Erayak Power Solution Group Past Earnings Performance
Past criteria checks 1/6
Erayak Power Solution Group's earnings have been declining at an average annual rate of -0.08%, while the Electrical industry saw earnings growing at 14.7% annually. Revenues have been growing at an average rate of 16.7% per year. Erayak Power Solution Group's return on equity is 6%, and it has net margins of 6%.
Key information
-0.08%
Earnings growth rate
-73.3%
EPS growth rate
| Electrical Industry Growth | 9.9% |
| Revenue growth rate | 16.7% |
| Return on equity | 6.0% |
| Net Margin | 6.0% |
| Last Earnings Update | 31 Dec 2023 |
Revenue & Expenses BreakdownBeta
How Erayak Power Solution Group 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 Dec 23 | 20 | 1 | 3 | 1 |
| 30 Sep 23 | 23 | 1 | 3 | 1 |
| 30 Jun 23 | 25 | 2 | 2 | 1 |
| 31 Mar 23 | 26 | 3 | 2 | 1 |
| 31 Dec 22 | 27 | 3 | 2 | 1 |
| 30 Sep 22 | 25 | 4 | 1 | 1 |
| 30 Jun 22 | 22 | 4 | 1 | 1 |
| 31 Mar 22 | 20 | 4 | 1 | 1 |
| 31 Dec 21 | 19 | 3 | 1 | 1 |
| 30 Sep 21 | 17 | 3 | 1 | 1 |
| 30 Jun 21 | 16 | 3 | 1 | 1 |
| 31 Mar 21 | 15 | 3 | 1 | 1 |
| 31 Dec 20 | 14 | 2 | 1 | 1 |
| 31 Dec 19 | 9 | 1 | 1 | 1 |
Quality Earnings: RAYA has high quality earnings.
Growing Profit Margin: RAYA's current net profit margins (6%) are lower than last year (12.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: RAYA's earnings have declined by 0.08% per year over the past 5 years.
Accelerating Growth: RAYA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: RAYA had negative earnings growth (-64.9%) over the past year, making it difficult to compare to the Electrical industry average (25.8%).
Return on Equity
High ROE: RAYA's Return on Equity (6%) is considered low.