Ciech (WAR:CIE) Retained Earnings : zł682 Mil (As of Sep. 2023)

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What is Ciech Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Ciech's retained earnings for the quarter that ended in Sep. 2023 was zł682 Mil.

Ciech's quarterly retained earnings declined from Mar. 2023 (zł1,651 Mil) to Jun. 2023 (zł631 Mil) but then increased from Jun. 2023 (zł631 Mil) to Sep. 2023 (zł682 Mil).

Ciech's annual retained earnings increased from Dec. 2020 (zł982 Mil) to Dec. 2021 (zł1,106 Mil) and increased from Dec. 2021 (zł1,106 Mil) to Dec. 2022 (zł1,594 Mil).

Ciech Retained Earnings Historical Data

The historical data trend for Ciech'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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Ciech Retained Earnings Chart

Ciech Annual Data

Trend

Dec13

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Dec15

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Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Retained Earnings

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1,089.30

1,199.66

982.42

1,106.15

1,594.04

Ciech Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Retained Earnings	Get a 7-Day Free Trial															1,340.61	1,594.04	1,651.43	630.84	682.37

Ciech 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.

Ciech (WAR:CIE) 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.

Ciech (WAR:CIE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ciech SA (WAR:CIE) » Definitions » Retained Earnings

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Address

ul Wspolna Street 62, Warsaw, POL, 00-684

Website

https://www.ciechgroup.com

Ciech SA manufactures and sells soda ash, glass, and chemical-based products. The firm's four segments are based on product type and function. The Soda segment, which generates the majority of revenue, sells soda ash used in the production of glass, detergents, and chemicals. Agro Segment is a manufacturer of crop protection products used in agriculture. The resins segment produces epoxy resins and polyester resins. Foams Segment is a producer of polyurethane foams, mainly used in the furniture industry for upholstered furniture and mattresses. Silicates Segment manufactures sodium silicates and potassium silicates. The packaging segment manufactures glass packaging lanterns and jars, used in the food industry and for the production of headstone lamps.

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