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GigaCloud Technology (GigaCloud Technology) Retained Earnings : $204.9 Mil (As of Mar. 2024)


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What is GigaCloud Technology Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. GigaCloud Technology's retained earnings for the quarter that ended in Mar. 2024 was $204.9 Mil.

GigaCloud Technology's quarterly retained earnings increased from Sep. 2023 ($142.1 Mil) to Dec. 2023 ($177.7 Mil) and increased from Dec. 2023 ($177.7 Mil) to Mar. 2024 ($204.9 Mil).

GigaCloud Technology's annual retained earnings increased from Dec. 2021 ($60.6 Mil) to Dec. 2022 ($83.6 Mil) and increased from Dec. 2022 ($83.6 Mil) to Dec. 2023 ($177.7 Mil).


GigaCloud Technology Retained Earnings Historical Data

The historical data trend for GigaCloud Technology'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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GigaCloud Technology Retained Earnings Chart

GigaCloud Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
- 32.80 60.56 83.59 177.70

GigaCloud Technology Quarterly Data
Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 99.53 117.92 142.12 177.70 204.89

GigaCloud Technology 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.


GigaCloud Technology  (NAS:GCT) 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.


GigaCloud Technology (GigaCloud Technology) Business Description

Traded in Other Exchanges
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Address
24-30 Ice House Street, Unit A, 12th Floor, Shun Ho Tower, Central, Hong Kong, HKG
GigaCloud Technology Inc end-to-end B2B e-commerce solutions for large parcel merchandise. Its B2B e-commerce platform, which refers to as the GigaCloud Marketplace, integrates everything from discovery, payments, and logistics tools into one easy-to-use platform. It offers online and offline integrated cross-border transaction and delivery services for furniture and large merchandise. Its marketplace seamlessly connects manufacturers in Asia, with resellers in the U.S., Asia, and Europe, to execute cross-border transactions with confidence, speed, and efficiency. It offers a truly comprehensive solution that transports products from the manufacturer's warehouse to end customers, all at one fixed price.

GigaCloud Technology (GigaCloud Technology) Headlines

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