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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. MarineMax's retained earnings for the quarter that ended in Dec. 2023 was $741 Mil.
MarineMax's quarterly retained earnings increased from Jun. 2023 ($725 Mil) to Sep. 2023 ($740 Mil) and increased from Sep. 2023 ($740 Mil) to Dec. 2023 ($741 Mil).
MarineMax's annual retained earnings increased from Sep. 2021 ($433 Mil) to Sep. 2022 ($631 Mil) and increased from Sep. 2022 ($631 Mil) to Sep. 2023 ($740 Mil).
The historical data trend for MarineMax'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.
MarineMax Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | 202.46 | 277.70 | 432.68 | 630.67 | 739.95 |
MarineMax 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 | 680.39 | 724.81 | 739.95 | 740.88 | 742.47 |
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.
MarineMax (NYSE:HZO) 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.
Clint Moore | director | 2600 MCCORMICK DRIVE, SUITE 200`, CLEARWATER FL 33759 |
Charles A Cashman | officer: Vice President East Operations | 18167 US HIGHWAY 19 NORTH SUITE 300, CLEARWATER FL 33764 |
Rebecca White | director | 2600 MCCORMICK DRIVE, SUITE 200, CLEARWATER FL 33759 |
Cassella Anthony E. Jr. | officer: Chief Accounting Officer | 2600 MCCORMICK DRIVE, SUITE 200, CLEARWATER FL 33759 |
Kyle Langbehn | officer: EVP, President of Retail | 2600 MCCORMICK DRIVE, SUITE 200, CLEARWATER FL 33759 |
Shawn Berg | officer: EVP, Chief Digital Officer | 2600 MCCORMICK DRIVE, SUITE 200, CLEARWATER FL 33759 |
Mercedes Romero | director | 4221 WEST BOY SCOUT BOULEVARD, TAMPA FL 33607 |
Hilliard M Eure | director | 24301 WALDEN CENTER DR, BONITA SPRINGS FL 34134 |
Joseph Allen Watters | director | 1100 GLENDON AVENUE, SUITE PH-8, LOS ANGELES CA 90024 |
Michael H Mclamb | director, officer: Executive VP, CFO and Sec | C/O MARINEMAX INC, 18167 U SHIGHWAY NORTH SUITE 499, CLEARWATER FL 33764 |
Adam M. Johnson | director | 2600 MCCORMICK DRIVE, SUITE 200, CLEARWATER FL 33759 |
William B Mcgill | officer: Vice President West Operations | 18167 US HIGHWAY 19 NORTH SUITE 300, CLEARWATER FL 33764 |
Mcgill William H Jr | director, officer: President, Chairman and CEO | C/O MARINEMAX INC, 18167 US HIGHWAY 18 N, CLEARWATER FL 33764 |
George E Borst | director | 2600 MCCORMICK DRIVE, SUITE 200, CLEARWATER FL 33759 |
Charles R Oglesby | director | C/O NALLEY AUTOMOTIVE - SUGARLOAF PARK, 2905 PREMIERE PARKWAY NW, SUITE 300, DULUTH GA 30097 |
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