Smiths Group (Smiths Group) Retained Earnings : $1,459 Mil (As of Jan. 2024)

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What is Smiths Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Smiths Group's retained earnings for the quarter that ended in Jan. 2024 was $1,459 Mil.

Smiths Group's quarterly retained earnings increased from Jan. 2023 ($1,766 Mil) to Jul. 2023 ($1,844 Mil) but then declined from Jul. 2023 ($1,844 Mil) to Jan. 2024 ($1,459 Mil).

Smiths Group's annual retained earnings increased from Jul. 2021 ($1,888 Mil) to Jul. 2022 ($1,989 Mil) but then declined from Jul. 2022 ($1,989 Mil) to Jul. 2023 ($1,844 Mil).

Smiths Group Retained Earnings Historical Data

The historical data trend for Smiths Group'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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Smiths Group Retained Earnings Chart

Smiths Group Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Retained Earnings

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1,388.54

1,599.75

1,888.12

1,989.21

1,844.07

Smiths Group Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Retained Earnings	Get a 7-Day Free Trial															3,051.49	1,989.21	1,766.22	1,844.07	1,458.70

Smiths Group 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.

Smiths Group (OTCPK:SMGZY) 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.

Smiths Group (Smiths Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Smiths Group PLC (OTCPK:SMGZY) » Definitions » Retained Earnings

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SMGKF:USA SMINl:UK SMIN:UK QS2A:Germany

Address

11-12 St James’s Square, 4th Floor, London, GBR, SW1Y 4LB

Website

https://www.smiths.com

With its start as a London jeweler in the 19th century, Smiths Group has for most of its history operated as a company operating disparate but economically attractive businesses. Thematically, it runs businesses that manufacture niche products in security- or safety-sensitive industries. Today, the business is split across four divisions: mechanical seals, weapons detection, electrical connectors, and specialized hoses. The end customers for these products include airports, NASA, government security or defense departments, and hospitals.