Morphic Ethical Equity Fund (ASX:MEC) Retained Earnings : A$22.91 Mil (As of Dec. 2022)

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What is Morphic Ethical Equity Fund Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Morphic Ethical Equity Fund's retained earnings for the quarter that ended in Dec. 2022 was A$22.91 Mil.

Morphic Ethical Equity Fund's quarterly retained earnings declined from Sep. 2021 (A$-3.22 Mil) to Mar. 2022 (A$-12.93 Mil) but then increased from Mar. 2022 (A$-12.93 Mil) to Dec. 2022 (A$22.91 Mil).

Morphic Ethical Equity Fund's annual retained earnings declined from Sep. 2019 (A$-1.00 Mil) to Sep. 2020 (A$-1.30 Mil) and declined from Sep. 2020 (A$-1.30 Mil) to Sep. 2021 (A$-3.22 Mil).

Morphic Ethical Equity Fund Retained Earnings Historical Data

The historical data trend for Morphic Ethical Equity 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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Morphic Ethical Equity Fund Retained Earnings Chart

Morphic Ethical Equity Fund Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Retained Earnings

-0.83

-1.00

-1.30

-3.22

Morphic Ethical Equity Fund Semi-Annual Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Dec22
Retained Earnings	Get a 7-Day Free Trial					-1.30	-1.30	-3.22	-12.93	22.91

Morphic Ethical Equity 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.

Morphic Ethical Equity Fund (ASX:MEC) 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.

Morphic Ethical Equity Fund (ASX:MEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Morphic Ethical Equity Fund Ltd (ASX:MEC) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

179 Elizabeth Street, Level 11, Sydney, NSW, AUS, 2000

Website

https://www.morphicasset.com

Morphic Ethical Equity Fund Ltd seeks to provide investors a way to grow their wealth. The fund excludes direct investments in entities involved in environmental destruction, including coal and uranium mining, oil and gas, intensive animal farming and aquaculture, tobacco and alcohol, armaments, gambling and rainforest.