Suruga Bank (Suruga Bank) Retained Earnings : $1,842.7 Mil (As of Dec. 2023)

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What is Suruga Bank Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Suruga Bank's retained earnings for the quarter that ended in Dec. 2023 was $1,842.7 Mil.

Suruga Bank's quarterly retained earnings declined from Jun. 2023 ($1,817.1 Mil) to Sep. 2023 ($1,778.5 Mil) but then increased from Sep. 2023 ($1,778.5 Mil) to Dec. 2023 ($1,842.7 Mil).

Suruga Bank's annual retained earnings declined from Mar. 2021 ($2,197.5 Mil) to Mar. 2022 ($2,071.2 Mil) and declined from Mar. 2022 ($2,071.2 Mil) to Mar. 2023 ($1,908.1 Mil).

Suruga Bank Retained Earnings Historical Data

The historical data trend for Suruga Bank'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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Suruga Bank Retained Earnings Chart

Suruga Bank Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Retained Earnings

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1,738.85

2,030.21

2,197.47

2,071.18

1,908.08

Suruga Bank 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															1,966.78	1,908.08	1,817.07	1,778.46	1,842.68

Suruga Bank 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.

Suruga Bank (OTCPK:SUGBY) 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.

Suruga Bank (Suruga Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Suruga Bank Ltd (OTCPK:SUGBY) » Definitions » Retained Earnings

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Traded in Other Exchanges

8358:Japan URU:Germany

Address

23 Toriyoko-cho, Numazu, JPN

Website

http://www.surugabank.co.jp

Suruga Bank Ltd. is a regional bank in the Kanto area. The company divides its operations into five core businesses: personal loans, housing loans, asset management, life support, and small- to medium-size corporate lending. Specifically, this includes deposits, loans, foreign exchange transactions, leasing, letters of credit, and credit card services. Within their loan business, Suruga caters to consumers, allowing them to access more credit to work on projects such as renovations and refurbishment in addition to traditional housing loans. The company earns the majority of its revenue from housing loans. The bank operates primarily in Shizuoka and Kanagawa.

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