Michang Oil Ind .Co.Ltd Past Earnings Performance
Past criteria checks 4/6
Michang Oil Ind .Co.Ltd has been growing earnings at an average annual rate of 24%, while the Oil and Gas industry saw earnings growing at 24.1% annually. Revenues have been growing at an average rate of 8.8% per year. Michang Oil Ind .Co.Ltd's return on equity is 13.1%, and it has net margins of 11.6%.
Key information
24.0%
Earnings growth rate
24.8%
EPS growth rate
| Oil and Gas Industry Growth | 26.2% |
| Revenue growth rate | 8.8% |
| Return on equity | 13.1% |
| Net Margin | 11.6% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Michang Oil Ind .Co.Ltd's (KRX:003650) Solid Earnings May Rest On Weak Foundations
Mar 28
The Case For Michang Oil Ind .Co.,Ltd. (KRX:003650): Could It Be A Nice Addition To Your Dividend Portfolio?
May 05Michang Oil Ind .Co.Ltd's (KRX:003650) Returns On Capital Are Heading Higher
Apr 13Could The Michang Oil Ind .Co.,Ltd. (KRX:003650) Ownership Structure Tell Us Something Useful?
Feb 27Why Michang Oil Ind .Co.,Ltd. (KRX:003650) Should Be In Your Dividend Portfolio
Jan 28Michang Oil Ind .Co.,Ltd. (KRX:003650) Passed Our Checks, And It's About To Pay A ₩2,000 Dividend
Dec 24
Our Take On The Returns On Capital At Michang Oil Ind .Co.Ltd (KRX:003650)
Nov 29Revenue & Expenses BreakdownBeta
How Michang Oil Ind .Co.Ltd 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 | 409,235 | 47,646 | 13,403 | 0 |
| 30 Sep 23 | 419,470 | 44,023 | 13,812 | 0 |
| 30 Jun 23 | 425,734 | 44,093 | 13,900 | 0 |
| 31 Mar 23 | 423,952 | 30,755 | 13,579 | 0 |
| 31 Dec 22 | 418,790 | 23,383 | 13,438 | 0 |
| 30 Sep 22 | 419,721 | 23,999 | 13,602 | 0 |
| 30 Jun 22 | 415,818 | 26,346 | 13,540 | 0 |
| 31 Mar 22 | 418,012 | 34,374 | 13,945 | 0 |
| 31 Dec 21 | 406,293 | 33,139 | 14,247 | 0 |
| 30 Sep 21 | 369,392 | 27,860 | 13,777 | 0 |
| 30 Jun 21 | 336,284 | 24,847 | 13,675 | 0 |
| 31 Mar 21 | 289,205 | 24,757 | 12,875 | 0 |
| 31 Dec 20 | 277,578 | 19,679 | 12,557 | 0 |
| 30 Sep 20 | 297,957 | 19,355 | 12,257 | 0 |
| 30 Jun 20 | 307,841 | 19,015 | 12,146 | 0 |
| 31 Mar 20 | 325,082 | 13,247 | 12,564 | 0 |
| 31 Dec 19 | 323,728 | 17,726 | 12,355 | 0 |
| 30 Sep 19 | 313,174 | 16,032 | 10,217 | 0 |
| 31 Dec 18 | 316,300 | 10,722 | 12,547 | 0 |
| 30 Sep 13 | 372,821 | 21,196 | 13,797 | 0 |
| 30 Jun 13 | 390,694 | 23,619 | 13,981 | 0 |
Quality Earnings: A003650 has a large one-off gain of ₩10.3B impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: A003650's current net profit margins (11.6%) are higher than last year (5.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: A003650's earnings have grown significantly by 24% per year over the past 5 years.
Accelerating Growth: A003650's earnings growth over the past year (103.8%) exceeds its 5-year average (24% per year).
Earnings vs Industry: A003650 earnings growth over the past year (103.8%) exceeded the Oil and Gas industry 6.4%.
Return on Equity
High ROE: A003650's Return on Equity (13.1%) is considered low.