Vietnam Commercial Bank for Industry and Trade Past Earnings Performance
Past criteria checks 5/6
Vietnam Commercial Bank for Industry and Trade has been growing earnings at an average annual rate of 23.3%, while the Banks industry saw earnings growing at 24.5% annually. Revenues have been growing at an average rate of 14.5% per year. Vietnam Commercial Bank for Industry and Trade's return on equity is 15.9%, and it has net margins of 43.8%.
Key information
23.3%
Earnings growth rate
23.3%
EPS growth rate
| Banks Industry Growth | 25.8% |
| Revenue growth rate | 14.5% |
| Return on equity | 15.9% |
| Net Margin | 43.8% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Vietnam Commercial Bank for Industry and Trade 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 | 45,433,024 | 19,903,550 | 19,234,875 | 0 |
| 30 Sep 23 | 42,789,675 | 18,000,184 | 19,030,902 | 0 |
| 30 Jun 23 | 41,840,399 | 17,475,437 | 18,893,496 | 0 |
| 31 Mar 23 | 40,604,215 | 16,917,544 | 18,464,578 | 0 |
| 31 Dec 22 | 40,326,587 | 14,514,187 | 17,987,218 | 0 |
| 30 Sep 22 | 38,222,367 | 13,538,433 | 17,811,877 | 0 |
| 30 Jun 22 | 35,926,359 | 12,659,877 | 16,638,142 | 0 |
| 31 Mar 22 | 32,846,108 | 10,264,659 | 16,583,176 | 0 |
| 31 Dec 21 | 34,775,006 | 12,062,285 | 16,293,071 | 0 |
| 30 Sep 21 | 37,734,252 | 14,765,257 | 15,989,301 | 0 |
| 30 Jun 21 | 37,679,523 | 14,642,137 | 16,102,889 | 0 |
| 31 Mar 21 | 38,469,665 | 15,963,592 | 15,210,517 | 0 |
| 31 Dec 20 | 33,189,244 | 11,916,525 | 15,028,672 | 0 |
| 30 Sep 20 | 29,161,872 | 8,835,264 | 14,332,355 | 0 |
| 30 Jun 20 | 29,383,176 | 9,009,755 | 14,348,641 | 0 |
| 31 Mar 20 | 27,417,119 | 7,204,769 | 14,699,852 | 0 |
| 31 Dec 19 | 27,515,855 | 7,318,504 | 14,632,010 | 0 |
| 30 Sep 19 | 21,413,665 | 5,972,631 | 12,856,781 | 0 |
| 30 Jun 19 | 20,450,334 | 5,332,976 | 12,678,914 | 0 |
| 31 Mar 19 | 20,550,288 | 5,374,425 | 12,710,293 | 0 |
| 31 Dec 18 | 20,642,673 | 5,274,803 | 12,936,978 | 0 |
| 30 Sep 18 | 25,296,087 | 6,010,888 | 17,137,752 | 0 |
| 30 Jun 18 | 25,172,468 | 6,089,711 | 16,174,351 | 0 |
| 31 Mar 18 | 25,100,714 | 6,154,413 | 15,370,389 | 0 |
| 31 Dec 17 | 24,275,971 | 5,757,490 | 14,440,510 | 0 |
| 30 Sep 17 | 23,387,770 | 6,004,979 | 13,422,058 | 0 |
| 30 Jun 17 | 22,859,618 | 5,829,614 | 13,165,863 | 0 |
| 31 Mar 17 | 21,910,018 | 5,445,142 | 12,726,086 | 0 |
| 31 Dec 16 | 21,302,546 | 5,332,961 | 12,293,856 | 0 |
| 30 Sep 16 | 20,163,418 | 5,291,012 | 11,090,870 | 0 |
| 30 Jun 16 | 19,532,187 | 4,939,178 | 11,075,194 | 0 |
| 31 Mar 16 | 19,370,048 | 5,232,308 | 10,535,408 | 0 |
| 31 Dec 15 | 18,064,898 | 4,557,921 | 10,236,179 | 0 |
| 30 Sep 15 | 17,686,955 | 4,897,034 | 9,724,984 | 0 |
| 30 Jun 15 | 17,439,696 | 4,721,630 | 8,691,732 | 0 |
| 31 Mar 15 | 17,113,410 | 4,822,344 | 9,432,398 | 0 |
| 31 Dec 14 | 17,107,957 | 4,712,883 | 9,438,266 | 0 |
| 30 Sep 14 | 16,284,512 | 3,661,848 | 9,679,033 | 0 |
| 30 Jun 14 | 16,956,351 | 4,600,869 | 9,081,890 | 0 |
| 31 Mar 14 | 16,967,450 | 4,788,524 | 8,910,168 | 0 |
| 31 Dec 13 | 17,164,386 | 4,692,449 | 9,024,020 | 0 |
| 30 Sep 13 | 17,655,838 | 5,634,214 | 6,855,008 | 0 |
| 30 Jun 13 | 17,759,645 | 6,155,601 | 8,520,800 | 0 |
Quality Earnings: CTG has high quality earnings.
Growing Profit Margin: CTG's current net profit margins (43.8%) are higher than last year (36%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: CTG's earnings have grown significantly by 23.3% per year over the past 5 years.
Accelerating Growth: CTG's earnings growth over the past year (37.1%) exceeds its 5-year average (23.3% per year).
Earnings vs Industry: CTG earnings growth over the past year (37.1%) exceeded the Banks industry 6.2%.
Return on Equity
High ROE: CTG's Return on Equity (15.9%) is considered low.