Bedding World Co., Ltd.

TPEX:2938 Stock Report

Market Cap: NT$528.7m

Bedding World Past Earnings Performance

Past criteria checks 1/6

Bedding World's earnings have been declining at an average annual rate of -18.5%, while the Retail Distributors industry saw earnings growing at 5% annually. Revenues have been declining at an average rate of 1.9% per year. Bedding World's return on equity is 3.7%, and it has net margins of 3.5%.

Key information

-18.53%

Earnings growth rate

-18.53%

EPS growth rate

Retail Distributors Industry Growth14.63%
Revenue growth rate-1.89%
Return on equity3.65%
Net Margin3.49%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Analysis Article Apr 25

The Returns At Bedding World (GTSM:2938) Aren't Growing

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article Mar 28

Here's What You Should Know About Bedding World Co., Ltd.'s (GTSM:2938) 6.4% Dividend Yield

Dividend paying stocks like Bedding World Co., Ltd. ( GTSM:2938 ) tend to be popular with investors, and for good...
Analysis Article Feb 03

Declining Stock and Solid Fundamentals: Is The Market Wrong About Bedding World Co., Ltd. (GTSM:2938)?

Bedding World (GTSM:2938) has had a rough three months with its share price down 2.0%. But if you pay close attention...
Analysis Article Jan 13

The Returns At Bedding World (GTSM:2938) Provide Us With Signs Of What's To Come

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Analysis Article Dec 23

Bedding World (GTSM:2938) Has A Pretty Healthy Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Dec 05

Could Bedding World Co., Ltd. (GTSM:2938) Have The Makings Of Another Dividend Aristocrat?

Today we'll take a closer look at Bedding World Co., Ltd. ( GTSM:2938 ) from a dividend investor's perspective. Owning...

Revenue & Expenses Breakdown

How Bedding World makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

TPEX:2938 Revenue, expenses and earnings (TWD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26727254521
31 Dec 25725244541
30 Sep 25751394531
30 Jun 25776544521
31 Mar 25814744551
31 Dec 24841854581
30 Sep 24849874581
30 Jun 24858884581
31 Mar 24857864591
31 Dec 23851754631
30 Sep 23866814612
30 Jun 23880864602
31 Mar 23881974442
31 Dec 228911174252
30 Sep 228871294072
30 Jun 228831413892
31 Mar 228611283842
31 Dec 218381153792
30 Sep 218171033812
30 Jun 21797913832
31 Mar 21787923802
31 Dec 20776933762
30 Sep 20765883711
30 Jun 20753843661
31 Mar 20757843681
31 Dec 19761843711
30 Sep 19762833721
30 Jun 19763833731
31 Mar 19751813661
31 Dec 18738803581
30 Sep 18745853551
30 Jun 18751913531
31 Mar 18749893531
31 Dec 17747863521
30 Sep 17736783522
30 Jun 17725693512
31 Mar 17709573503
31 Dec 16694443494
30 Sep 16680373473
30 Jun 16667303461
31 Mar 16683373491
31 Dec 15699453521

Quality Earnings: 2938 has high quality earnings.

Growing Profit Margin: 2938's current net profit margins (3.5%) are lower than last year (9.1%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: 2938's earnings have declined by 18.5% per year over the past 5 years.

Accelerating Growth: 2938's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2938 had negative earnings growth (-65.9%) over the past year, making it difficult to compare to the Retail Distributors industry average (-3%).


Return on Equity

High ROE: 2938's Return on Equity (3.7%) is considered low.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/06 10:09
End of Day Share Price 2026/07/06 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bedding World Co., Ltd. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.