SBS Transit (SGX:S61) Retained Earnings : S$540 Mil (As of Dec. 2023)

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What is SBS Transit Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. SBS Transit's retained earnings for the quarter that ended in Dec. 2023 was S$540 Mil.

SBS Transit's quarterly retained earnings increased from Dec. 2022 (S$506 Mil) to Jun. 2023 (S$524 Mil) and increased from Jun. 2023 (S$524 Mil) to Dec. 2023 (S$540 Mil).

SBS Transit's annual retained earnings increased from Dec. 2021 (S$460 Mil) to Dec. 2022 (S$506 Mil) and increased from Dec. 2022 (S$506 Mil) to Dec. 2023 (S$540 Mil).

SBS Transit Retained Earnings Historical Data

The historical data trend for SBS Transit'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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SBS Transit Retained Earnings Chart

SBS Transit Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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385.70

446.26

460.32

505.75

540.44

SBS Transit 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															460.32	487.33	505.75	523.55	540.44

SBS Transit 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.

SBS Transit (SGX:S61) 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.

SBS Transit (SGX:S61) Business Description

Industry

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Address

205 Braddell Road, Singapore, SGP, 579701

Website

https://www.sbstransit.com.sg

SBS Transit Ltd is a scheduled bus service operator in Singapore. The company operates through two segments comprising Public Transport Services and Other Commercial Services. The Public Transport Services include income generated from the provision of bus and rail services to commuters traveling on public transport systems. The Other Commercial Services include income generated from advertisements on buses and trains and rental collection from commercial and shop space at bus interchanges and rail stations. The firm generates its revenue from the Public Transport Service segment.

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