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East Group Co (SZSE:300376) Retained Earnings : ¥3,856 Mil (As of Mar. 2024)


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What is East Group Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. East Group Co's retained earnings for the quarter that ended in Mar. 2024 was ¥3,856 Mil.

East Group Co's quarterly retained earnings declined from Sep. 2023 (¥3,891 Mil) to Dec. 2023 (¥3,810 Mil) but then increased from Dec. 2023 (¥3,810 Mil) to Mar. 2024 (¥3,856 Mil).

East Group Co's annual retained earnings increased from Dec. 2021 (¥3,104 Mil) to Dec. 2022 (¥3,369 Mil) and increased from Dec. 2022 (¥3,369 Mil) to Dec. 2023 (¥3,810 Mil).


East Group Co Retained Earnings Historical Data

The historical data trend for East Group Co'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.

* Premium members only.

East Group Co Retained Earnings Chart

East Group Co 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 2,451.11 2,682.95 3,104.03 3,369.16 3,809.58

East Group Co Quarterly Data
Jun19 Sep19 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 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 3,476.97 3,678.19 3,891.36 3,809.58 3,855.61

East Group Co 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.


East Group Co  (SZSE:300376) 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.


East Group Co (SZSE:300376) Business Description

Traded in Other Exchanges
N/A
Address
No. 6 Northern Industry Road, Songshan lake, Science and Technology Industrial Park, Dongguan, CHN, 523808
East Group Co Ltd operates as a power supply manufacturer in China. It focuses on providing green, energy-saving, stable, reliable and continuous power supplies. The products offered by the group include Solar inverters & Solar PV energy solutions, UPS & Data center solutions, Electric vehicle charging station, Stabilizer and Lead-acid maintenance-free battery. Geographically it operates through China and it holds more than 200 representative offices around China. The company's products are sold in both Chinese and international markets.
Executives
Dai Bao Feng Director
Zhang Tao Executives
Xu Hai Bo Directors, executives
Zhang Shun Jiang Executives
Yu Wei Directors, executives
He Jia Director
Shi Xiao Li Supervisors
He Si Mo Directors, executives
Zhao Jiu Hong Directors, executives
Yang Qin Supervisors
Chen Yong Hua Executives
Sun Xiao Ling Supervisors

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