Ray Past Earnings Performance
Past criteria checks 0/6
Ray's earnings have been declining at an average annual rate of -57.9%, while the Medical Equipment industry saw earnings growing at 18.7% annually. Revenues have been growing at an average rate of 18.7% per year.
Key information
-57.9%
Earnings growth rate
-58.8%
EPS growth rate
| Medical Equipment Industry Growth | 22.7% |
| Revenue growth rate | 18.7% |
| Return on equity | -28.0% |
| Net Margin | -25.1% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
We Think Ray (KOSDAQ:228670) Has A Fair Chunk Of Debt
Nov 13
Ray Co., Ltd. (KOSDAQ:228670) Not Doing Enough For Some Investors As Its Shares Slump 32%
Aug 05Ray (KOSDAQ:228670) Has A Somewhat Strained Balance Sheet
Jul 24Market Still Lacking Some Conviction On Ray Co., Ltd. (KOSDAQ:228670)
May 25The Returns On Capital At Ray (KOSDAQ:228670) Don't Inspire Confidence
Mar 14Is Ray (KOSDAQ:228670) Using Too Much Debt?
Mar 16What Type Of Shareholders Make Up Ray Co., Ltd.'s (KOSDAQ:228670) Share Registry?
Feb 21With A Return On Equity Of 13%, Has Ray Co., Ltd.'s (KOSDAQ:228670) Management Done Well?
Feb 02We Wouldn't Rely On Ray's (KOSDAQ:228670) Statutory Earnings As A Guide
Jan 14
If You Had Bought Ray (KOSDAQ:228670) Shares A Year Ago You'd Have Earned 11% Returns
Dec 27Here's Why Ray (KOSDAQ:228670) Can Manage Its Debt Responsibly
Dec 08Has Ray (KOSDAQ:228670) Got What It Takes To Become A Multi-Bagger?
Nov 19Revenue & Expenses Breakdown
How Ray 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 | 112,546 | -28,201 | 59,907 | 6,702 |
| 30 Jun 24 | 128,613 | -22,552 | 63,037 | 7,091 |
| 31 Mar 24 | 143,226 | -4,452 | 50,076 | 7,074 |
| 31 Dec 23 | 145,882 | -2,146 | 50,142 | 6,986 |
| 30 Sep 23 | 145,143 | 7,518 | 45,846 | 7,054 |
| 30 Jun 23 | 139,591 | 6,462 | 44,661 | 6,863 |
| 31 Mar 23 | 131,396 | 5,346 | 39,536 | 6,336 |
| 31 Dec 22 | 128,998 | 7,957 | 34,653 | 6,163 |
| 30 Sep 22 | 108,356 | -5,628 | 30,896 | 5,979 |
| 30 Jun 22 | 100,533 | -2,984 | 26,102 | 5,829 |
| 31 Mar 22 | 93,026 | 1,241 | 22,277 | 5,481 |
| 31 Dec 21 | 90,336 | -13 | 20,641 | 5,063 |
| 30 Sep 21 | 84,681 | 12,727 | 17,410 | 4,667 |
| 30 Jun 21 | 73,676 | 9,988 | 16,847 | 4,315 |
| 31 Mar 21 | 57,803 | 4,645 | 16,457 | 4,411 |
| 31 Dec 20 | 55,205 | 7,904 | 15,409 | 4,180 |
| 30 Sep 20 | 57,260 | 7,979 | 16,256 | 3,858 |
| 30 Jun 20 | 61,781 | 8,891 | 16,831 | 3,484 |
| 31 Mar 20 | 71,986 | 12,340 | 16,742 | 3,178 |
| 31 Dec 19 | 73,109 | 11,555 | 16,785 | 3,220 |
| 30 Sep 19 | 69,512 | 10,843 | 16,118 | 3,207 |
| 31 Mar 19 | 57,594 | 7,019 | 14,141 | 3,107 |
| 31 Dec 18 | 51,534 | 5,251 | 13,365 | 2,843 |
| 31 Dec 17 | 32,929 | 1,154 | 10,749 | 2,014 |
| 31 Dec 16 | 26,499 | 1,713 | 7,364 | 1,983 |
| 31 Dec 15 | 20,528 | 207 | 7,183 | 1,297 |
Quality Earnings: A228670 is currently unprofitable.
Growing Profit Margin: A228670 is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: A228670 is unprofitable, and losses have increased over the past 5 years at a rate of 57.9% per year.
Accelerating Growth: Unable to compare A228670's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: A228670 is unprofitable, making it difficult to compare its past year earnings growth to the Medical Equipment industry (-13.3%).
Return on Equity
High ROE: A228670 has a negative Return on Equity (-28.02%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 12:35 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Ray Co., Ltd. is covered by 11 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Sanjeev Rana | CLSA |
| Brian Lee | CLSA |
| Sae-rom Lee | Daishin Securities Co. Ltd. |