TRIP.COM GROUP Reports Record Q2 Revenue Growth of 180.4%
September 7, 2023
☀️Earnings Overview
At the end of June 30 2023, TRIP.COM GROUP ($NASDAQ:TCOM) revealed total revenue of CNY 11247.0 million, a 180.4% surge compared to the same quarter in the previous year. Net income for the quarter was also significantly higher at CNY 631.0 million, up from the CNY 69.0 million reported in the same period in the year prior.
Analysis
GoodWhale has conducted an analysis of TRIP.COM GROUP‘s fundamentals, and has determined that it is a high risk investment. This high risk rating is based on both financial and business aspects. In terms of the income sheet, balance sheet, and non financial risk warnings, GoodWhale has detected three key areas of risk. To get a closer look at these risk warnings, investors can register on GoodWhale.com and take advantage of the analysis. Understanding the risk associated with investments is a crucial part of making wise financial decisions, so it is important to check out GoodWhale’s analysis to get a better idea of what TRIP.COM GROUP’s risk profile looks like. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Trip.com Group. More…
| Total Revenues | Net Income | Net Margin |
| 32.36k | 6.33k | 18.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Trip.com Group. More…
| Operations | Investing | Financing |
| 2.64k | 1.14k | -6.72k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Trip.com Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 218.22k | 99.81k | 182.08 |
Key Ratios Snapshot
Some of the financial key ratios for Trip.com Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.6% | 117.8% | 29.8% |
| FCF Margin | ROE | ROA |
| 6.6% | 5.2% | 2.8% |
Summary
TRIP.COM GROUP reported strong financial results for the second quarter of 2023, with total revenue increasing by 180.4% year-on-year to CNY 11247.0 million and net income rising significantly to CNY 631.0 million compared to the prior year period. Despite this impressive performance, the stock price dropped on the same day, indicating that investors may be wary of taking a long-term view on the company. The financials suggest that TRIP.COM GROUP is well-positioned to continue its growth trajectory in the medium to long-term, but investors should monitor further developments in order to make an informed decision about investing in the company.
