TRIP.COM GROUP Reports Second Quarter Earnings Results for Fiscal Year 2023

September 7, 2023

🌥️Earnings Overview

The TRIP.COM GROUP ($SGX:K3RD) reported its earnings results for the second quarter of 2023, which ended June 30th. Total revenue for the quarter was CNY 11247.0 million, an increase of 180.4% compared to the same period in the previous year. Net income was CNY 631.0 million, up significantly from CNY 69.0 million in the prior year.

Price History

The company’s stock opened at SG$46.0 and closed at the same rate, indicating a stable quarter overall. The financial report showed a positive overall performance, with the company seeing an increase in revenue and a decrease in expenses. The increase in revenue was fueled by increases in sales of its online travel products. This includes air tickets, hotels, and vacation packages.

Additionally, the company has seen growth in its package tour business, which has increased its customer base and helped to expand its customer base throughout Asia. The decrease in expenses comes mainly from cost savings initiatives such as renegotiating supplier contracts and streamlining processes. This allows the company to focus more on providing a better customer experience and expanding its reach in the region. Overall, the company saw positive results for the quarter and looks forward to further growth in the coming quarters. The company’s stock has remained stable since the announcement of its earnings results, indicating the public’s confidence that TRIP.COM GROUP is on track to deliver further success. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Group. More…

    Total Revenues Net Income Net Margin
    32.36k 6.33k 18.7%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Group. More…

    Operations Investing Financing
    2.64k 1.14k -6.72k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Group. More…

    Total Assets Total Liabilities Book Value Per Share
    218.22k 99.81k 182.08
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for 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%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    As GoodWhale’s analysis of TRIP.COM GROUP‘s financials shows, the company has a high health score of 8/10 with regard to its cashflows and debt. This means that TRIP.COM GROUP is capable to pay off debt and fund future operations. We also determined that the company belongs to a type of companies we label “cheetah” – those that have achieved high revenue or earnings growth but are considered less stable due to lower profitability. Given this information, TRIP.COM GROUP may be an attractive investment opportunity for investors who are looking for a company with high growth potential and long-term financial stability. Furthermore, as GoodWhale’s rating of TRIP.COM GROUP’s financials shows, the company is strong in growth, medium in asset, profitability and weak in dividend. Therefore, this would make the company ideal for investors who are looking for a high-growth opportunity with long-term viability. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Summary

    TRIP.COM GROUP has reported strong financial results for Q2 of 2023, with total revenue increasing by 180.4% year-over-year. Net income also increased from CNY 69.0 million to CNY 631.0 million during the same period. These results demonstrate the company’s strong growth potential and potential for long-term value creation, making it a promising investment opportunity.

    Analysts view the company’s earnings report as a positive indication of future performance and are bullish on the stock for the near future. Investors should consider adding TRIP.COM GROUP to their portfolios to capitalize on potential upside.

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