Nexteer Automotive Group (Nexteer Automotive Group) Retained Earnings : $1,950 Mil (As of Dec. 2023)

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What is Nexteer Automotive Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Nexteer Automotive Group's retained earnings for the quarter that ended in Dec. 2023 was $1,950 Mil.

Nexteer Automotive Group's quarterly retained earnings increased from Dec. 2022 ($1,926 Mil) to Jun. 2023 ($1,948 Mil) and increased from Jun. 2023 ($1,948 Mil) to Dec. 2023 ($1,950 Mil).

Nexteer Automotive Group's annual retained earnings increased from Dec. 2021 ($1,888 Mil) to Dec. 2022 ($1,926 Mil) and increased from Dec. 2022 ($1,926 Mil) to Dec. 2023 ($1,950 Mil).

Nexteer Automotive Group Retained Earnings Historical Data

The historical data trend for Nexteer Automotive Group'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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Nexteer Automotive Group Retained Earnings Chart

Nexteer Automotive Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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1,757.45

1,791.00

1,888.36

1,925.81

1,950.31

Nexteer Automotive Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial															1,888.36	1,855.02	1,925.81	1,948.01	1,950.31

Nexteer Automotive Group 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.

Nexteer Automotive Group (OTCPK:NTXVF) 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.

Nexteer Automotive Group (Nexteer Automotive Group) Business Description

Industry

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01316:Hong Kong

Address

1272 Doris Road, Auburn Hills, MI, USA, 48326

Website

https://www.nexteer.com

Nexteer Automotive Group Ltd offers advanced steering and driveline systems. The company's customers are well-known automakers like BMW, Fiat Chrysler, Ford, GM, and Toyota, as well as automakers in India, South America, and China. The business units are electric power steering, hydraulic power steering, steering columns, driveline, and half shafts. The electric power steering includes columns, an intermediate shaft, and steering gear, EPS motors, sensors, controllers, and assist mechanisms. The Group classifies its businesses into three reportable segments: North America, Asia Pacific, and Europe, Middle East, Africa and South America (EMEASA). All of the Group's operating segments typically offer the same steering and driveline products, the majority are derived from North America.