ITOCHU (ITOCHU) Retained Earnings : $33,491 Mil (As of Dec. 2023)

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What is ITOCHU Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. ITOCHU's retained earnings for the quarter that ended in Dec. 2023 was $33,491 Mil.

ITOCHU's quarterly retained earnings declined from Jun. 2023 ($32,054 Mil) to Sep. 2023 ($32,050 Mil) but then increased from Sep. 2023 ($32,050 Mil) to Dec. 2023 ($33,491 Mil).

ITOCHU's annual retained earnings increased from Mar. 2021 ($29,797 Mil) to Mar. 2022 ($32,148 Mil) and increased from Mar. 2022 ($32,148 Mil) to Mar. 2023 ($33,122 Mil).

ITOCHU Retained Earnings Historical Data

The historical data trend for ITOCHU'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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ITOCHU Retained Earnings Chart

ITOCHU Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Retained Earnings

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23,467.18

27,381.90

29,797.38

32,147.70

33,122.11

ITOCHU Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															31,929.36	33,122.11	32,054.07	32,049.60	33,491.39

ITOCHU 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.

ITOCHU (OTCPK:ITOCY) 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.

ITOCHU (ITOCHU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » ITOCHU Corp (OTCPK:ITOCY) » Definitions » Retained Earnings

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Traded in Other Exchanges

ITOCF:USA 8001:Japan IOC:Germany IOC:Austria

Address

5-1, Kita Aoyama 2-chome, Minato-ku, Tokyo, JPN, 107-8077

Website

https://www.itochu.co.jp

ITOCHU Corp is a group of businesses that engage in importing, exporting, and trading various products. The traded goods include textiles, machinery, metals, minerals, energy, chemicals, food, general products, realty, and information and communications technology. The largest segments by net profit to the group are Food and Energy and Chemicals. Food segment pursues efficiency-oriented operations from production and distribution to retail in all areas of food from raw materials to finished products both in Japan and overseas. The energy and chemicals segment trades crude oil and oil derivatives and chemicals.

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