Absolute Clean Energy Past Earnings Performance
Past criteria checks 2/6
Absolute Clean Energy has been growing earnings at an average annual rate of 2.4%, while the Renewable Energy industry saw earnings declining at 3.8% annually. Revenues have been growing at an average rate of 6.2% per year. Absolute Clean Energy's return on equity is 6.1%, and it has net margins of 15.3%.
Key information
2.4%
Earnings growth rate
1.5%
EPS growth rate
| Renewable Energy Industry Growth | 6.6% |
| Revenue growth rate | 6.2% |
| Return on equity | 6.1% |
| Net Margin | 15.3% |
| Last Earnings Update | 30 Jun 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Absolute Clean Energy 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 24 | 6,267 | 957 | 405 | 0 |
| 31 Mar 24 | 6,314 | 1,053 | 409 | 0 |
| 31 Dec 23 | 6,583 | 1,073 | 428 | 0 |
| 30 Sep 23 | 6,825 | 1,102 | 468 | 0 |
| 30 Jun 23 | 7,012 | 1,166 | 479 | 0 |
| 31 Mar 23 | 7,037 | 1,234 | 468 | 0 |
| 31 Dec 22 | 6,917 | 1,282 | 438 | 0 |
| 30 Sep 22 | 6,633 | 1,456 | 383 | 0 |
| 30 Jun 22 | 6,286 | 1,485 | 371 | 0 |
| 31 Mar 22 | 6,034 | 1,468 | 357 | 0 |
| 31 Dec 21 | 5,727 | 1,506 | 350 | 0 |
| 30 Sep 21 | 5,537 | 1,392 | 363 | 0 |
| 30 Jun 21 | 5,570 | 1,391 | 324 | 0 |
| 31 Mar 21 | 5,824 | 1,274 | 319 | 0 |
| 31 Dec 20 | 5,858 | 1,508 | 322 | 0 |
| 30 Sep 20 | 5,747 | 1,499 | 304 | 0 |
| 30 Jun 20 | 5,513 | 1,317 | 321 | 0 |
| 31 Mar 20 | 5,190 | 1,276 | 316 | 0 |
| 31 Dec 19 | 5,055 | 815 | 330 | 0 |
| 30 Sep 19 | 5,059 | 687 | 398 | 0 |
| 30 Jun 19 | 5,028 | 571 | 403 | 0 |
| 31 Mar 19 | 4,896 | 576 | 407 | 0 |
| 31 Dec 18 | 4,833 | 547 | 379 | 0 |
| 30 Sep 18 | 4,729 | 440 | 330 | 0 |
| 31 Dec 17 | 4,243 | 334 | 295 | 0 |
| 31 Dec 16 | 2,151 | 134 | 223 | 0 |
| 31 Dec 15 | 2,096 | -3 | 181 | 0 |
| 31 Dec 14 | 1,315 | 0 | 90 | 0 |
Quality Earnings: ACE has high quality earnings.
Growing Profit Margin: ACE's current net profit margins (15.3%) are lower than last year (16.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ACE's earnings have grown by 2.4% per year over the past 5 years.
Accelerating Growth: ACE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ACE had negative earnings growth (-18%) over the past year, making it difficult to compare to the Renewable Energy industry average (-2.8%).
Return on Equity
High ROE: ACE's Return on Equity (6.1%) is considered low.