Globe Telecom (PHS:GLO) Retained Earnings : ₱80,352 Mil (As of Mar. 2024)

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What is Globe Telecom Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Globe Telecom's retained earnings for the quarter that ended in Mar. 2024 was ₱80,352 Mil.

Globe Telecom's quarterly retained earnings increased from Sep. 2023 (₱76,361 Mil) to Dec. 2023 (₱77,149 Mil) and increased from Dec. 2023 (₱77,149 Mil) to Mar. 2024 (₱80,352 Mil).

Globe Telecom's annual retained earnings increased from Dec. 2021 (₱49,775 Mil) to Dec. 2022 (₱68,540 Mil) and increased from Dec. 2022 (₱68,540 Mil) to Dec. 2023 (₱77,149 Mil).

Globe Telecom Retained Earnings Historical Data

The historical data trend for Globe Telecom'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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Globe Telecom Retained Earnings Chart

Globe Telecom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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37,169.60

40,682.49

49,775.47

68,539.65

77,149.26

Globe Telecom 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															72,191.72	75,001.03	76,361.01	77,149.26	80,352.17

Globe Telecom 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.

Globe Telecom (PHS:GLO) 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.

Globe Telecom (PHS:GLO) Business Description

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GTMEY:USA

Address

32nd Street Corner 7th Avenue, 27th Floor, The Globe Tower, Bonifacio Global City, Taguig, PHL, 1634

Website

https://www.globe.com.ph

Globe Telecom Inc is a telecommunications company that provides mobile, voice, and broadband services. Its operating segments are Mobile Business, Fixed Line and Broadband Business. Mobile involves traditional mobile services and contributes the majority of company revenue. Within the mobile division, the majority of subscribers are considered prepaid customers. The other division, fixed-line and broadband, provides fixed-line voice services, corporate data, and Internet for its customers. The company generates the vast majority of its revenue in the Philippines.