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Apex Spinning & Knitting Mills (DHA:APEXSPINN) Retained Earnings : BDT251 Mil (As of Dec. 2023)


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What is Apex Spinning & Knitting Mills Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Apex Spinning & Knitting Mills's retained earnings for the quarter that ended in Dec. 2023 was BDT251 Mil.

Apex Spinning & Knitting Mills's quarterly retained earnings increased from Jun. 2023 (BDT252 Mil) to Sep. 2023 (BDT259 Mil) but then declined from Sep. 2023 (BDT259 Mil) to Dec. 2023 (BDT251 Mil).

Apex Spinning & Knitting Mills's annual retained earnings increased from Jun. 2021 (BDT227 Mil) to Jun. 2022 (BDT239 Mil) and increased from Jun. 2022 (BDT239 Mil) to Jun. 2023 (BDT252 Mil).


Apex Spinning & Knitting Mills Retained Earnings Historical Data

The historical data trend for Apex Spinning & Knitting Mills'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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Apex Spinning & Knitting Mills Retained Earnings Chart

Apex Spinning & Knitting Mills Annual Data
Trend Mar14 Mar15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 214.42 227.14 239.32 252.00

Apex Spinning & Knitting Mills 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 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 236.96 245.23 252.00 259.48 251.24

Apex Spinning & Knitting Mills 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.


Apex Spinning & Knitting Mills  (DHA:APEXSPINN) 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.


Apex Spinning & Knitting Mills (DHA:APEXSPINN) Business Description

Traded in Other Exchanges
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Address
18 Gulshan Avenue, Shanta Skymark, 8th & 13th Floor, Gulshan, Dhaka, BGD, 1212
Apex Spinning & Knitting Mills Ltd is a Bangladesh based company that operates as a manufacturer and exporter of all kinds of textiles knitted garments. The company is principally operating in manufacturing high-quality Knit-garments for infants, children, and womenswear using fabrics produced in-house.

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