Honma Golf (HKSE:06858) Retained Earnings : HK$591 Mil (As of Sep. 2023)

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What is Honma Golf Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Honma Golf's retained earnings for the quarter that ended in Sep. 2023 was HK$591 Mil.

Honma Golf's quarterly retained earnings increased from Sep. 2022 (HK$0 Mil) to Mar. 2023 (HK$507 Mil) and increased from Mar. 2023 (HK$507 Mil) to Sep. 2023 (HK$591 Mil).

Honma Golf's annual retained earnings increased from Mar. 2021 (HK$0 Mil) to Mar. 2022 (HK$493 Mil) and increased from Mar. 2022 (HK$493 Mil) to Mar. 2023 (HK$507 Mil).

Honma Golf Retained Earnings Historical Data

The historical data trend for Honma Golf'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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Honma Golf Retained Earnings Chart

Honma Golf Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Retained Earnings

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493.25

506.55

Honma Golf Semi-Annual Data
	Mar14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Retained Earnings	Get a 7-Day Free Trial														-	493.25	-	506.55	590.61

Honma Golf 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.

Honma Golf (HKSE:06858) 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.

Honma Golf (HKSE:06858) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Honma Golf Ltd (HKSE:06858) » Definitions » Retained Earnings

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Address

35th Floor, Roppongi Hills, Mori Tower, P.O. Box No. 62, 6-10-1, Roppongi, Minatoku, Tokyo, JPN

Website

https://www.honmagolf.com

Honma Golf Ltd is an investment holding company. It is engaged in the design, manufacturing, and sale of golf-related products and the rendering of services relating to such products. Geographically, it derives a majority of revenue from Japan and also has a presence in Korea, China, North America, Europe, and the Rest of the world. The group currently offers golf clubs mainly under three major product families, namely BERES, TOUR WORLD and Be ZEAL.

Executives

Huang Wenhuan	2202 Interest of your spouse
Liu Jianguo	2307 Founder of a discretionary trust who can infl
Kouunn Holdings Limited	2101 Beneficial owner
Gold Genius Development Limited	2106 Person having a security interest in shares
Splendid Steed Investments Limited	2201 Interest of corporation controlled by you
Ma Jianrong	2201 Interest of corporation controlled by you
Vistra Trust (hong Kong) Limited	2301 Trustee
Charoen Pokphand Group Company Limited	2201 Interest of corporation controlled by you
Dazzling Coast Limited	2201 Interest of corporation controlled by you
Prize Ray Limited	2201 Interest of corporation controlled by you
Itochu Corporation	2101 Beneficial owner
Yuanta Financial Holding Co., Ltd	2201 Interest of corporation controlled by you

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