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Corporacion Aceros Arequipa (LIM:CORAREC1) Retained Earnings : S/.1,333 Mil (As of Mar. 2024)


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What is Corporacion Aceros Arequipa Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Corporacion Aceros Arequipa's retained earnings for the quarter that ended in Mar. 2024 was S/.1,333 Mil.

Corporacion Aceros Arequipa's quarterly retained earnings increased from Sep. 2023 (S/.1,272 Mil) to Dec. 2023 (S/.1,286 Mil) and increased from Dec. 2023 (S/.1,286 Mil) to Mar. 2024 (S/.1,333 Mil).

Corporacion Aceros Arequipa's annual retained earnings increased from Dec. 2021 (S/.1,185 Mil) to Dec. 2022 (S/.1,263 Mil) and increased from Dec. 2022 (S/.1,263 Mil) to Dec. 2023 (S/.1,286 Mil).


Corporacion Aceros Arequipa Retained Earnings Historical Data

The historical data trend for Corporacion Aceros Arequipa'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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Corporacion Aceros Arequipa Retained Earnings Chart

Corporacion Aceros Arequipa Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 667.53 779.18 1,184.62 1,262.84 1,286.47

Corporacion Aceros Arequipa Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,262.84 - 1,271.84 1,286.47 1,332.85

Corporacion Aceros Arequipa 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.


Corporacion Aceros Arequipa  (LIM:CORAREC1) 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.


Corporacion Aceros Arequipa (LIM:CORAREC1) Business Description

Traded in Other Exchanges
Address
Carretera Panamericana Sur Km. 241, Paracas, Pisco, PER
Corporacion Aceros Arequipa SA is a Peru-based company that manufactures, distributes, and markets iron, steel, and other metal products. Its product portfolio consists of rebar, flat bars, merchant bars, coils, sheets, tubes, and corrugated sheets, among others. The firm's products are used in construction, mining, heavy metalworking industry, and others. Geographically the majority of its revenue comes from Peru.

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