Me Lin Steel Past Earnings Performance
Past criteria checks 2/6
Me Lin Steel's earnings have been declining at an average annual rate of -114.8%, while the Trade Distributors industry saw earnings declining at 5% annually. Revenues have been declining at an average rate of 1.6% per year. Me Lin Steel's return on equity is 1.8%, and it has net margins of 0.6%.
Key information
-114.8%
Earnings growth rate
-114.8%
EPS growth rate
| Trade Distributors Industry Growth | -13.1% |
| Revenue growth rate | -1.6% |
| Return on equity | 1.8% |
| Net Margin | 0.6% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Me Lin Steel 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 | 773,805 | 4,526 | 11,685 | 0 |
| 30 Jun 24 | 689,436 | 4,514 | 11,214 | 0 |
| 31 Mar 24 | 711,130 | 3,720 | 11,478 | 0 |
| 31 Dec 23 | 670,825 | 4,446 | 13,386 | 0 |
| 30 Sep 23 | 693,844 | -3,616 | 13,551 | 0 |
| 30 Jun 23 | 672,456 | -3,571 | 14,594 | 0 |
| 31 Mar 23 | 654,543 | -3,109 | 15,636 | 0 |
| 31 Dec 22 | 773,751 | 5,676 | 14,134 | 0 |
| 30 Sep 22 | 752,300 | 25,338 | 14,959 | 0 |
| 30 Jun 22 | 768,953 | 36,558 | 14,954 | 0 |
| 31 Mar 22 | 771,949 | 54,328 | 14,978 | 0 |
| 31 Dec 21 | 687,531 | 63,016 | 15,516 | 0 |
Quality Earnings: MEL has high quality earnings.
Growing Profit Margin: MEL became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if MEL's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: MEL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MEL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Trade Distributors industry (-9%).
Return on Equity
High ROE: MEL's Return on Equity (1.8%) is considered low.