Rare Earth Magnesium Technology Group Holdings Past Earnings Performance
Past criteria checks 0/6
Rare Earth Magnesium Technology Group Holdings's earnings have been declining at an average annual rate of -58.2%, while the Metals and Mining industry saw earnings growing at 16.5% annually. Revenues have been declining at an average rate of 39.1% per year.
Key information
-58.2%
Earnings growth rate
-54.6%
EPS growth rate
| Metals and Mining Industry Growth | 23.0% |
| Revenue growth rate | -39.1% |
| Return on equity | -69.1% |
| Net Margin | -160.8% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Rare Earth Magnesium Technology Group Holdings Limited (HKG:601) Stock Rockets 30% As Investors Are Less Pessimistic Than Expected
Apr 07
Rare Earth Magnesium Technology Group Holdings Limited (HKG:601) Shares May Have Slumped 29% But Getting In Cheap Is Still Unlikely
Jan 22Is Rare Earth Magnesium Technology Group Holdings (HKG:601) Weighed On By Its Debt Load?
Dec 06Health Check: How Prudently Does Rare Earth Magnesium Technology Group Holdings (HKG:601) Use Debt?
Sep 03Rare Earth Magnesium Technology Group Holdings (HKG:601) Has Debt But No Earnings; Should You Worry?
Sep 29A Look At The Fair Value Of Rare Earth Magnesium Technology Group Holdings Limited (HKG:601)
Jun 15Is Rare Earth Magnesium Technology Group Holdings (HKG:601) Using Debt In A Risky Way?
Apr 08Estimating The Fair Value Of Rare Earth Magnesium Technology Group Holdings Limited (HKG:601)
May 04Is Rare Earth Magnesium Technology Group Holdings (HKG:601) A Risky Investment?
Mar 30Rare Earth Magnesium Technology Group Holdings' (HKG:601) Shareholders Are Down 76% On Their Shares
Feb 09
Estimating The Intrinsic Value Of Rare Earth Magnesium Technology Group Holdings Limited (HKG:601)
Jan 05Rare Earth Magnesium Technology Group Holdings (HKG:601) Use Of Debt Could Be Considered Risky
Dec 01Revenue & Expenses BreakdownBeta
How Rare Earth Magnesium Technology Group Holdings 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 | 263 | -424 | 81 | 0 |
| 30 Sep 23 | 256 | -220 | 119 | 0 |
| 30 Jun 23 | 248 | -16 | 156 | 0 |
| 31 Mar 23 | 316 | -7 | 195 | 0 |
| 31 Dec 22 | 384 | 1 | 233 | 0 |
| 30 Sep 22 | 428 | -190 | 229 | 0 |
| 30 Jun 22 | 472 | -381 | 225 | 0 |
| 31 Mar 22 | 444 | -357 | 191 | 0 |
| 31 Dec 21 | 416 | -332 | 156 | 0 |
| 30 Sep 21 | 488 | -220 | 140 | 0 |
| 30 Jun 21 | 559 | -108 | 123 | 0 |
| 31 Mar 21 | 652 | -91 | 116 | 0 |
| 31 Dec 20 | 745 | -74 | 109 | 0 |
| 30 Sep 20 | 951 | 3 | 109 | 0 |
| 30 Jun 20 | 1,157 | 81 | 109 | 0 |
| 31 Mar 20 | 1,336 | 145 | 101 | 0 |
| 31 Dec 19 | 1,515 | 210 | 93 | 0 |
| 30 Jun 19 | 1,468 | 229 | 61 | 0 |
| 31 Mar 19 | 1,503 | 223 | 67 | 0 |
| 31 Dec 18 | 1,538 | 218 | 72 | 0 |
| 30 Jun 18 | 1,451 | 186 | 81 | 0 |
| 31 Mar 18 | 1,304 | 174 | 76 | 0 |
| 31 Dec 17 | 1,158 | 162 | 70 | 0 |
| 30 Sep 17 | 1,605 | 238 | 81 | 9 |
| 30 Jun 17 | 1,474 | 226 | 62 | 10 |
| 31 Mar 17 | 1,299 | 182 | 72 | 15 |
| 31 Dec 16 | 1,123 | 137 | 82 | 20 |
| 31 Dec 15 | 186 | 0 | 77 | 21 |
| 30 Sep 15 | 197 | -79 | 89 | 24 |
| 30 Jun 15 | 210 | -93 | 97 | 27 |
| 31 Mar 15 | 224 | -107 | 106 | 31 |
| 31 Dec 14 | 256 | -101 | 112 | 34 |
| 30 Sep 14 | 288 | -94 | 119 | 37 |
| 30 Jun 14 | 319 | -87 | 118 | 39 |
| 31 Mar 14 | 349 | -80 | 117 | 41 |
| 31 Dec 13 | 380 | -69 | 120 | 42 |
| 30 Sep 13 | 411 | -57 | 122 | 42 |
| 30 Jun 13 | 397 | -66 | 123 | 50 |
Quality Earnings: 601 is currently unprofitable.
Growing Profit Margin: 601 is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 601 is unprofitable, and losses have increased over the past 5 years at a rate of 58.2% per year.
Accelerating Growth: Unable to compare 601's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 601 is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (2.6%).
Return on Equity
High ROE: 601 has a negative Return on Equity (-69.11%), as it is currently unprofitable.