Vodafone Group (LSE:VOD) Retained Earnings : £-99,074 Mil (As of Sep. 2023)

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What is Vodafone Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Vodafone Group's retained earnings for the quarter that ended in Sep. 2023 was £-99,074 Mil.

Vodafone Group's quarterly retained earnings increased from Sep. 2022 (£-107,115 Mil) to Mar. 2023 (£-99,768 Mil) and increased from Mar. 2023 (£-99,768 Mil) to Sep. 2023 (£-99,074 Mil).

Vodafone Group's annual retained earnings increased from Mar. 2021 (£-104,362 Mil) to Mar. 2022 (£-101,999 Mil) and increased from Mar. 2022 (£-101,999 Mil) to Mar. 2023 (£-99,768 Mil).

Vodafone Group Retained Earnings Historical Data

The historical data trend for Vodafone 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.

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Vodafone Group Retained Earnings Chart

Vodafone Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Retained Earnings

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-100,106.53

-107,449.72

-104,362.18

-101,998.57

-99,767.52

Vodafone Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Retained Earnings	Get a 7-Day Free Trial															-104,466.29	-101,998.57	-107,114.89	-99,767.52	-99,073.56

Vodafone Group 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.

Vodafone Group (LSE:VOD) 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.

Vodafone Group (LSE:VOD) Business Description

Industry

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VODPF:USA VOD:USA VOD N:Mexico VODl:UK VODI:Germany V1OD34:Brazil VOD:Austria VOD:Argentina

Address

Vodafone House, The Connection, Newbury, Berkshire, GBR, RG14 2FN

Website

https://www.vodafone.com

Vodafone operates mobile and fixed-line networks and businesses in more than 20 countries. Its largest market is Germany, where it is the second mobile operator after Deutsche Telekom and owns a cable network after acquiring Kabel Deutschland in 2013 and Liberty Global Germany in 2019. In the U.K. and Italy, it acts as a mobile operator, while in Spain it offers converged services after the acquisition of cable operator Ono in 2014. Vodafone also has operations in several Central European and African countries, which combined represent around one third of revenue.