Joy Kie (SZSE:300994) Retained Earnings

: ¥274 Mil (As of Sep. 2023)

View and export this data going back to 2021. Start your Free Trial

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Joy Kie's retained earnings for the quarter that ended in Sep. 2023 was ¥274 Mil.

Joy Kie's quarterly retained earnings declined from Mar. 2023 (¥305 Mil) to Jun. 2023 (¥232 Mil) but then increased from Jun. 2023 (¥232 Mil) to Sep. 2023 (¥274 Mil).

Joy Kie's annual retained earnings increased from Dec. 2020 (¥157 Mil) to Dec. 2021 (¥271 Mil) and increased from Dec. 2021 (¥271 Mil) to Dec. 2022 (¥292 Mil).

Joy Kie Retained Earnings Historical Data

The historical data trend for Joy Kie'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.

Joy Kie Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Retained Earnings

56.75

58.76

157.18

270.58

291.53

Joy Kie Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Retained Earnings															292.29	291.53	305.39	231.85	274.47

Joy Kie 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.

Joy Kie (SZSE:300994) 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.

Joy Kie (SZSE:300994) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Joy Kie Corp Ltd (SZSE:300994) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.509 Qingtai Street, 8th Floor, Fuchun Building, Shangcheng District, hejiang Province, Hangzhou, CHN, 310002

Website

https://www.joykie.com

Joy Kie Corp Ltd is engaged in the design, research and development, production and sales of complete bicycles and their parts and related derivative products.

Joy Kie (SZSE:300994) Headlines

No Headlines