iWin Co (XKRX:090150) Retained Earnings : ₩4,319 Mil (As of Mar. 2024)

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What is iWin Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. iWin Co's retained earnings for the quarter that ended in Mar. 2024 was ₩4,319 Mil.

iWin Co's quarterly retained earnings declined from Sep. 2023 (₩19,288 Mil) to Dec. 2023 (₩-17,004 Mil) but then increased from Dec. 2023 (₩-17,004 Mil) to Mar. 2024 (₩4,319 Mil).

iWin Co's annual retained earnings declined from Dec. 2021 (₩26,358 Mil) to Dec. 2022 (₩20,332 Mil) and declined from Dec. 2022 (₩20,332 Mil) to Dec. 2023 (₩-17,004 Mil).

iWin Co Retained Earnings Historical Data

The historical data trend for iWin Co'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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iWin Co Retained Earnings Chart

iWin Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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24,660.66

25,805.67

26,358.17

20,332.08

-17,003.83

iWin Co 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															19,567.35	18,246.42	19,288.01	-17,003.83	4,318.88

iWin Co 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.

iWin Co (XKRX:090150) 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.

iWin Co (XKRX:090150) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » iWin Co Ltd (XKRX:090150) » Definitions » Retained Earnings

Traded in Other Exchanges

N/A

Address

841-4, Ballyong-Ri, Jangan-Eup, Gijang-Gun, Busan, KOR

Website

http://www.kwangjinwintec.com

iWin Co Ltd, formerly Kwangjin Wintec Co Ltd is a Korea-based company engaged in the manufacturing and distribution of automobile parts. Its products portfolio consists of seat heaters, which use carbon fibers as heating element and control the temperature through thermostats; climatic seats, which eliminate heat and sweat on the back and buttocks by forcing the cold air from air conditioning to circulate by fans; heated steering wheel covers, which eliminate chills from steering wheels by using heating materials, as well as textiles for car seats.

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