Thachang Green Energy Past Earnings Performance
Past criteria checks 2/6
Thachang Green Energy has been growing earnings at an average annual rate of 13.2%, while the Renewable Energy industry saw earnings declining at 3.9% annually. Revenues have been growing at an average rate of 12.7% per year. Thachang Green Energy's return on equity is 9.7%, and it has net margins of 25.5%.
Key information
13.2%
Earnings growth rate
4.2%
EPS growth rate
| Renewable Energy Industry Growth | 6.6% |
| Revenue growth rate | 12.7% |
| Return on equity | 9.7% |
| Net Margin | 25.5% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
No updates
Recent updates
Revenue & Expenses Breakdown
How Thachang Green 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 Sep 24 | 964 | 246 | 51 | 0 |
| 30 Jun 24 | 937 | 247 | 54 | 0 |
| 31 Mar 24 | 934 | 241 | 54 | 0 |
| 31 Dec 23 | 911 | 240 | 53 | 0 |
| 30 Sep 23 | 941 | 253 | 53 | 0 |
| 30 Jun 23 | 956 | 231 | 50 | 0 |
| 31 Mar 23 | 951 | 228 | 46 | 0 |
| 31 Dec 22 | 938 | 216 | 57 | 0 |
| 30 Sep 22 | 915 | 204 | 74 | 0 |
| 30 Jun 22 | 884 | 216 | 69 | 0 |
| 31 Mar 22 | 828 | 207 | 67 | 0 |
| 31 Dec 21 | 781 | 202 | 53 | 0 |
| 30 Sep 21 | 722 | 192 | 54 | 0 |
| 31 Dec 20 | 708 | 167 | 31 | 0 |
| 31 Dec 19 | 336 | 94 | 27 | 0 |
| 31 Dec 18 | 274 | 87 | 22 | 0 |
| 31 Dec 17 | 2 | -5 | 3 | 0 |
Quality Earnings: TGE-R has high quality earnings.
Growing Profit Margin: TGE-R's current net profit margins (25.5%) are lower than last year (26.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TGE-R's earnings have grown by 13.2% per year over the past 5 years.
Accelerating Growth: TGE-R's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TGE-R had negative earnings growth (-2.8%) over the past year, making it difficult to compare to the Renewable Energy industry average (-3.8%).
Return on Equity
High ROE: TGE-R's Return on Equity (9.7%) is considered low.