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Casey's General Stores (MEX:CASY) Retained Earnings : MXN58,570 Mil (As of Jul. 2024)


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What is Casey's General Stores Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Casey's General Stores's retained earnings for the quarter that ended in Jul. 2024 was MXN58,570 Mil.

Casey's General Stores's quarterly retained earnings increased from Jan. 2024 (MXN50,104 Mil) to Apr. 2024 (MXN50,987 Mil) and increased from Apr. 2024 (MXN50,987 Mil) to Jul. 2024 (MXN58,570 Mil).

Casey's General Stores's annual retained earnings increased from Apr. 2022 (MXN44,004 Mil) to Apr. 2023 (MXN45,879 Mil) and increased from Apr. 2023 (MXN45,879 Mil) to Apr. 2024 (MXN50,987 Mil).


Casey's General Stores Retained Earnings Historical Data

The historical data trend for Casey's General Stores'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.

* Premium members only.

Casey's General Stores Retained Earnings Chart

Casey's General Stores Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38,604.25 37,791.22 44,004.47 45,879.44 50,986.60

Casey's General Stores Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 45,200.47 51,383.79 50,104.26 50,986.60 58,570.28

Casey's General Stores 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.


Casey's General Stores  (MEX:CASY) 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.


Casey's General Stores Business Description

Traded in Other Exchanges
Address
One Se Convenience Boulevard, Ankeny, IA, USA, 50021
Casey's serves as the nation's third-largest convenience store chain with its more than 2,600 locations primarily positioned in the Midwest United States. About half of Casey's stores are located in rural towns with populations under 5,000. While fueling stations serve as a key traffic driver, about two thirds of the company's gross profit stems from in-store sales of grocery items, prepared meals, and general merchandise. Casey's owns more than 90% of its stores and operates most of its warehousing and distribution processes internally.