ManpowerGroup (ManpowerGroup) Retained Earnings

: $3,813 Mil (As of Dec. 2023)

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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. ManpowerGroup's retained earnings for the quarter that ended in Dec. 2023 was $3,813 Mil.

ManpowerGroup's quarterly retained earnings increased from Jun. 2023 ($3,938 Mil) to Sep. 2023 ($3,969 Mil) but then declined from Sep. 2023 ($3,969 Mil) to Dec. 2023 ($3,813 Mil).

ManpowerGroup's annual retained earnings increased from Dec. 2021 ($3,635 Mil) to Dec. 2022 ($3,869 Mil) but then declined from Dec. 2022 ($3,869 Mil) to Dec. 2023 ($3,813 Mil).

ManpowerGroup Retained Earnings Historical Data

The historical data trend for ManpowerGroup'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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ManpowerGroup Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

3,494.10

3,388.80

3,634.60

3,868.50

3,813.00

ManpowerGroup Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings																3,868.50	3,946.30	3,938.40	3,968.70	3,813.00

ManpowerGroup 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.

ManpowerGroup (NYSE:MAN) 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.

ManpowerGroup (ManpowerGroup) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ManpowerGroup Inc (NYSE:MAN) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

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Address

100 Manpower Place, Milwaukee, WI, USA, 53212

Website

https://www.manpowergroup.com

Manpower is one of the three largest multinational firms in the fragmented and over $600 billion global staffing industry. The firm generates most of its sales outside the U.S. and boasts a vast global footprint. Its client base consists of mainly large and multinational companies, but the firm also services small and midsize businesses through its local branch network. It offers each main staffing service (temporary, permanent, and project based) across a variety of professions under its four subsidiary brands: Experis specializes in IT placements; Talent Solutions provides recruitment process outsourcing, or RPO, and outplacement services; Jefferson Wells serves finance, tax, and compliance needs; Manpower focuses on manufacturing, administrative, and assembly positions.

Executives

Donald O Mondano	officer: SVP, Global Controller	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Ulice Jr Payne	director	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Muriel Francoise Penicaud	director	22 PASSAGE COURTOIS, PARIS I0 75011
John T Mcginnis	officer: EVP, CFO	C/O MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Richard Buchband	officer: SVP, General Counsel	100 MANPOWER PLACE, MILWAUKEE WI 53212
Cari M Dominguez	director	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Jean Philippe Courtois	director	MICROSOFT CORPORATION, ONE MICROSOFT WAY, REDMOND WA 98052-6399
William P Gipson	director	1201 S 2ND STREET, MILWAUKEE WI 53204
Michelle Nettles	officer: Chief People & Culture	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Mara E Swan	officer: EVP	C/O ADOLPH COORS CO, 311 10TH ST. MH311, GOLDEN CO 80401-0030
Gina Boswell	director	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Jonas Prising	director, officer: CEO	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Van Handel Michael J	officer: EVP, CFO	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Sriram Chandrashekar	officer: EVP	10 HOE CHIANG ROAD #21, 04/05 KEPPEL TOWERS, SINGAPORE U0 089315
William Downe	director	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212