SMC (SMECF) Retained Earnings : $11,636 Mil (As of Dec. 2023)

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What is SMC Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. SMC's retained earnings for the quarter that ended in Dec. 2023 was $11,636 Mil.

SMC's quarterly retained earnings declined from Jun. 2023 ($11,455 Mil) to Sep. 2023 ($11,240 Mil) but then increased from Sep. 2023 ($11,240 Mil) to Dec. 2023 ($11,636 Mil).

SMC's annual retained earnings increased from Mar. 2021 ($11,750 Mil) to Mar. 2022 ($12,062 Mil) but then declined from Mar. 2022 ($12,062 Mil) to Mar. 2023 ($11,941 Mil).

SMC Retained Earnings Historical Data

The historical data trend for SMC'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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SMC Retained Earnings Chart

SMC Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Retained Earnings

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9,797.71

10,978.39

11,749.85

12,062.04

11,941.00

SMC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															11,453.47	11,941.00	11,454.65	11,240.11	11,635.78

SMC 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.

SMC (OTCPK:SMECF) 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.

SMC (SMECF) Business Description

Industry

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SMCAY:USA 6273:Japan QMC:Germany

Address

4-14-1, Soto-Kanda, Chiyoda-ku, Tokyo, JPN, 101-0021

Website

http://www.smcworld.com

SMC Corp (domiciled in Japan) manufactures automatic control and filtration equipment. Its filters, valves, cylinders, and actuators are sold to customers in various industrial markets, and contribute to automated operations. The company has two reportable business segments: automatic control equipment (majority of total revenues), and others. SMC operates several production facilities, sales offices, and technical development centers to construct various components and streamline the process. Asia accounts for majority of total sales, but the company does utilize offices in the United States, Europe, and other regions of the world. It works to meet the rules and needs of foreign countries to ensure its products can be accepted in differentiated markets.

SMC (SMECF) Headlines

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