Asia Commercial Bank Past Earnings Performance
Past criteria checks 3/6
Asia Commercial Bank has been growing earnings at an average annual rate of 22.2%, while the Banks industry saw earnings growing at 23.2% annually. Revenues have been growing at an average rate of 16.6% per year. Asia Commercial Bank's return on equity is 20.6%, and it has net margins of 51%.
Key information
22.2%
Earnings growth rate
21.8%
EPS growth rate
| Banks Industry Growth | 25.8% |
| Revenue growth rate | 16.6% |
| Return on equity | 20.6% |
| Net Margin | 51.0% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Asia Commercial Bank 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 |
|---|---|---|---|---|
| 30 Sep 24 | 31,552,986 | 16,100,683 | 10,597,619 | 0 |
| 30 Jun 24 | 31,678,927 | 16,267,867 | 10,597,619 | 0 |
| 31 Mar 24 | 30,982,623 | 15,665,123 | 10,598,190 | 0 |
| 31 Dec 23 | 30,935,496 | 15,894,733 | 10,341,788 | 0 |
| 30 Sep 23 | 30,550,436 | 14,758,972 | 11,393,999 | 0 |
| 30 Jun 23 | 29,647,262 | 14,308,385 | 11,393,999 | 0 |
| 31 Mar 23 | 29,523,029 | 14,385,687 | 12,160,773 | 0 |
| 31 Dec 22 | 28,690,072 | 13,538,193 | 11,089,926 | 0 |
| 30 Sep 22 | 25,837,762 | 13,096,170 | 10,827,632 | 0 |
| 30 Jun 22 | 23,707,333 | 11,611,793 | 10,827,632 | 0 |
| 31 Mar 22 | 21,385,612 | 10,256,880 | 10,241,575 | 0 |
| 31 Dec 21 | 20,209,035 | 9,452,746 | 8,557,675 | 0 |
| 30 Sep 21 | 20,162,130 | 9,623,794 | 8,313,283 | 0 |
| 30 Jun 21 | 19,615,618 | 9,595,751 | 8,313,283 | 0 |
| 31 Mar 21 | 18,428,343 | 8,529,171 | 6,620,461 | 0 |
| 31 Dec 20 | 17,220,235 | 7,582,823 | 7,880,863 | 0 |
| 30 Sep 20 | 17,447,933 | 6,595,373 | 5,995,580 | 0 |
| 30 Jun 20 | 16,906,739 | 6,070,013 | 5,995,580 | 0 |
| 31 Mar 20 | 17,089,497 | 6,081,101 | 6,154,954 | 0 |
| 31 Dec 19 | 15,823,498 | 5,909,937 | 5,406,279 | 0 |
| 30 Sep 19 | 14,538,894 | 5,663,075 | 5,141,325 | 0 |
| 30 Jun 19 | 13,902,041 | 5,423,285 | 5,141,325 | 0 |
| 31 Mar 19 | 12,906,339 | 5,208,455 | 4,853,165 | 0 |
| 31 Dec 18 | 13,100,991 | 4,987,052 | 4,599,894 | 0 |
| 30 Sep 18 | 12,436,724 | 4,213,041 | 4,351,230 | 0 |
| 30 Jun 18 | 11,301,687 | 3,450,416 | 4,351,230 | 0 |
| 31 Mar 18 | 10,833,155 | 2,634,451 | 4,132,243 | 0 |
| 31 Dec 17 | 8,878,982 | 1,968,131 | 3,707,045 | 0 |
| 30 Sep 17 | 7,427,646 | 1,805,268 | 3,704,231 | 0 |
| 30 Jun 17 | 7,076,107 | 1,592,293 | 3,704,231 | 0 |
| 31 Mar 17 | 6,289,074 | 1,443,064 | 4,543,098 | 0 |
| 31 Dec 16 | 6,344,524 | 1,275,174 | 4,352,465 | 0 |
| 30 Sep 16 | 5,926,337 | 1,162,501 | 4,223,613 | 0 |
| 30 Jun 16 | 5,944,098 | 1,110,622 | 4,223,613 | 0 |
| 31 Mar 16 | 5,448,090 | 1,047,794 | 4,068,861 | 0 |
| 31 Dec 15 | 5,358,326 | 1,018,232 | 3,831,502 | 0 |
| 30 Sep 15 | 5,574,024 | 946,880 | 3,928,645 | 0 |
| 30 Jun 15 | 5,146,507 | 929,131 | 3,928,645 | 0 |
| 31 Mar 15 | 5,299,717 | 962,498 | 3,241,445 | 0 |
| 31 Dec 14 | 5,064,309 | 931,802 | 3,448,243 | 0 |
| 30 Sep 14 | 4,037,513 | 526,309 | 3,235,100 | 0 |
| 30 Jun 14 | 4,277,154 | 662,938 | 3,235,100 | 0 |
| 31 Mar 14 | 4,542,212 | 749,411 | 4,262,243 | 0 |
| 31 Dec 13 | 4,564,323 | 806,423 | 3,358,759 | 0 |
Quality Earnings: ACB has high quality earnings.
Growing Profit Margin: ACB's current net profit margins (51%) are higher than last year (48.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ACB's earnings have grown significantly by 22.2% per year over the past 5 years.
Accelerating Growth: ACB's earnings growth over the past year (9.1%) is below its 5-year average (22.2% per year).
Earnings vs Industry: ACB earnings growth over the past year (9.1%) did not outperform the Banks industry 27.5%.
Return on Equity
High ROE: Whilst ACB's Return on Equity (20.61%) is high, this metric is skewed due to their high level of debt.