David Jones (ASX:DJS) Retained Earnings : A$192 Mil (As of Jan. 2014)

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What is David Jones Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. David Jones's retained earnings for the quarter that ended in Jan. 2014 was A$192 Mil.

David Jones's quarterly retained earnings declined from Jan. 2013 (A$191 Mil) to Jul. 2013 (A$160 Mil) but then increased from Jul. 2013 (A$160 Mil) to Jan. 2014 (A$192 Mil).

David Jones's annual retained earnings declined from Jul. 2011 (A$186 Mil) to Jul. 2012 (A$154 Mil) but then increased from Jul. 2012 (A$154 Mil) to Jul. 2013 (A$160 Mil).

David Jones Retained Earnings Historical Data

The historical data trend for David Jones'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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David Jones Retained Earnings Chart

David Jones Annual Data

Trend

Jul04

Jul05

Jul06

Jul07

Jul08

Jul09

Jul10

Jul11

Jul12

Jul13

Retained Earnings

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152.52

175.31

185.73

154.31

159.53

David Jones Semi-Annual Data
	Jul04	Jan05	Jul05	Jan06	Jul06	Jan07	Jul07	Jan08	Jul08	Jan09	Jul09	Jan10	Jul10	Jan11	Jul11	Jan12	Jul12	Jan13	Jul13	Jan14
Retained Earnings	Get a 7-Day Free Trial															193.06	154.31	190.92	159.53	192.32

David Jones 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.

David Jones (ASX:DJS) 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.

David Jones (ASX:DJS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » David Jones Ltd (ASX:DJS) » Definitions » Retained Earnings

Traded in Other Exchanges

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Address

Website

http://www.davidjones.com.au

David Jones Limited is engaged in the business of department store retailing and providing financial services. It operates in two segments: Department Stores and Financial Services. The company operates department stores and rack stores in New South Wales, Australian Capital Territory, Victoria, Queensland, South Australia, and Western Australia. The company also has a financial services alliance with American Express Australia Limited, which is relating to the assignment of store card and credit reserve receivables, and the launch of a general purpose credit card. Its Services include: Corporate Services, Insurance Card, Gift Registry, Bridal at David Jones, David Jones Celebration Card Statement, Style Advisors, Personal Shopping, Shopping Online, Gift Card, Interior Decorating, Flowers, Food hall, The Rose Clinic, Bra Fitting etc.

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