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Safilo Group SpA (Safilo Group SpA) Retained Earnings : $-36 Mil (As of Dec. 2023)


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What is Safilo Group SpA Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Safilo Group SpA's retained earnings for the quarter that ended in Dec. 2023 was $-36 Mil.

Safilo Group SpA's quarterly retained earnings increased from Dec. 2022 ($-708 Mil) to Jun. 2023 ($-21 Mil) but then declined from Jun. 2023 ($-21 Mil) to Dec. 2023 ($-36 Mil).

Safilo Group SpA's annual retained earnings increased from Dec. 2021 ($-848 Mil) to Dec. 2022 ($-708 Mil) and increased from Dec. 2022 ($-708 Mil) to Dec. 2023 ($-36 Mil).


Safilo Group SpA Retained Earnings Historical Data

The historical data trend for Safilo Group SpA'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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Safilo Group SpA Retained Earnings Chart

Safilo Group SpA 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 -669.07 -974.42 -848.06 -707.87 -36.33

Safilo Group SpA 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 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 -848.06 -716.58 -707.87 -21.02 -36.33

Safilo Group SpA 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.


Safilo Group SpA  (OTCPK:SAFLY) 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.


Safilo Group SpA (Safilo Group SpA) Business Description

Traded in Other Exchanges
Address
Settima Strada, 15, Padua, ITA, 35129
Safilo Group SpA makes sunglasses and prescription eyewear. It is engaged in design, production, and wholesale distribution of its products through a network of independent distributors and commercial subsidiaries. Its products are sold through the Carrera, Smith, Polaroid and Oxydo brands, as well as a range of other licensed brands. The company operates solely through the wholesale segment channels and divides itself into the following four geographical segments: Italy, Europe, America, and Asia. The company earns most of its revenue from the America business segment.

Safilo Group SpA (Safilo Group SpA) Headlines