Hong Fok (SGX:H30) Retained Earnings : S$2,263.2 Mil (As of Dec. 2023)

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What is Hong Fok Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Hong Fok's retained earnings for the quarter that ended in Dec. 2023 was S$2,263.2 Mil.

Hong Fok's quarterly retained earnings increased from Dec. 2022 (S$2,181.5 Mil) to Jun. 2023 (S$2,182.0 Mil) and increased from Jun. 2023 (S$2,182.0 Mil) to Dec. 2023 (S$2,263.2 Mil).

Hong Fok's annual retained earnings increased from Dec. 2021 (S$1,944.6 Mil) to Dec. 2022 (S$2,181.5 Mil) and increased from Dec. 2022 (S$2,181.5 Mil) to Dec. 2023 (S$2,263.2 Mil).

Hong Fok Retained Earnings Historical Data

The historical data trend for Hong Fok'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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Hong Fok Retained Earnings Chart

Hong Fok Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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1,927.79

1,912.35

1,944.59

2,181.53

2,263.19

Hong Fok 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															1,944.59	1,970.28	2,181.53	2,181.96	2,263.19

Hong Fok 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.

Hong Fok (SGX:H30) 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.

Hong Fok (SGX:H30) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hong Fok Corp Ltd (SGX:H30) » Definitions » Retained Earnings

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Address

300 Beach Road, No. 41-00, The Concourse, Singapore, SGP, 199555

Website

http://www.hongfok.com.sg

Hong Fok Corp Ltd is an investment holding company. Its principal activities consist of investment, property development, and construction, property management, investment trading, provision of horticultural services and investment holding and management. The company has three reportable segments: Property investment - which includes investments in investment properties; Property development and construction - which develops retail and residential units, including the sale of residential units, and construction of a hotel; and Property management - which provides maintenance and management services. It generates most of its revenue from the Property investment segment.

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