AGC (ASGLY) Retained Earnings : $6,060 Mil (As of Dec. 2023)

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What is AGC Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. AGC's retained earnings for the quarter that ended in Dec. 2023 was $6,060 Mil.

AGC's quarterly retained earnings declined from Jun. 2023 ($6,444 Mil) to Sep. 2023 ($6,148 Mil) and declined from Sep. 2023 ($6,148 Mil) to Dec. 2023 ($6,060 Mil).

AGC's annual retained earnings declined from Dec. 2021 ($8,151 Mil) to Dec. 2022 ($6,595 Mil) and declined from Dec. 2022 ($6,595 Mil) to Dec. 2023 ($6,060 Mil).

AGC Retained Earnings Historical Data

The historical data trend for AGC'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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AGC Retained Earnings Chart

AGC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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7,438.88

7,887.66

8,150.81

6,595.47

6,060.13

AGC 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															6,595.47	6,658.82	6,443.71	6,147.73	6,060.13

AGC 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.

AGC (OTCPK:ASGLY) 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.

AGC (ASGLY) Business Description

Industry

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ASGLF:USA 5201:Japan SHJ:Germany

Address

1-5-1, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8405

Website

https://www.agc.com

AGC Inc produces and sells glass and glass-related products in two segments based on product type: Automotive glass and Float glass. The Automotive glass segment, which generates the majority of revenue, is the largest automotive glass supplier in India. The Float glass segment manufactures and sells glass products to the architectural, interior design, and construction industries. The segment also produces solar glass, which is used for solar power generation. Nearly all of the company's revenue comes from India.

AGC (ASGLY) Headlines

From GuruFocus

AGC: The World's Largest Glass Manufacturer

By Holmes Osborne, CFA Holmes Osborne, CFA • 04-18-2019