Western Asset Investment Grade Income Fund Past Earnings Performance
Past criteria checks 2/6
Western Asset Investment Grade Income Fund's earnings have been declining at an average annual rate of -40.5%, while the Capital Markets industry saw earnings growing at 9.7% annually. Revenues have been declining at an average rate of 2.3% per year. Western Asset Investment Grade Income Fund's return on equity is 8.5%, and it has net margins of 156.1%.
Key information
-40.5%
Earnings growth rate
-40.5%
EPS growth rate
| Capital Markets Industry Growth | 10.3% |
| Revenue growth rate | -2.3% |
| Return on equity | 8.5% |
| Net Margin | 156.1% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
No updates
Revenue & Expenses BreakdownBeta
How Western Asset Investment Grade Income Fund 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 | 7 | 11 | 1 | 0 |
| 31 Dec 22 | 7 | -24 | 1 | 0 |
| 30 Sep 22 | 7 | -24 | 1 | 0 |
| 30 Jun 22 | 6 | -23 | 1 | 0 |
| 31 Mar 22 | 7 | -12 | 1 | 0 |
| 31 Dec 21 | 7 | 0 | 1 | 0 |
| 30 Sep 21 | 7 | 6 | 1 | 0 |
| 30 Jun 21 | 7 | 11 | 1 | 0 |
| 31 Mar 21 | 7 | 12 | 1 | 0 |
| 31 Dec 20 | 7 | 13 | 1 | 0 |
| 30 Sep 20 | 7 | 10 | 1 | 0 |
| 30 Jun 20 | 7 | 8 | 1 | 0 |
| 31 Mar 20 | 7 | 14 | 1 | 0 |
| 31 Dec 19 | 7 | 21 | 1 | 0 |
| 30 Sep 19 | 7 | 17 | 1 | 0 |
| 30 Jun 19 | 7 | 14 | 1 | 0 |
| 31 Mar 19 | 7 | 3 | 1 | 0 |
| 31 Dec 18 | 7 | -7 | 1 | 0 |
| 30 Sep 18 | 7 | -3 | 1 | 0 |
| 30 Jun 18 | 7 | 0 | 1 | 0 |
| 31 Mar 18 | 7 | 7 | 1 | 0 |
| 31 Dec 17 | 8 | 14 | 1 | 0 |
| 30 Sep 17 | 8 | 13 | 1 | 0 |
| 30 Jun 17 | 8 | 12 | 1 | 0 |
| 31 Mar 17 | 8 | 13 | 1 | 0 |
| 31 Dec 16 | 8 | 14 | 1 | 0 |
| 30 Sep 16 | 8 | 11 | 1 | 0 |
| 30 Jun 16 | 8 | 8 | 1 | 0 |
| 31 Mar 16 | 8 | 2 | 1 | 0 |
| 31 Dec 15 | 8 | -3 | 1 | 0 |
| 30 Sep 15 | 8 | -1 | 1 | 0 |
| 30 Jun 15 | 8 | 0 | 1 | 0 |
| 31 Mar 15 | 8 | 5 | 1 | 0 |
| 31 Dec 14 | 8 | 10 | 1 | 0 |
| 30 Sep 14 | 8 | 13 | 1 | 0 |
| 30 Jun 14 | 8 | 15 | 1 | 0 |
| 31 Mar 14 | 8 | 8 | 1 | 0 |
| 31 Dec 13 | 8 | 1 | 1 | 0 |
| 30 Sep 13 | 8 | 3 | 1 | 0 |
| 30 Jun 13 | 8 | 6 | 1 | 0 |
Quality Earnings: PAI has a large one-off gain of $4.8M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: PAI became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: PAI has become profitable over the past 5 years, growing earnings by -40.5% per year.
Accelerating Growth: PAI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: PAI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (3.3%).
Return on Equity
High ROE: PAI's Return on Equity (8.5%) is considered low.