2 Cheap Cars Group Past Earnings Performance
Past criteria checks 5/6
2 Cheap Cars Group's earnings have been declining at an average annual rate of -20.2%, while the Specialty Retail industry saw earnings growing at 2.3% annually. Revenues have been growing at an average rate of 9.7% per year. 2 Cheap Cars Group's return on equity is 20.3%, and it has net margins of 4.6%.
Key information
-20.2%
Earnings growth rate
-60.5%
EPS growth rate
| Specialty Retail Industry Growth | 2.3% |
| Revenue growth rate | 9.7% |
| Return on equity | 20.3% |
| Net Margin | 4.6% |
| Last Earnings Update | 30 Sep 2023 |
Recent past performance updates
Recent updates
Returns On Capital At 2 Cheap Cars Group (NZSE:2CC) Paint A Concerning Picture
Aug 23
Investors Could Be Concerned With NZ Automotive Investments' (NZSE:NZA) Returns On Capital
Apr 12Here's What's Concerning About NZ Automotive Investments' (NZSE:NZA) Returns On Capital
Jul 19NZ Automotive Investments (NZSE:NZA) Has Announced That Its Dividend Will Be Reduced To NZ$0.0063
Jun 01NZ Automotive Investments' (NZSE:NZA) Shareholders Have More To Worry About Than Only Soft Earnings
Dec 09Revenue & Expenses BreakdownBeta
How 2 Cheap Cars Group 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 23 | 84 | 4 | 8 | 0 |
| 30 Jun 23 | 84 | 3 | 9 | 0 |
| 31 Mar 23 | 83 | 1 | 9 | 0 |
| 31 Dec 22 | 78 | 2 | 9 | 0 |
| 30 Sep 22 | 74 | 2 | 9 | 0 |
| 30 Jun 22 | 69 | 2 | 8 | 0 |
| 31 Mar 22 | 64 | 3 | 8 | 0 |
| 31 Dec 21 | 65 | 3 | 7 | 0 |
| 30 Sep 21 | 66 | 3 | 7 | 0 |
| 30 Jun 21 | 66 | 3 | 7 | 0 |
| 31 Mar 21 | 65 | 3 | 6 | 0 |
| 31 Dec 20 | 66 | 4 | 5 | 0 |
| 30 Sep 20 | 67 | 4 | 5 | 0 |
| 30 Jun 20 | 72 | 4 | 6 | 0 |
| 31 Mar 20 | 76 | 4 | 7 | 0 |
Quality Earnings: 2CC has high quality earnings.
Growing Profit Margin: 2CC's current net profit margins (4.6%) are higher than last year (2.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 2CC's earnings have declined by 20.2% per year over the past 5 years.
Accelerating Growth: 2CC's earnings growth over the past year (122%) exceeds its 5-year average (-20.2% per year).
Earnings vs Industry: 2CC earnings growth over the past year (122%) exceeded the Specialty Retail industry -5.5%.
Return on Equity
High ROE: 2CC's Return on Equity (20.3%) is considered high.