Solid Year Co (ROCO:6737) Retained Earnings : NT$594 Mil (As of Dec. 2023)

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What is Solid Year Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Solid Year Co's retained earnings for the quarter that ended in Dec. 2023 was NT$594 Mil.

Solid Year Co's quarterly retained earnings declined from Dec. 2022 (NT$530 Mil) to Jun. 2023 (NT$509 Mil) but then increased from Jun. 2023 (NT$509 Mil) to Dec. 2023 (NT$594 Mil).

Solid Year Co's annual retained earnings increased from Dec. 2021 (NT$429 Mil) to Dec. 2022 (NT$530 Mil) and increased from Dec. 2022 (NT$530 Mil) to Dec. 2023 (NT$594 Mil).

Solid Year Co Retained Earnings Historical Data

The historical data trend for Solid Year Co'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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Solid Year Co Retained Earnings Chart

Solid Year Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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243.78

506.59

428.55

529.95

593.79

Solid Year Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial									428.55	478.63	529.95	509.08	593.79

Solid Year Co 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.

Solid Year Co (ROCO:6737) 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.

Solid Year Co (ROCO:6737) Business Description

Industry

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Address

Xintai 5th Road, 18th Floor, No. 97, Section 1, Xizhi District, New Taipei City, Taipei, TWN

Website

http://www.solidyear.com

Solid Year Co Ltd is engaged in producing single-shot and double-shot plastic injection finished products from mold manufacturers specializing in mold design and manufacturing. The company's products are computer keyboard, USB network camera, USB network camera module, driving recorder, hunting machine, projector, gamepad, automotive electronics, in-car multimedia audio and video system, smart rear-view mirror, head-up display, iPhone Computer electronic peripheral products such as Car Box, infant network surveillance camera, among others.

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