Namoi Cotton (ASX:NAM) Retained Earnings : A$2.1 Mil (As of Feb. 2024)

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What is Namoi Cotton Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Namoi Cotton's retained earnings for the quarter that ended in Feb. 2024 was A$2.1 Mil.

Namoi Cotton's quarterly retained earnings increased from Feb. 2023 (A$-3.8 Mil) to Aug. 2023 (A$8.0 Mil) but then declined from Aug. 2023 (A$8.0 Mil) to Feb. 2024 (A$2.1 Mil).

Namoi Cotton's annual retained earnings increased from Feb. 2022 (A$-5.4 Mil) to Feb. 2023 (A$-3.8 Mil) and increased from Feb. 2023 (A$-3.8 Mil) to Feb. 2024 (A$2.1 Mil).

Namoi Cotton Retained Earnings Historical Data

The historical data trend for Namoi Cotton'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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Namoi Cotton Retained Earnings Chart

Namoi Cotton Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Retained Earnings

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13.47

-0.96

-5.39

-3.81

2.13

Namoi Cotton Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Retained Earnings	Get a 7-Day Free Trial															-5.39	7.01	-3.81	7.99	2.13

Namoi Cotton 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.

Namoi Cotton (ASX:NAM) 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.

Namoi Cotton (ASX:NAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Namoi Cotton Ltd (ASX:NAM) » Definitions » Retained Earnings

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Address

259 Ruthven Street, Toowoomba, QLD, AUS, 4350

Website

https://www.namoicotton.com.au

Namoi Cotton Ltd is engaged in the processing of cotton. The company is involved in the provision of cotton ginning services to cotton farmers, the marketing of cotton seed and by-products of the ginning process and, participation in the marketing of cotton lint bales. Its operating divisions are Ginning Services and Supply Chain & Marketing. The firm generates a majority of its revenue from the Ginning services.

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