K Car Co (XKRX:381970) Retained Earnings

: ₩105,292 Mil (As of Dec. 2023)

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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. K Car Co's retained earnings for the quarter that ended in Dec. 2023 was ₩105,292 Mil.

K Car Co's quarterly retained earnings declined from Jun. 2023 (₩115,886 Mil) to Sep. 2023 (₩112,574 Mil) and declined from Sep. 2023 (₩112,574 Mil) to Dec. 2023 (₩105,292 Mil).

K Car Co's annual retained earnings declined from Dec. 2021 (₩148,461 Mil) to Dec. 2022 (₩117,151 Mil) and declined from Dec. 2022 (₩117,151 Mil) to Dec. 2023 (₩105,292 Mil).

K Car Co Retained Earnings Historical Data

The historical data trend for K Car 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.

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K Car Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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14,953.93

137,552.00

148,460.52

117,150.89

105,291.55

K Car Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial										117,150.89	114,944.94	115,886.29	112,574.11	105,291.55

K Car Co 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.

K Car Co (XKRX:381970) 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.

K Car Co (XKRX:381970) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » K Car Co Ltd (XKRX:381970) » Definitions » Retained Earnings

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Address

96-1 Yangpyeong-dong 3-ga, 2F, Cheongwoo Auto Plaza, Yeongdeungpo-gu, Seoul, KOR

Website

https://www.kcar.com

K Car Co Ltd is engaged in buying and selling used cars. It is also involved in providing used car rental services. The Cars offered by the company include Kia K8 Hybrid SIgnature, Kia K8 Gasoline, Hyundai Avante, Kia Carnival, and Kia Sorento, among others.

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