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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Retractable Technologies's retained earnings for the quarter that ended in Mar. 2024 was $39.16 Mil.
Retractable Technologies's quarterly retained earnings declined from Sep. 2023 ($38.92 Mil) to Dec. 2023 ($38.79 Mil) but then increased from Dec. 2023 ($38.79 Mil) to Mar. 2024 ($39.16 Mil).
Retractable Technologies's annual retained earnings increased from Dec. 2021 ($41.18 Mil) to Dec. 2022 ($46.03 Mil) but then declined from Dec. 2022 ($46.03 Mil) to Dec. 2023 ($38.79 Mil).
The historical data trend for Retractable Technologies'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.
Retractable Technologies Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | -33.89 | -9.67 | 41.18 | 46.03 | 38.79 |
Retractable Technologies 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 | 46.96 | 43.04 | 38.92 | 38.79 | 39.16 |
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.
Retractable Technologies (AMEX:RVP) 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.
Thomas J Shaw | director, 10 percent owner, officer: President and CEO | 511 LOBO LANE, LITTLE ELM TX 75068 |
Braden Michael Leonard | 10 percent owner | 156 S. FIRST STREET, ZIONSVILLE IN 46077 |
Bigby Walter O Jr | director | 816 BENTON RD, BOSSIER CITY LA 71111 |
Darren E Findley | director | 1618 GRASSMERE RD, FRANKLIN TN 37064 |
Russell B Kuhlman | director, officer: Vice President of Sales | 511 LOBO LANE, PO BOX 9, LITTLE ELM TX 75068 |
Fort John W Iii | director, officer: Chief Financial Officer | 511 LOBO LANE, LITTLE ELM TX 75068 |
Amy Mack | director | 1701 LEGACY DRIVE SUITE 100, FRISCO TX 75034 |
Clarence D Zierhut | director | 1217 BLUEBIRD LANE, GARLAND TX 75042 |
Lillian E Salerno | 10 percent owner | 777 7TH AVENUE, UNIT 308, WASHINGTON DC 20001 |
Suzanne M August | 10 percent owner | 340 NORTH JULIA CIRCLE, ST. PETERSBURG FL 33706 |
Steven R Wisner | director, officer: Exec. VP, Eng & Prod. | 511 LOBO LANE, PO BOX 9, LITTLE ELM TX 75068 |
Marco Laterza | director | P.O. BOX 64104, EL PASO TX 79904 |
Jimmie Shiu | director | 511 LOBO LANE, P.O. BOX 9, LITTLE ELM TX 75068 |
Patti King | director | 9145 MARTIN ROAD, ROSWELL GA 30076 |
Michele Larios | officer: Vice President/General Counsel | 511 LOBO LANE, LITTLE ELM TX 75068 |
From GuruFocus
By GuruFocus Research • 08-22-2023
By gurufocus • 03-16-2009
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