GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Salvatore Ferragamo SpA (OTCPK:SFRGY) » Definitions » Retained Earnings

Salvatore Ferragamo SpA (Salvatore Ferragamo SpA) Retained Earnings : $24 Mil (As of Jun. 2023)


View and export this data going back to 2013. Start your Free Trial

What is Salvatore Ferragamo SpA Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Salvatore Ferragamo SpA's retained earnings for the quarter that ended in Jun. 2023 was $24 Mil.

Salvatore Ferragamo SpA's quarterly retained earnings increased from Sep. 2022 ($68 Mil) to Dec. 2022 ($220 Mil) but then declined from Dec. 2022 ($220 Mil) to Jun. 2023 ($24 Mil).

Salvatore Ferragamo SpA's annual retained earnings increased from Dec. 2020 ($-81 Mil) to Dec. 2021 ($200 Mil) and increased from Dec. 2021 ($200 Mil) to Dec. 2022 ($220 Mil).


Salvatore Ferragamo SpA Retained Earnings Historical Data

The historical data trend for Salvatore Ferragamo SpA'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.

Salvatore Ferragamo SpA Retained Earnings Chart

Salvatore Ferragamo SpA Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 100.52 96.98 -80.78 200.37 220.34

Salvatore Ferragamo SpA Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23
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 210.38 65.11 68.29 220.34 24.36

Salvatore Ferragamo SpA 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.


Salvatore Ferragamo SpA  (OTCPK:SFRGY) 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.


Salvatore Ferragamo SpA (Salvatore Ferragamo SpA) Business Description

Traded in Other Exchanges
Address
Via dei Tornabuoni 2, Firenze, ITA, 50123
Founded in 1927, Salvatore Ferragamo is an Italian monobrand company mainly known for its footwear and accessories. The company generates about 44% of revenue in the fragmented footwear category, 41% in leather goods, 7% in apparel, and 6% in accessories. It was one of the pioneers in establishing a presence in Asia, where it generates 33% of sales and other emerging markets (6% of sales in Central and South America). Ferragamo generates 21% of revenue in Europe, 31% in the U.S., and 8% in Japan.

Salvatore Ferragamo SpA (Salvatore Ferragamo SpA) Headlines

From GuruFocus

Watch Ferragamo for Italian Woes

By Holmes Osborne, CFA Holmes Osborne, CFA 12-07-2016