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Radius Recycling (Radius Recycling) Retained Earnings : $832 Mil (As of Feb. 2024)


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What is Radius Recycling Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Radius Recycling's retained earnings for the quarter that ended in Feb. 2024 was $832 Mil.

Radius Recycling's quarterly retained earnings declined from Aug. 2023 ($894 Mil) to Nov. 2023 ($871 Mil) and declined from Nov. 2023 ($871 Mil) to Feb. 2024 ($832 Mil).

Radius Recycling's annual retained earnings increased from Aug. 2021 ($794 Mil) to Aug. 2022 ($941 Mil) but then declined from Aug. 2022 ($941 Mil) to Aug. 2023 ($894 Mil).


Radius Recycling Retained Earnings Historical Data

The historical data trend for Radius Recycling'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.

* Premium members only.

Radius Recycling Retained Earnings Chart

Radius Recycling Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 675.36 649.86 793.71 941.15 894.32

Radius Recycling Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 917.27 925.40 894.32 870.98 831.64

Radius Recycling 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.


Radius Recycling  (NAS:RDUS) 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.


Radius Recycling (Radius Recycling) Business Description

Traded in Other Exchanges
Address
299 SW Clay Street, Suite 350, Portland, OR, USA, 97201
Schnitzer Steel Industries Inc is one of the ferrous and nonferrous scrap metal recyclers in the U.S. Its metal recycling business collects and recycles auto bodies, rail cars, appliances, machinery, and construction demolition. Additionally, Schnitzer operates an auto-parts business that purchases obsolete vehicles and sells any useful parts to retail customers and a steelmaking business that supplies construction products along the U.S. West Coast.
Executives
Brian Souza officer: SVP, Chief Ops Mgmt Officer C/O SCHNITZER STEEL INDUSTRIES, INC., 299 SW CLAY ST., PORTLAND OR 97201
Steven Heiskell officer: SVP & Managing Director, APB 299 SW CLAY ST. SUITE 350, PORTLAND OR 97201
James Matthew Vaughn officer: SVP, GC, & Corp. Secretary ONE MEMORIAL PLAZA, 800 GESSNER ROAD, SUITE 875, HOUSTON TX 77024
Stefano R. Gaggini officer: Corporate Controller 299 SW CLAY ST. SUITE 350, PORTLAND OR 97201
Michael R Henderson officer: SVP & Pres Metal Recyling Bus P O BOX 10047, PORTLAND OR 97296
Mark Schuessler officer: VP and CAO C/O SCHNITZER STEEL INDUSTRIES, INC., 299 SW CLAY ST., PORTLAND OR 97201
Gregory R Friedman director C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Wayland R Hicks director PO BOX 330608, MIAMIA FL 33233
Peter B Saba officer: SVP & General Counsel 6903 ROCKLEDGE DRIVE, BETHESDA MD 20817
Leslie L Shoemaker director TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Richard Peach officer: Deputy CFO 299 SW CLAY STREET, SUITE 350, PORTLAND OR 97201
John D Carter director, officer: President and CEO 17575 LITTLE RIVER DRIVE, BEND OR 97707
Glenda J Minor director 17000 ROTUNDA DRIVE, DEARBORN MI 48120
Wilson D Erich officer: SVP, Chief HR Officer 299 SW CLAY ST., SUITE 350, PORTLAND OR 97201
Jeffery Dyck officer: Pres. CascadeSteelRollingMills 299 SW CLAY STREET, PORTLAND OR 97201