Geotech Holdings (HKSE:01707) Retained Earnings : HK$-17.1 Mil (As of Dec. 2023)

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What is Geotech Holdings Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Geotech Holdings's retained earnings for the quarter that ended in Dec. 2023 was HK$-17.1 Mil.

Geotech Holdings's quarterly retained earnings declined from Dec. 2022 (HK$-0.7 Mil) to Jun. 2023 (HK$-6.8 Mil) and declined from Jun. 2023 (HK$-6.8 Mil) to Dec. 2023 (HK$-17.1 Mil).

Geotech Holdings's annual retained earnings declined from Dec. 2021 (HK$0.0 Mil) to Dec. 2022 (HK$-0.7 Mil) and declined from Dec. 2022 (HK$-0.7 Mil) to Dec. 2023 (HK$-17.1 Mil).

Geotech Holdings Retained Earnings Historical Data

The historical data trend for Geotech Holdings'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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Geotech Holdings Retained Earnings Chart

Geotech Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-0.73

-17.10

Geotech Holdings Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial												-	-	-0.73	-6.76	-17.10

Geotech Holdings 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.

Geotech Holdings (HKSE:01707) 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.

Geotech Holdings (HKSE:01707) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Geotech Holdings Ltd (HKSE:01707) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

2 Queen’s Road Central, Unit 1920, 19th Floor, Cheung Kong Center, Central, Hong Kong, HKG

Website

https://www.geotech.hk

Geotech Holdings Ltd is an investment holding company. The firm is engaged in the provision of construction and engineering services and property-related services. It is principally engaged in the slope works in Hong Kong as the main contractor. It mainly operates in two segments; Construction and engineering services and Property-related services. The group undertakes slope works as the main contractor and undertakes ground investigation field works as a subcontractor. It derives the majority of its revenue from Hong Kong. The Construction and engineering services segment derives key revenue for the firm.

Executives

Chen Zhi	2201 Interest of corporation controlled by you
Star Merit Global Limited	2101 Beneficial owner
Cheung Ting Kam	2201 Interest of corporation controlled by you

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