GoodBulk Past Earnings Performance
Past criteria checks 1/6
GoodBulk's earnings have been declining at an average annual rate of -54.4%, while the Shipping industry saw earnings growing at 59.5% annually. Revenues have been declining at an average rate of 47.5% per year. GoodBulk's return on equity is 47.9%, and it has net margins of 29%.
Key information
-54.4%
Earnings growth rate
-52.1%
EPS growth rate
| Shipping Industry Growth | 48.6% |
| Revenue growth rate | -47.5% |
| Return on equity | 47.9% |
| Net Margin | 29.0% |
| Last Earnings Update | 30 Jun 2023 |
Recent past performance updates
No updates
Recent updates
Revenue & Expenses Breakdown
How GoodBulk 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 Jun 23 | 154 | 45 | 10 | 0 |
| 31 Mar 23 | 200 | 69 | 5 | 0 |
| 31 Dec 22 | 224 | 72 | 4 | 0 |
| 30 Sep 22 | 275 | 98 | 4 | 0 |
| 30 Jun 22 | 294 | 98 | 5 | 0 |
| 31 Mar 22 | 297 | 93 | 4 | 0 |
| 31 Dec 21 | 288 | 92 | 5 | 0 |
| 30 Sep 21 | 237 | 63 | 4 | 0 |
| 30 Jun 21 | 203 | 30 | 4 | 0 |
| 31 Mar 21 | 170 | 4 | 3 | 0 |
| 31 Dec 20 | 171 | -5 | 3 | 0 |
| 30 Sep 20 | 198 | -1 | 3 | 0 |
| 30 Jun 20 | 214 | 20 | 4 | 0 |
| 31 Mar 20 | 225 | 26 | 4 | 0 |
| 31 Dec 19 | 225 | 34 | 4 | 0 |
| 30 Sep 19 | 216 | 33 | 6 | 0 |
| 30 Jun 19 | 209 | 28 | 5 | 0 |
| 31 Mar 19 | 195 | 31 | 5 | 0 |
| 31 Dec 18 | 182 | 38 | 6 | 0 |
| 30 Sep 18 | 152 | 31 | 4 | 0 |
| 30 Jun 18 | 111 | 18 | 3 | 0 |
| 31 Mar 18 | 89 | 15 | 3 | 0 |
| 31 Dec 17 | 57 | 5 | 2 | 0 |
Quality Earnings: BULK has a large one-off gain of $66.4M impacting its last 12 months of financial results to 30th June, 2023.
Growing Profit Margin: BULK's current net profit margins (29%) are lower than last year (33.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if BULK's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: BULK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BULK had negative earnings growth (-54.4%) over the past year, making it difficult to compare to the Shipping industry average (28%).
Return on Equity
High ROE: BULK's Return on Equity (47.9%) is considered outstanding.