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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. G-III Apparel Group's retained earnings for the quarter that ended in Jan. 2024 was $1,160 Mil.
G-III Apparel Group's quarterly retained earnings increased from Jul. 2023 ($1,004 Mil) to Oct. 2023 ($1,131 Mil) and increased from Oct. 2023 ($1,131 Mil) to Jan. 2024 ($1,160 Mil).
G-III Apparel Group's annual retained earnings declined from Jan. 2022 ($1,117 Mil) to Jan. 2023 ($984 Mil) but then increased from Jan. 2023 ($984 Mil) to Jan. 2024 ($1,160 Mil).
The historical data trend for G-III Apparel Group'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.
G-III Apparel Group Annual Data | |||||||||||||||||||||
Trend | Jan15 | Jan16 | Jan17 | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | 893.14 | 916.68 | 1,117.01 | 983.94 | 1,160.11 |
G-III Apparel Group Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Retained Earnings | Get a 7-Day Free Trial | 983.94 | 987.18 | 1,003.62 | 1,131.26 | 1,160.11 |
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.
G-III Apparel Group (NAS:GIII) 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.
Neal Nackman | officer: Chief Financial Officer/Treas | C/O G-III APPAREL GROUP LTD, 512 SEVENTH AVENUE, NEW YORK NY 10019 |
Laura H Pomerantz | director | |
Alan Feller | director | C/O GIII APPAREL GROUP LTD, 512 SEVENTH AVE, NEW YORK NY 10018 |
Sammy Aaron | director, officer: Vice Chairman | C/O GIII APPAREL GROUP, 512 SEVENTH AVENUE, NEW YORK NY 10019 |
Andrew Yaeger | director | 512 SEVENTH AVE., NEW YORK NY 10018 |
Joyce F Brown | director | C/O RALPH LAUREN CORPORATION, 650 MADISON AVENUE, NEW YORK NY 10022 |
Michael A Shaffer | director | C/O PHILLIPS-VAN HEUSEN CORPORATION, 200 MADISON AVENUE, NEW YORK NY 10016 |
Morris Goldfarb | director, 10 percent owner, officer: Chief Executive Officer | C/O G-III APPAREL GROUP, 345 W 37TH ST, NY NY 10018 |
Amigo Victor Herrero | director | C/O CHW ACQUISITION CORPORATION, 2 MANHATTANVILLE ROAD, SUITE 403, PURCHASE NY 10577 |
Jeffrey David Goldfarb | director, other: Dir. of Business Develop. | G-III APPAREL, 512 SEVENTH AVENUE, NEW YORK NY 10018 |
Patti H Ongman | director | C/O MACY'S, INC., 7 WEST SEVENTH STREET, CINCINNATI OH 45202 |
Lisa W Wardell | director | 5900 RYLAND DRIVE, BETHESDA MD 20817 |
Thomas Brosig | director | C/O GIII APPAREL GROUP LTD, 512 SEVENTH AVE, NEW YORK NY 10018 |
Wayne S Miller | officer: Chief Operating Officer | C/O GIII APPAREL GROUP LTD, 512 SEVENTH AVE, NEW YORK NY 10018 |
Robert L Johnson | director | C/O RLJ COMPANIES, 3 BETHESDA METRO CENTER, SUITE 1000, BETHESDA MD 20814 |
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