Millat Tractors Past Earnings Performance
Past criteria checks 4/6
Millat Tractors has been growing earnings at an average annual rate of 22%, while the Machinery industry saw earnings growing at 13% annually. Revenues have been growing at an average rate of 24.4% per year. Millat Tractors's return on equity is 68.4%, and it has net margins of 10.1%.
Key information
22.0%
Earnings growth rate
21.8%
EPS growth rate
| Machinery Industry Growth | 5.3% |
| Revenue growth rate | 24.4% |
| Return on equity | 68.4% |
| Net Margin | 10.1% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Millat Tractors 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 24 | 81,193 | 8,234 | 3,819 | 0 |
| 30 Jun 24 | 95,021 | 10,094 | 3,883 | 0 |
| 31 Mar 24 | 86,807 | 8,986 | 3,703 | 0 |
| 31 Dec 23 | 78,885 | 7,849 | 3,191 | 0 |
| 30 Sep 23 | 62,194 | 5,112 | 2,767 | 0 |
| 30 Jun 23 | 47,139 | 3,293 | 2,380 | 0 |
| 31 Mar 23 | 47,284 | 2,961 | 2,294 | 0 |
| 31 Dec 22 | 44,501 | 3,128 | 2,168 | 0 |
| 30 Sep 22 | 52,185 | 4,547 | 2,103 | 0 |
| 30 Jun 22 | 55,010 | 5,365 | 2,090 | 0 |
| 31 Mar 22 | 52,395 | 6,161 | 2,091 | 0 |
| 31 Dec 21 | 51,229 | 6,187 | 2,171 | 0 |
| 30 Sep 21 | 47,055 | 6,133 | 2,085 | 0 |
| 30 Jun 21 | 45,665 | 6,022 | 2,005 | 0 |
| 31 Mar 21 | 39,948 | 5,151 | 1,813 | 0 |
| 31 Dec 20 | 32,889 | 3,998 | 1,563 | 0 |
| 30 Sep 20 | 27,465 | 2,802 | 1,494 | 0 |
| 30 Jun 20 | 23,897 | 1,995 | 1,423 | 0 |
| 31 Mar 20 | 25,316 | 2,062 | 1,407 | 0 |
| 31 Dec 19 | 27,106 | 2,392 | 1,381 | 0 |
| 30 Sep 19 | 27,467 | 2,557 | 1,395 | 0 |
| 30 Jun 19 | 32,031 | 3,362 | 1,428 | 0 |
| 31 Mar 19 | 33,609 | 3,807 | 1,468 | 0 |
| 31 Dec 18 | 36,319 | 4,313 | 1,527 | 0 |
| 30 Sep 18 | 40,232 | 5,328 | 1,500 | 0 |
| 30 Jun 18 | 39,586 | 5,388 | 1,492 | 0 |
| 31 Mar 18 | 38,999 | 5,457 | 1,411 | 0 |
| 31 Dec 17 | 38,067 | 5,640 | 1,358 | 0 |
| 30 Sep 17 | 36,062 | 5,163 | 1,371 | 0 |
| 30 Jun 17 | 31,612 | 4,456 | 1,270 | 0 |
| 31 Mar 17 | 27,970 | 3,909 | 1,256 | 0 |
| 31 Dec 16 | 21,902 | 2,953 | 1,156 | 0 |
| 30 Sep 16 | 19,003 | 2,111 | 1,022 | 0 |
| 30 Jun 16 | 17,961 | 1,840 | 983 | 0 |
| 31 Mar 16 | 19,503 | 1,726 | 1,144 | 0 |
| 31 Dec 15 | 21,590 | 1,802 | 1,100 | 0 |
| 30 Sep 15 | 22,937 | 2,246 | 1,172 | 0 |
| 30 Jun 15 | 24,045 | 2,483 | 1,136 | 0 |
| 31 Mar 15 | 21,982 | 2,331 | 976 | 0 |
| 31 Dec 14 | 18,750 | 1,771 | 939 | 0 |
| 30 Sep 14 | 19,425 | 1,845 | 930 | 0 |
| 30 Jun 14 | 17,422 | 1,422 | 903 | 0 |
| 31 Mar 14 | 19,743 | 1,699 | 856 | 0 |
| 31 Dec 13 | 21,240 | 1,998 | 904 | 0 |
Quality Earnings: MTL has a high level of non-cash earnings.
Growing Profit Margin: MTL's current net profit margins (10.1%) are higher than last year (8.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MTL's earnings have grown significantly by 22% per year over the past 5 years.
Accelerating Growth: MTL's earnings growth over the past year (61.1%) exceeds its 5-year average (22% per year).
Earnings vs Industry: MTL earnings growth over the past year (61.1%) exceeded the Machinery industry 7.5%.
Return on Equity
High ROE: Whilst MTL's Return on Equity (68.38%) is outstanding, this metric is skewed due to their high level of debt.