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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Maximus's retained earnings for the quarter that ended in Dec. 2023 was $1,163 Mil.
Maximus's quarterly retained earnings increased from Jun. 2023 ($1,076 Mil) to Sep. 2023 ($1,118 Mil) and increased from Sep. 2023 ($1,118 Mil) to Dec. 2023 ($1,163 Mil).
Maximus's annual retained earnings increased from Sep. 2021 ($988 Mil) to Sep. 2022 ($1,025 Mil) and increased from Sep. 2022 ($1,025 Mil) to Sep. 2023 ($1,118 Mil).
The historical data trend for Maximus'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.
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.
Maximus (NYSE:MMS) 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.
Teresa Weipert | officer: General Mgr US Federal Segment | 1891 METRO CENTER DRIVE, RESTON VA 20190 |
Ilene R. Baylinson | officer: Group General Manager | 1891 METRO CENTER DRIVE, RESTON VA 20190 |
Michelle F. Link | officer: Chief Human Resources Officer | 1891 METRO CENTER DRIVE, RESTON VA 20190 |
Gayathri Rajan | director | 1891 METRO CENTER DRIVE, RESTON X1 20190 |
David Mutryn | officer: Chief Financial Officer | 1891 METRO CENTER DRIVE, RESTON VA 20190 |
Theresa D Golinvaux | officer: Principal Accounting Officer | 9300 LEE HIGHWAY, FAIRFAX VA 20131 |
John Thomas Martinez | officer: Secretary and General Counsel | 1600 TYSONS BLVD, #1400, MCLEAN VA 22102 |
Michael J. Warren | director | C/O WALKER & DUNLOP, INC., 7272 WISCONSIN AVENUE, SUITE 1300, BETHESDA MD 20814 |
Bruce Caswell | other: Group President - Human Svcs | 11419 SUNSET HILLS ROAD, RESTON VA 20190-5207 |
Raymond B Ruddy | director | C/O MAXIMUS INC, 11419 SUNSET HILLS ROAD, RESTON VA 20190 |
David Francis | officer: General Counsel | C/O MAXIMUS INC, 11419 SUNSET HILLS RD, RESTON VA 20190 |
John J Haley | director | 901 N GLEBE ROAD, ARLINGTON VA 22203 |
Richard A Montoni | director, officer: CEO and Director | C/O MAXIMUS INC, 11419 SUNSET HILLS RD, RESTON VA 20190 |
Richard John Nadeau | officer: Chief Financial Officer | 1300 WILSON BLVD., SUITE 400, ARLINGTON VA 22209 |
Peter Pond | director |
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