2 Cheap Cars Group Past Earnings Performance
Past criteria checks 6/6
2 Cheap Cars Group has been growing earnings at an average annual rate of 0.2%, while the Specialty Retail industry saw earnings growing at 2.3% annually. Revenues have been growing at an average rate of 11.8% per year. 2 Cheap Cars Group's return on equity is 30.6%, and it has net margins of 7.2%.
Key information
0.2%
Earnings growth rate
-38.9%
EPS growth rate
| Specialty Retail Industry Growth | 2.3% |
| Revenue growth rate | 11.8% |
| Return on equity | 30.6% |
| Net Margin | 7.2% |
| Last Earnings Update | 31 Mar 2024 |
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 Breakdown
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 |
|---|---|---|---|---|
| 31 Mar 24 | 87 | 6 | 8 | 0 |
| 31 Dec 23 | 86 | 5 | 8 | 0 |
| 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 (7.2%) are higher than last year (1.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 2CC's earnings have grown by 0.2% per year over the past 5 years.
Accelerating Growth: 2CC's earnings growth over the past year (383%) exceeds its 5-year average (0.2% per year).
Earnings vs Industry: 2CC earnings growth over the past year (383%) exceeded the Specialty Retail industry -5.5%.
Return on Equity
High ROE: 2CC's Return on Equity (30.6%) is considered high.