KONE Oyj (KONE Oyj) Retained Earnings : $2,070 Mil (As of Mar. 2024)

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What is KONE Oyj Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. KONE Oyj's retained earnings for the quarter that ended in Mar. 2024 was $2,070 Mil.

KONE Oyj's quarterly retained earnings increased from Sep. 2023 ($2,491 Mil) to Dec. 2023 ($2,854 Mil) but then declined from Dec. 2023 ($2,854 Mil) to Mar. 2024 ($2,070 Mil).

KONE Oyj's annual retained earnings declined from Dec. 2021 ($2,880 Mil) to Dec. 2022 ($2,565 Mil) but then increased from Dec. 2022 ($2,565 Mil) to Dec. 2023 ($2,854 Mil).

KONE Oyj Retained Earnings Historical Data

The historical data trend for KONE Oyj'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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KONE Oyj Retained Earnings Chart

KONE Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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2,986.56

3,341.36

2,880.23

2,564.51

2,853.76

KONE Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial															1,981.59	2,254.28	2,490.72	2,853.76	2,069.78

KONE Oyj 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.

KONE Oyj (OTCPK:KNYJY) 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.

KONE Oyj (KONE Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » KONE Oyj (OTCPK:KNYJY) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

KNYJF:USA 1KNEBV:Italy KNEBVh:UK 0II2:UK KNEBV:Finland KC4:Germany

Address

Keilasatama 3, P.O. Box 7, Espoo, FIN, FI-02150

Website

https://www.kone.com

Kone is a global top-four supplier of elevators and escalators. Kone began producing elevators in Finland in 1918 and today generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing its installed base. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. The bulk of Kone's business is in elevators, which are more numerous globally than escalators. Its business model is similar to its closest competitors Otis, Schindler, and TK Elevator.