ASICS (ASCCF) Retained Earnings : $1,025 Mil (As of Dec. 2023)

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What is ASICS Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. ASICS's retained earnings for the quarter that ended in Dec. 2023 was $1,025 Mil.

ASICS's quarterly retained earnings increased from Jun. 2023 ($1,002 Mil) to Sep. 2023 ($1,032 Mil) but then declined from Sep. 2023 ($1,032 Mil) to Dec. 2023 ($1,025 Mil).

ASICS's annual retained earnings declined from Dec. 2021 ($968 Mil) to Dec. 2022 ($899 Mil) but then increased from Dec. 2022 ($899 Mil) to Dec. 2023 ($1,025 Mil).

ASICS Retained Earnings Historical Data

The historical data trend for ASICS'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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ASICS Retained Earnings Chart

ASICS Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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1,163.76

1,034.65

968.13

898.83

1,024.86

ASICS 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															898.83	996.38	1,002.18	1,031.96	1,024.86

ASICS 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.

ASICS (OTCPK:ASCCF) 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.

ASICS (ASCCF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » ASICS Corp (OTCPK:ASCCF) » Definitions » Retained Earnings

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ASCCY:USA 7936:Japan ASI1:Germany

Address

1-1, Minatojima-Nakamachi 7-chome, Chuo-ku, Kobe, JPN, 650-8555

Website

http://www.asics.co.jp

ASICS Corp is a Japanese manufacturer and distributor of sporting goods. The company organises itself across three business domains: athletic sports, sports lifestyle, and health/comfort. Athletic sports provide equipment for running, Asics' core business; training; tennis; and rugby. Sports lifestyle includes fashion and lifestyle apparel and footwear. Health/comfort includes casual leather shoes, safety shoes, and nursing care facilities. The company reports results for three segments: sports shoes, sportswear, and sports equipment. The sports shoes segment contributes to the vast majority of consolidated revenue. Geographically, sales made domestically, across the Americas, and in EMEA contribute significantly to revenue, and collectively constitute the vast majority of sales.

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