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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Credit Acceptance's retained earnings for the quarter that ended in Mar. 2024 was $1,350 Mil.
Credit Acceptance's quarterly retained earnings increased from Sep. 2023 ($1,432 Mil) to Dec. 2023 ($1,476 Mil) but then declined from Dec. 2023 ($1,476 Mil) to Mar. 2024 ($1,350 Mil).
Credit Acceptance's annual retained earnings declined from Dec. 2021 ($1,627 Mil) to Dec. 2022 ($1,381 Mil) but then increased from Dec. 2022 ($1,381 Mil) to Dec. 2023 ($1,476 Mil).
The historical data trend for Credit Acceptance'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.
Credit Acceptance Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | 2,492.20 | 2,138.80 | 1,626.70 | 1,381.10 | 1,475.60 |
Credit Acceptance 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 | 1,473.30 | 1,487.90 | 1,432.40 | 1,475.60 | 1,349.80 |
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.
Credit Acceptance (NAS:CACC) 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.
Wendy A Rummler | officer: Senior VP, Human Resources | 25505 WEST TWELVE MILE ROAD, SOUTHFIELD MI 48034 |
Douglas W Busk | officer: Sr. Vice President & Treasurer | 25505 WEST TWELVE MILE ROAD, SOUTH FIELD MI 48034 |
Nicholas J Elliott | officer: Chief Alignment Officer | 25505 WEST TWELVE MILE RD, SOUTHFIELD MI 48034 |
Arthur L Smith | officer: Chief Analytics Officer | 25505 W 12 MILE ROAD, SOUTHFIELD MI 48034 |
Sean Edward Quinn | director | C/O CIMPRESS PLC, 275 WYMAN STREET, WALTHAM MA 02451 |
Thomas W Smith | 10 percent owner, other: Member of Section 13(d) Group | 2200 BUTTS ROAD, SUITE 320, BOCA RATON FL 33431 |
Scott J Vassalluzzo | director, 10 percent owner, other: Member of Section 13(d) Group | 2200 BUTTS ROAD, SUITE 320, BOCA RATON FL 33431 |
Donald A. Foss Irrevocable Trust Dated August 14, 2022 | 10 percent owner | 39395 W. TWELVE MILE ROAD, SUITE 200, FARMINGTON HILLS MI 48331 |
Daniel A. Ulatowski | officer: Chief Sales Officer | 25505 W 12 MILE ROAD, SOUTHFIELD MI 48034 |
Andrew K Rostami | officer: Chief Mktg and Product Officer | 25505 WEST TWELVE MILE ROAD, SOUTHFIELD MI 48034 |
Prescott General Partners Llc | 10 percent owner, other: Member of Section 13(d) Group | 2200 BUTTS ROAD, SUITE 320, BOCA RATON FL 33431 |
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Thomas N Tryforos | director | 323 RAILROAD AVE, GREENWICH CT 06830 |
Kenneth Booth | officer: Chief Financial Officer | 25505 WEST TWELVE MILE ROAD, SOUTHFIELD MI 48034 |
Donald A Foss | director, 10 percent owner, officer: Chairman | 29777 TELEGRAPH ROAD, SUITE 2611, SOUTHFIELD MI 48034 |
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