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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Latin American Discovery Fund's retained earnings for the quarter that ended in Jun. 2018 was $0.55 Mil.
Latin American Discovery Fund's quarterly retained earnings increased from . 20 ($0.00 Mil) to Dec. 2017 ($0.38 Mil) and increased from Dec. 2017 ($0.38 Mil) to Jun. 2018 ($0.55 Mil).
Latin American Discovery Fund's annual retained earnings stayed the same from . 20 ($0.00 Mil) to . 20 ($0.00 Mil) but then increased from . 20 ($0.00 Mil) to Dec. 2017 ($0.38 Mil).
The historical data trend for Latin American Discovery Fund'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.
Latin American Discovery Fund Annual Data | |||
Trend | Dec17 | ||
Retained Earnings | 0.38 |
Latin American Discovery Fund Semi-Annual Data | ||
Dec17 | Jun18 | |
Retained Earnings | 0.38 | 0.55 |
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.
Latin American Discovery Fund (NYSE:LDF) 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.
City Of London Investment Group Plc | 10 percent owner | 77 GRACECHURCH STREET, LONDON X0 EC3V0AS |
Eric J Carlson | officer: Portfolio Manager | MORGAN STANLEY INVESTMENT MANAGEMENT, 522 5TH AVENUE, FLOOR 20, NEW YORK NY 10036 |
Paul C Psaila | officer: Portfolio Manager | MORGAN STANLEY INVESTMENT MANAGEMENT, 522 5TH AVENUE, FLOOR 20, NEW YORK NY 10036 |
City Of London Investment Management Co Ltd | 10 percent owner | 77 GRACECHURCH STREET, LONDON X0 EC3V0AS |
Patricia A Maleski | director | C/O J P MORGAN INVESTMENT MANAGEMENT INC, 522 FIFTH AVENUE, NEW YORK NY 10036 |
Timothy J Knierim | officer: CCO | 100 MULBERRY STREET, NEWARK NJ 07102 |
Nancy Everett | director | 1812 PARK AVE, RICHMOND VA 23220 |
Jakki L. Haussler | director | 221 EAST FOURTH STREET, CINCINNATI OH 45202 |
Joseph C Benedetti | officer: Vice President | C/O INVESCO, 225 LIBERTY STREET, NEW YORK NY 10281 |
John H Gernon | officer: Principle Executive Officer | 522 5TH AVENUE, NEW YORK NY 10036 |
Arthur Jason Lev | officer: President and PEO | 522 5TH AVENUE, NEW YORK NY 10036 |
Gaite Ali | other: Portfolio Manager | 522 5TH AVENUE, NEW YORK NY 10036 |
Sara Furber | officer: President and PEO | MORGAN STANLEY INVESTMENT MANAGEMENT, 522 FIFTH AVE, NEW YORK NY 10036 |
Mary Ann Picciotto | officer: CCO of the Advisor | LORD, ABBETT & CO. LLC, 90 HUDSON STREET, JERSEY CITY NJ 07302 |
Frank J Smith | officer: PFO & Treasurer | C/O MORGAN STANLEY INVESTMENT MAN, 1221 AVENUE OF THE AVENUE 22ND FL, NEW YORK NY 10020 |
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