Galaxy Core (SHSE:688728) Retained Earnings : ¥2,736 Mil (As of Mar. 2024)

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What is Galaxy Core Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Galaxy Core's retained earnings for the quarter that ended in Mar. 2024 was ¥2,736 Mil.

Galaxy Core's quarterly retained earnings declined from Sep. 2023 (¥2,708 Mil) to Dec. 2023 (¥2,706 Mil) but then increased from Dec. 2023 (¥2,706 Mil) to Mar. 2024 (¥2,736 Mil).

Galaxy Core's annual retained earnings increased from Dec. 2021 (¥2,299 Mil) to Dec. 2022 (¥2,738 Mil) but then declined from Dec. 2022 (¥2,738 Mil) to Dec. 2023 (¥2,706 Mil).

Galaxy Core Retained Earnings Historical Data

The historical data trend for Galaxy Core'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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Galaxy Core Retained Earnings Chart

Galaxy Core Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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1,040.55

2,299.00

2,737.82

2,706.10

Galaxy Core Quarterly Data
	Dec17	Dec18	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															2,608.63	2,714.99	2,707.58	2,706.10	2,736.27

Galaxy Core 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.

Galaxy Core (SHSE:688728) 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.

Galaxy Core (SHSE:688728) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Galaxy Core Inc (SHSE:688728) » Definitions » Retained Earnings

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Address

No. 560 Shengxia Road, 11th Floor, Building 2, Pudong New Area, Shanghai, CHN, 201203

Website

https://www.gcoreinc.com

Galaxy Core Inc is engaged in the research and development, design and sales of CMOS image sensors and display driver chips.

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