 44,902 | 9,022 |
| 30 Jun 19 | 270,812 | 22,457 | 44,223 | 9,013 |
| 31 Mar 19 | 265,134 | 21,080 | 43,340 | 8,644 |
| 31 Dec 18 | 259,665 | 20,207 | 40,847 | 8,377 |
| 30 Sep 18 | 259,521 | 20,186 | 39,685 | 8,009 |
| 30 Jun 18 | 258,886 | 19,409 | 35,389 | 11,169 |
| 31 Mar 18 | 250,694 | 18,187 | 33,720 | 9,209 |
| 31 Dec 17 | 240,712 | 17,284 | 34,431 | 7,270 |
| 30 Sep 17 | 229,615 | 16,875 | 33,891 | 5,611 |
| 30 Jun 17 | 205,974 | 15,999 | 34,921 | 0 |
| 31 Mar 17 | 180,464 | 15,130 | 30,799 | 0 |
| 31 Dec 16 | 159,052 | 14,684 | 27,440 | 0 |
| 30 Sep 16 | 143,456 | 14,503 | 23,424 | 0 |
| 30 Jun 16 | 133,464 | 13,879 | 21,330 | 0 |
| 31 Mar 16 | 134,364 | 13,272 | 21,865 | 0 |
| 31 Dec 15 | 138,447 | 12,707 | 22,196 | 0 |
| 30 Sep 15 | 143,970 | 12,561 | 23,681 | 0 |
| 30 Jun 15 | 146,858 | 12,216 | 24,029 | 0 |
| 31 Mar 15 | 145,755 | 11,306 | 24,070 | 0 |
| 31 Dec 14 | 141,678 | 10,502 | 22,432 | 0 |
| 30 Sep 14 | 136,314 | 10,252 | 21,217 | 0 |
| 30 Jun 14 | 132,367 | 9,281 | 21,014 | 0 |
| 31 Mar 14 | 127,760 | 6,835 | 19,766 | 0 |
| 31 Dec 13 | 120,975 | 5,317 | 19,201 | 0 |
Quality Earnings: 300 has high quality earnings.
Growing Profit Margin: 300's current net profit margins (9.4%) are higher than last year (9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 300's earnings have grown by 8.9% per year over the past 5 years.
Accelerating Growth: 300's earnings growth over the past year (15%) exceeds its 5-year average (8.9% per year).
Earnings vs Industry: 300 earnings growth over the past year (15%) did not outperform the Consumer Durables industry 19.1%.
Return on Equity
High ROE: 300's Return on Equity (17.1%) is considered low.