Independent Oil & Resources Past Earnings Performance
Past criteria checks 2/6
Independent Oil & Resources's earnings have been declining at an average annual rate of -2.3%, while the Energy Services industry saw earnings growing at 30.2% annually. Revenues have been growing at an average rate of 19.3% per year. Independent Oil & Resources's return on equity is 1.1%, and it has net margins of 55.2%.
Key information
-2.3%
Earnings growth rate
6.2%
EPS growth rate
| Energy Services Industry Growth | 25.6% |
| Revenue growth rate | 19.3% |
| Return on equity | 1.1% |
| Net Margin | 55.2% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
No updates
Recent updates
Revenue & Expenses BreakdownBeta
How Independent Oil & Resources 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 | 7 | 4 | 3 | 0 |
| 30 Sep 23 | 6 | -9 | 3 | 0 |
| 30 Jun 23 | 5 | -22 | 3 | 0 |
| 31 Mar 23 | 5 | -14 | 3 | 0 |
| 31 Dec 22 | 5 | -7 | 3 | 0 |
| 30 Sep 22 | 6 | 3 | 3 | 0 |
| 30 Jun 22 | 6 | 13 | 3 | 0 |
| 31 Mar 22 | 6 | 11 | 3 | 0 |
| 31 Dec 21 | 6 | 9 | 3 | 0 |
| 30 Sep 21 | 5 | 41 | 3 | 0 |
| 30 Jun 21 | 5 | 73 | 3 | 0 |
| 31 Mar 21 | 5 | 67 | 3 | 0 |
| 31 Dec 20 | 5 | 61 | 3 | 0 |
| 30 Sep 20 | 4 | 25 | 3 | 0 |
| 30 Jun 20 | 4 | -10 | 3 | 0 |
| 31 Mar 20 | 3 | -7 | 3 | 0 |
| 31 Dec 19 | 2 | -4 | 3 | 0 |
| 30 Sep 19 | 2 | -10 | 3 | 0 |
| 30 Jun 19 | 2 | -16 | 3 | 0 |
| 31 Mar 19 | 3 | -8 | 3 | 0 |
| 31 Dec 18 | 3 | 0 | 3 | 0 |
| 30 Sep 18 | 3 | 4 | 2 | 0 |
| 30 Jun 18 | 3 | 7 | 2 | 0 |
| 31 Mar 18 | 3 | -11 | 2 | 0 |
| 31 Dec 17 | 3 | -30 | 2 | 0 |
| 30 Sep 17 | 7 | 3 | 3 | 0 |
| 30 Jun 17 | 11 | 35 | 4 | 0 |
| 31 Mar 17 | 10 | 40 | 3 | 0 |
| 31 Dec 16 | 9 | 45 | 3 | 0 |
| 30 Sep 16 | 10 | -37 | 3 | 0 |
| 30 Jun 16 | 11 | -119 | 2 | 0 |
| 31 Mar 16 | 11 | -121 | 2 | 0 |
| 31 Dec 15 | 11 | -122 | 2 | 0 |
| 31 Dec 14 | 0 | 9 | 0 | 0 |
| 31 Dec 13 | 14 | -29 | 11 | 0 |
| 30 Sep 13 | 13 | -31 | 12 | 0 |
| 30 Jun 13 | 7 | -33 | 4 | 0 |
Quality Earnings: IOTA has a large one-off loss of NOK10.7M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: IOTA became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: IOTA has become profitable over the past 5 years, growing earnings by -2.3% per year.
Accelerating Growth: IOTA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: IOTA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (44.3%).
Return on Equity
High ROE: IOTA's Return on Equity (1.1%) is considered low.