A.O. Smith (FRA:3SM) Retained Earnings : €3,090 Mil (As of Mar. 2024)

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What is A.O. Smith Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. A.O. Smith's retained earnings for the quarter that ended in Mar. 2024 was €3,090 Mil.

A.O. Smith's quarterly retained earnings increased from Sep. 2023 (€2,969 Mil) to Dec. 2023 (€2,988 Mil) and increased from Dec. 2023 (€2,988 Mil) to Mar. 2024 (€3,090 Mil).

A.O. Smith's annual retained earnings increased from Dec. 2021 (€2,502 Mil) to Dec. 2022 (€2,723 Mil) and increased from Dec. 2022 (€2,723 Mil) to Dec. 2023 (€2,988 Mil).

A.O. Smith Retained Earnings Historical Data

The historical data trend for A.O. Smith'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.

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A.O. Smith Retained Earnings Chart

A.O. Smith Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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2,091.06

2,062.89

2,501.54

2,723.44

2,987.68

A.O. Smith Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial															2,770.71	2,841.36	2,968.89	2,987.68	3,089.91

A.O. Smith 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.

A.O. Smith (FRA:3SM) 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.

A.O. Smith (FRA:3SM) Business Description

Industry

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AOS:USA

Address

11270 West Park Place, P. O. Box 245008, Suite 170, Milwaukee, WI, USA, 53224-9508

Website

https://www.aosmith.com

A.O. Smith Corporation manufactures and markets comprehensive lines of residential and commercial gas, gas tankless, and electric water heaters. Supplementary products include water heating equipment, condensing and noncondensing boilers, and water system tanks. The company's two operating segments are by geographic region: North America (majority of total revenue) and the Rest of the World. A material portion of sales in North America derive from replacing existing products, and the company utilizes a wholesale distribution channel and multiple selling locations. The Rest of the World segment sells majorly in Asian countries and operates sales offices to expand distribution and market its product portfolio.

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