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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. JM Smucker Co's retained earnings for the quarter that ended in Jan. 2024 was $2,055 Mil.
JM Smucker Co's quarterly retained earnings increased from Jul. 2023 ($1,965 Mil) to Oct. 2023 ($2,051 Mil) and increased from Oct. 2023 ($2,051 Mil) to Jan. 2024 ($2,055 Mil).
JM Smucker Co's annual retained earnings increased from Apr. 2021 ($2,848 Mil) to Apr. 2022 ($2,893 Mil) but then declined from Apr. 2022 ($2,893 Mil) to Apr. 2023 ($2,132 Mil).
The historical data trend for JM Smucker Co'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.
JM Smucker Co Annual Data | |||||||||||||||||||||
Trend | Apr14 | Apr15 | Apr16 | Apr17 | Apr18 | Apr19 | Apr20 | Apr21 | Apr22 | Apr23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | 2,367.60 | 2,746.80 | 2,847.50 | 2,893.00 | 2,132.10 |
JM Smucker Co Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Retained Earnings | Get a 7-Day Free Trial | 3,076.20 | 2,132.10 | 1,964.80 | 2,051.10 | 2,055.00 |
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.
JM Smucker Co (NYSE:SJM) 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.
Tucker H Marshall | officer: Chief Financial Officer | ONE STRAWBERRY LANE, ORRVILLE OH 44667 |
Tarang Amin | director | C/O SCHIFF NUTRITION INTERNATIONAL, INC., 2002 SOUTH 5070 WEST, SALT LAKE CITY UT 84104 |
Amy C Held | officer: Chief Strategy & Int'l Officer | ONE STRAWBERRY LANE, ORRVILLE OH 44667 |
Mercedes Abramo | director | ONE STRAWBERRY LANE, ORRVILLE OH 44667 |
Richard K Smucker | director, officer: President | C/ WM WRIGLEY JR CO, 410 N MICHIGAN AVE, CHICAGO IL 60611 |
Mark T Smucker | officer: Vice President | |
Jill R Penrose | officer: Chief People & Admin Officer | ONE STRAWBERRY LANE, ORRVILLE OH 44667 |
John P Brase | officer: Chief Operating Officer | ONE STRAWBERRY LANE, ORRVILLE OH 44667 |
Jeannette L Knudsen | officer: Chief Legal & Compliance Offic | ONE STRAWBERRY LANE, ORRVILLE OH 44667 |
Geoff E Tanner | officer: Chief Marketing & Commercial | ONE STRAWBERRY LANE, ORRVILLE OH 44667 |
Johnson Jonathan E Iii | director | 6322 S 300 S, STE 100, SALT LAKE CITY UT 84121 |
Nancy Lopez Knight | director | 2308 TARA DRIVE, ALBANY GA 31721 |
Jay L Henderson | director | 50 SOUTH LASALLE ST, CHICAGO IL 60603 |
Dawn C Willoughby | director | 1221 BROADWAY, OAKLAND CA 94612 |
Sandra Pianalto | director | 1000 EATON BOULEVARD, CLEVELAND OH 44122 |
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