CHANGE HoldingsInc Past Earnings Performance
Past criteria checks 1/6
CHANGE HoldingsInc has been growing earnings at an average annual rate of 29.1%, while the IT industry saw earnings growing at 13.6% annually. Revenues have been growing at an average rate of 31.5% per year. CHANGE HoldingsInc's return on equity is 9.4%, and it has net margins of 11.7%.
Key information
29.1%
Earnings growth rate
25.7%
EPS growth rate
| IT Industry Growth | 14.3% |
| Revenue growth rate | 31.5% |
| Return on equity | 9.4% |
| Net Margin | 11.7% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Revenue & Expenses Breakdown
How CHANGE HoldingsInc 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 Mar 24 | 37,014 | 4,325 | 13,261 | 0 |
| 31 Dec 23 | 33,300 | 7,215 | 11,056 | 0 |
| 30 Sep 23 | 28,741 | 6,819 | 9,697 | 0 |
| 30 Jun 23 | 22,377 | 4,660 | 7,511 | 0 |
| 31 Mar 23 | 20,021 | 3,856 | 6,813 | 0 |
| 31 Mar 22 | 15,530 | 3,729 | 5,409 | 0 |
| 31 Dec 21 | 15,786 | 4,354 | 5,170 | 0 |
| 30 Sep 21 | 15,653 | 4,104 | 5,268 | 0 |
| 30 Jun 21 | 14,654 | 4,405 | 4,893 | 0 |
| 31 Mar 21 | 14,619 | 4,378 | 4,751 | 0 |
| 31 Dec 20 | 13,829 | 3,923 | 4,643 | 0 |
| 30 Sep 20 | 10,542 | 2,049 | 3,635 | 0 |
| 30 Jun 20 | 10,487 | 1,518 | 3,323 | 0 |
| 31 Mar 20 | 9,574 | 1,359 | 3,065 | 0 |
| 31 Dec 19 | 9,531 | 1,465 | 3,039 | 0 |
| 30 Sep 19 | 7,054 | 378 | 3,028 | 0 |
Quality Earnings: 3962 has a large one-off loss of ¥2.2B impacting its last 12 months of financial results to 31st March, 2024.
Growing Profit Margin: 3962's current net profit margins (11.7%) are lower than last year (19.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 3962's earnings have grown significantly by 29.1% per year over the past 5 years.
Accelerating Growth: 3962's earnings growth over the past year (12.2%) is below its 5-year average (29.1% per year).
Earnings vs Industry: 3962 earnings growth over the past year (12.2%) did not outperform the IT industry 14.9%.
Return on Equity
High ROE: 3962's Return on Equity (9.4%) is considered low.