Onex (ONEXF) Retained Earnings : $8,283 Mil (As of Dec. 2023)

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What is Onex Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Onex's retained earnings for the quarter that ended in Dec. 2023 was $8,283 Mil.

Onex's quarterly retained earnings increased from Jun. 2023 ($7,811 Mil) to Sep. 2023 ($7,944 Mil) and increased from Sep. 2023 ($7,944 Mil) to Dec. 2023 ($8,283 Mil).

Onex's annual retained earnings declined from Dec. 2021 ($8,070 Mil) to Dec. 2022 ($7,963 Mil) but then increased from Dec. 2022 ($7,963 Mil) to Dec. 2023 ($8,283 Mil).

Onex Retained Earnings Historical Data

The historical data trend for Onex'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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Onex Retained Earnings Chart

Onex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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6,641.00

6,929.00

8,070.00

7,963.00

8,283.00

Onex 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															7,963.00	7,725.00	7,811.00	7,944.00	8,283.00

Onex 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.

Onex (OTCPK:ONEXF) 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.

Onex (ONEXF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Onex Corporation (OTCPK:ONEXF) » Definitions » Retained Earnings

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Address

161 Bay Street, 49th Floor, P.O. Box 700, Toronto, ON, CAN, M5J 2S5

Website

https://www.onex.com

Onex Corporation is a private equity investor and asset management firm. The company operates in two reportable segments: investing, which comprises the activity of investing Onex' capital and asset management, which comprises the asset management activities provided by Onex to support its private equity and Credit strategies, as well as Onex's corporate functions. The majority of the company's revenue is generated through the investing segment.