GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Mengniu Dairy Co Ltd (OTCPK:CIADY) » Definitions » Retained Earnings

China Mengniu Dairy Co (China Mengniu Dairy Co) Retained Earnings : $4,771 Mil (As of Dec. 2023)


View and export this data going back to 2008. Start your Free Trial

What is China Mengniu Dairy Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. China Mengniu Dairy Co's retained earnings for the quarter that ended in Dec. 2023 was $4,771 Mil.

China Mengniu Dairy Co's quarterly retained earnings increased from Dec. 2022 ($4,224 Mil) to Jun. 2023 ($4,534 Mil) and increased from Jun. 2023 ($4,534 Mil) to Dec. 2023 ($4,771 Mil).

China Mengniu Dairy Co's annual retained earnings increased from Dec. 2021 ($3,837 Mil) to Dec. 2022 ($4,224 Mil) and increased from Dec. 2022 ($4,224 Mil) to Dec. 2023 ($4,771 Mil).


China Mengniu Dairy Co Retained Earnings Historical Data

The historical data trend for China Mengniu Dairy Co's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

China Mengniu Dairy Co Retained Earnings Chart

China Mengniu Dairy Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,347.60 3,016.61 3,836.78 4,223.92 4,770.87

China Mengniu Dairy Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,836.78 4,210.96 4,223.92 4,534.44 4,770.87

China Mengniu Dairy Co Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


China Mengniu Dairy Co  (OTCPK:CIADY) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


China Mengniu Dairy Co (China Mengniu Dairy Co) Business Description

Traded in Other Exchanges
Address
262 Gloucester Road, Causeway Bay, 32nd Floor, COFCO Tower, Hong Kong, HKG
China Mengniu Dairy, or Mengniu, is China's second-largest dairy producer by market share. The company produces a wide range of dairy products including liquid milk, ice cream, milk formula and cheese. Liquid milk, composed of milk, milk beverages and yogurt, contributed close to 80% of Mengniu's revenue in 2022. Flagship lineups include Deluxe, Mengniu Pure Milk, Just Yogurt and Yoyi C. Mengniu also owns two infant formula brands including Yashili and Bellamy as well as Milkground, a cheese brand.

China Mengniu Dairy Co (China Mengniu Dairy Co) Headlines

From GuruFocus

Matthews China Comments on China Mengniu Dairy

By Holly LaFon 10-22-2015