Luxxu Group (HKSE:01327) Retained Earnings : HK$-489.48 Mil (As of Dec. 2023)

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What is Luxxu Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Luxxu Group's retained earnings for the quarter that ended in Dec. 2023 was HK$-489.48 Mil.

Luxxu Group's quarterly retained earnings declined from Dec. 2022 (HK$-461.05 Mil) to Jun. 2023 (HK$-468.59 Mil) and declined from Jun. 2023 (HK$-468.59 Mil) to Dec. 2023 (HK$-489.48 Mil).

Luxxu Group's annual retained earnings declined from Dec. 2021 (HK$-447.83 Mil) to Dec. 2022 (HK$-461.05 Mil) and declined from Dec. 2022 (HK$-461.05 Mil) to Dec. 2023 (HK$-489.48 Mil).

Luxxu Group Retained Earnings Historical Data

The historical data trend for Luxxu Group'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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Luxxu Group Retained Earnings Chart

Luxxu Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-447.83

-461.05

-489.48

Luxxu Group 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															-447.83	-	-461.05	-468.59	-489.48

Luxxu Group 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.

Luxxu Group (HKSE:01327) 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.

Luxxu Group (HKSE:01327) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Luxxu Group Ltd (HKSE:01327) » Definitions » Retained Earnings

Traded in Other Exchanges

N/A

Address

18 Queen’s Road Central, Unit 2302, 23rd Floor, New World Tower 1, Hong Kong, HKG

Website

http://www.luxxu.hk

Luxxu Group Ltd is an investment company engaged in the manufacturing and sales of own-branded watches and jewelry, including but not limited to diamond watches, tourbillion watches and luxury jewelry accessories, OEM watches, and third-party watches. Geographically, it operates in Asia, the PRC, and Europe, with Asia deriving the majority of the revenue. It derives key revenue from the sale of branded watches.

Executives

Lin Zhiqiang	2201 Interest of corporation controlled by you
Visual Wise Limited	2101 Beneficial owner

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