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The Scotts Miracle Gro Co  (NYSE:SMG) Retained Earnings: $1,043 Mil (As of Jun. 2017)

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. The Scotts Miracle Gro Co's retained earnings for the quarter that ended in Jun. 2017 was $1,043 Mil.

The Scotts Miracle Gro Co's quarterly retained earnings increased from Dec. 2016 ($786 Mil) to Mar. 2017 ($921 Mil) and increased from Mar. 2017 ($921 Mil) to Jun. 2017 ($1,043 Mil).

The Scotts Miracle Gro Co's annual retained earnings increased from Sep. 2015 ($684 Mil) to Sep. 2016 ($882 Mil) but then declined from Sep. 2016 ($882 Mil) to Sep. 2017 ($0 Mil).


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

The Scotts Miracle Gro Co Annual Data

Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17
Retained Earnings Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 703.40 636.90 684.20 881.80 0.00

The Scotts Miracle Gro Co Quarterly Data

Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
Retained Earnings 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 Premium Member Only Premium Member Only Premium Member Only 881.80 786.40 921.00 1,043.10 0.00

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.


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.


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