Thachang Green Energy Past Earnings Performance
Past criteria checks 4/6
Thachang Green Energy has been growing earnings at an average annual rate of 15.2%, while the Renewable Energy industry saw earnings declining at 0.6% annually. Revenues have been declining at an average rate of 1.8% per year. Thachang Green Energy's return on equity is 10.1%, and it has net margins of 25.8%.
Key information
15.2%
Earnings growth rate
6.1%
EPS growth rate
| Renewable Energy Industry Growth | 6.6% |
| Revenue growth rate | -1.8% |
| Return on equity | 10.1% |
| Net Margin | 25.8% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance 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 |
|---|---|---|---|---|
| 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 has high quality earnings.
Growing Profit Margin: TGE's current net profit margins (25.8%) are higher than last year (24%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TGE's earnings have grown by 15.2% per year over the past 5 years.
Accelerating Growth: TGE's earnings growth over the past year (5.9%) is below its 5-year average (15.2% per year).
Earnings vs Industry: TGE earnings growth over the past year (5.9%) exceeded the Renewable Energy industry -21.3%.
Return on Equity
High ROE: TGE's Return on Equity (10.1%) is considered low.