Le Merite Exports Past Earnings Performance
Past criteria checks 1/6
Le Merite Exports has been growing earnings at an average annual rate of 11.4%, while the Luxury industry saw earnings growing at 16.9% annually. Revenues have been declining at an average rate of 11.9% per year. Le Merite Exports's return on equity is 1.7%, and it has net margins of 0.4%.
Key information
11.4%
Earnings growth rate
-90.7%
EPS growth rate
| Luxury Industry Growth | 17.6% |
| Revenue growth rate | -11.9% |
| Return on equity | 1.7% |
| Net Margin | 0.4% |
| Last Earnings Update | 30 Sep 2023 |
Recent past performance updates
Recent updates
Here's What's Concerning About Le Merite Exports' (NSE:LEMERITE) Returns On Capital
Mar 19
Investors Could Be Concerned With Le Merite Exports' (NSE:LEMERITE) Returns On Capital
Oct 24Le Merite Exports (NSE:LEMERITE) Is Reinvesting At Lower Rates Of Return
Jul 08Market Might Still Lack Some Conviction On Le Merite Exports Limited (NSE:LEMERITE) Even After 30% Share Price Boost
Sep 15Revenue & Expenses BreakdownBeta
How Le Merite Exports 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 23 | 4,352 | 16 | 61 | 0 |
| 30 Jun 23 | 4,061 | 29 | 80 | 0 |
| 31 Mar 23 | 3,769 | 43 | 100 | 0 |
| 31 Dec 22 | 4,349 | 95 | 110 | 0 |
| 30 Sep 22 | 4,938 | 141 | 92 | 0 |
| 30 Jun 22 | 5,098 | 176 | 73 | 0 |
| 31 Mar 22 | 5,259 | 211 | 70 | 0 |
| 31 Mar 21 | 2,684 | 70 | 30 | 0 |
| 31 Mar 20 | 2,167 | 31 | 25 | 0 |
| 31 Mar 19 | 1,800 | 11 | 20 | 0 |
Quality Earnings: LEMERITE has a high level of non-cash earnings.
Growing Profit Margin: LEMERITE's current net profit margins (0.4%) are lower than last year (2.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: LEMERITE's earnings have grown by 11.4% per year over the past 5 years.
Accelerating Growth: LEMERITE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LEMERITE had negative earnings growth (-88.7%) over the past year, making it difficult to compare to the Luxury industry average (-1.1%).
Return on Equity
High ROE: LEMERITE's Return on Equity (1.7%) is considered low.