Royce Micro-Cap Trust Past Earnings Performance
Past criteria checks 2/6
Royce Micro-Cap Trust's earnings have been declining at an average annual rate of -0.8%, while the Capital Markets industry saw earnings growing at 9.7% annually. Revenues have been growing at an average rate of 13.4% per year. Royce Micro-Cap Trust's return on equity is 14%, and it has net margins of 882%.
Key information
-0.8%
Earnings growth rate
-1.0%
EPS growth rate
| Capital Markets Industry Growth | 10.3% |
| Revenue growth rate | 13.4% |
| Return on equity | 14.0% |
| Net Margin | 882.0% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
No updates
Recent updates
Royce Micro Cap Trust: 13% Discount, 7% Yield
Apr 07In The Year Of The Small-Caps, RMT Is The Answer
Jan 10RMT: Outperforming The Russell 2000 And Russell Microcap Index On Most Time Frames
Oct 13Royce Micro Cap Trust Has A Lot To Like
Aug 03RVT Vs. RMT: In Pursuit Of Stable Income
Jan 08RMT: Diversified Micro-Cap CEF Generates Strong Yield, Outperforms Market
Oct 14Royce Micro-Cap Trust dips dividend -8.7% to $0.21/shares
Sep 02RMT - A Rare CEF That Outperforms Its Index
Apr 12RMT: A Forgotten Fund With A Stellar Track Record
Jan 06Royce Micro-Cap Trust declares $0.15 dividend
Dec 01Revenue & Expenses BreakdownBeta
How Royce Micro-Cap Trust 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 | 8 | 73 | 8 | 0 |
| 30 Sep 23 | 8 | 71 | 8 | 0 |
| 30 Jun 23 | 8 | 68 | 8 | 0 |
| 31 Mar 23 | 8 | -17 | 8 | 0 |
| 31 Dec 22 | 7 | -103 | 8 | 0 |
| 30 Sep 22 | 9 | -129 | 8 | 0 |
| 30 Jun 22 | 10 | -154 | 8 | 0 |
| 31 Mar 22 | 10 | -30 | 7 | 0 |
| 31 Dec 21 | 9 | 95 | 7 | 0 |
| 30 Sep 21 | 7 | 178 | 6 | 0 |
| 30 Jun 21 | 4 | 262 | 6 | 0 |
| 31 Mar 21 | 4 | 193 | 6 | 0 |
| 31 Dec 20 | 4 | 125 | 5 | 0 |
| 30 Sep 20 | 4 | 62 | 5 | 0 |
| 30 Jun 20 | 5 | -2 | 4 | 0 |
| 31 Mar 20 | 5 | 36 | 4 | 0 |
| 31 Dec 19 | 5 | 75 | 4 | 0 |
| 30 Sep 19 | 5 | 22 | 4 | 0 |
| 30 Jun 19 | 5 | -31 | 4 | 0 |
| 31 Mar 19 | 6 | -39 | 4 | 0 |
| 31 Dec 18 | 6 | -47 | 4 | 0 |
| 30 Sep 18 | 6 | 12 | 4 | 0 |
| 30 Jun 18 | 7 | 72 | 3 | 0 |
| 31 Mar 18 | 6 | 66 | 3 | 0 |
| 31 Dec 17 | 5 | 61 | 2 | 0 |
| 30 Sep 17 | 5 | 65 | 2 | 0 |
| 30 Jun 17 | 5 | 69 | 3 | 0 |
| 31 Mar 17 | 5 | 67 | 3 | 0 |
| 31 Dec 16 | 5 | 64 | 3 | 0 |
| 30 Sep 16 | 5 | 17 | 3 | 0 |
| 30 Jun 16 | 5 | -30 | 4 | 0 |
| 31 Mar 16 | 5 | -40 | 4 | 0 |
| 31 Dec 15 | 6 | -49 | 4 | 0 |
| 30 Sep 15 | 5 | -28 | 4 | 0 |
| 30 Jun 15 | 5 | -7 | 4 | 0 |
| 31 Mar 15 | 5 | 1 | 4 | 0 |
| 31 Dec 14 | 5 | 8 | 4 | 0 |
| 30 Sep 14 | 5 | 58 | 4 | 0 |
| 30 Jun 14 | 5 | 107 | 4 | 0 |
| 31 Mar 14 | 5 | 122 | 4 | 0 |
| 31 Dec 13 | 4 | 137 | 4 | 0 |
| 30 Sep 13 | 6 | 104 | 3 | 0 |
| 30 Jun 13 | 8 | 72 | 3 | 0 |
Quality Earnings: RMT has a large one-off gain of $73.4M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: RMT became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: RMT has become profitable over the past 5 years, growing earnings by -0.8% per year.
Accelerating Growth: RMT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: RMT 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: RMT's Return on Equity (14%) is considered low.