Seneca Foods (Seneca Foods) Retained Earnings : $707 Mil (As of Dec. 2023)

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What is Seneca Foods Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Seneca Foods's retained earnings for the quarter that ended in Dec. 2023 was $707 Mil.

Seneca Foods's quarterly retained earnings increased from Jun. 2023 ($664 Mil) to Sep. 2023 ($689 Mil) and increased from Sep. 2023 ($689 Mil) to Dec. 2023 ($707 Mil).

Seneca Foods's annual retained earnings increased from Mar. 2021 ($586 Mil) to Mar. 2022 ($632 Mil) and increased from Mar. 2022 ($632 Mil) to Mar. 2023 ($641 Mil).

Seneca Foods Retained Earnings Historical Data

The historical data trend for Seneca Foods'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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Seneca Foods Retained Earnings Chart

Seneca Foods Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Retained Earnings

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409.50

459.80

585.87

632.05

641.26

Seneca Foods 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															679.12	641.26	664.36	689.14	706.80

Seneca Foods 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.

Seneca Foods (NAS:SENEB) 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.

Seneca Foods (Seneca Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Seneca Foods Corp (NAS:SENEB) » Definitions » Retained Earnings

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SENEA:USA

Address

350 WillowBrook Office Park, Fairport, NY, USA, 14480

Website

https://www.senecafoods.com

Seneca Foods Corp is a US-based company which acts as a provider of packaged fruits and vegetables. Its product offerings include canned, frozen and bottled produce and snack chips. The company's segment includes fruits and vegetables, prepared food products, and snack products. It generates maximum revenue from Canned vegetables followed by Frozen vegetables.