Africa Clean Energy Solutions Past Earnings Performance
Past criteria checks 0/6
Africa Clean Energy Solutions's earnings have been declining at an average annual rate of -28.3%, while the Renewable Energy industry saw earnings growing at 11.8% annually. Revenues have been growing at an average rate of 74.3% per year.
Key information
-28.3%
Earnings growth rate
-27.2%
EPS growth rate
| Renewable Energy Industry Growth | 12.6% |
| Revenue growth rate | 74.3% |
| Return on equity | n/a |
| Net Margin | -123.6% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Africa Clean Energy Solutions 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 | 1 | -2 | 1 | 0 |
| 31 Dec 23 | 1 | -1 | 1 | 0 |
| 30 Sep 23 | 1 | -1 | 1 | 0 |
| 30 Jun 23 | 1 | -1 | 1 | 0 |
| 31 Mar 23 | 0 | -1 | 1 | 0 |
| 31 Dec 22 | 0 | -1 | 1 | 0 |
| 30 Sep 22 | 0 | -1 | 1 | 0 |
| 30 Jun 22 | 0 | -1 | 1 | 0 |
| 31 Mar 22 | 0 | 0 | 1 | 0 |
| 31 Dec 21 | 0 | -1 | 1 | 0 |
| 30 Sep 21 | 0 | 0 | 1 | 0 |
| 30 Jun 21 | 0 | 0 | 1 | 0 |
| 31 Mar 21 | 0 | -1 | 1 | 0 |
| 31 Dec 20 | 0 | -1 | 1 | 0 |
| 30 Sep 20 | 0 | -1 | 0 | 0 |
| 30 Jun 20 | 0 | -1 | 0 | 0 |
| 31 Mar 20 | 0 | 0 | 0 | 0 |
| 31 Dec 19 | 0 | 0 | 0 | 0 |
| 30 Sep 19 | 0 | 0 | 0 | 0 |
| 30 Jun 19 | 0 | 0 | 0 | 0 |
Quality Earnings: ACES.N0000 is currently unprofitable.
Growing Profit Margin: ACES.N0000 is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ACES.N0000 is unprofitable, and losses have increased over the past 5 years at a rate of 28.3% per year.
Accelerating Growth: Unable to compare ACES.N0000's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ACES.N0000 is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (3.6%).
Return on Equity
High ROE: ACES.N0000's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.