L1 Long Short Fund (ASX:LSF) Retained Earnings : A$-146.5 Mil (As of Dec. 2022)

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What is L1 Long Short Fund Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. L1 Long Short Fund's retained earnings for the quarter that ended in Dec. 2022 was A$-146.5 Mil.

L1 Long Short Fund's quarterly retained earnings stayed the same from Dec. 2021 (A$-146.5 Mil) to Jun. 2022 (A$-146.5 Mil) and stayed the same from Jun. 2022 (A$-146.5 Mil) to Dec. 2022 (A$-146.5 Mil).

L1 Long Short Fund's annual retained earnings stayed the same from Jun. 2020 (A$-146.5 Mil) to Jun. 2021 (A$-146.5 Mil) and stayed the same from Jun. 2021 (A$-146.5 Mil) to Jun. 2022 (A$-146.5 Mil).

L1 Long Short Fund Retained Earnings Historical Data

The historical data trend for L1 Long Short 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.

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L1 Long Short Fund Retained Earnings Chart

L1 Long Short Fund Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Retained Earnings

-75.44

-124.84

-146.49

L1 Long Short Fund Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Retained Earnings	Get a 7-Day Free Trial					-146.49	-146.49	-146.49	-146.49	-146.49

L1 Long Short Fund 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.

L1 Long Short Fund (ASX:LSF) 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.

L1 Long Short Fund (ASX:LSF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » L1 Long Short Fund Ltd (ASX:LSF) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

Level 7, 330 Collins Street, Melbourne, VIC, AUS, 3000

Website

https://www.l1longshort.com

L1 Long Short Fund Ltd provides investors with access to an actively managed long and short portfolio of securities and the investment expertise of the manager. The company's investment process combines valuation with qualitative considerations to identify attractive investment opportunities. It operates in one industry being the securities industry, deriving revenue from dividend and trust distribution income, interest income, and from the sale of its trading portfolio.