Forge Group (ASX:FGE) Retained Earnings : A$104 Mil (As of Jun. 2013)

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What is Forge Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Forge Group's retained earnings for the quarter that ended in Jun. 2013 was A$104 Mil.

Forge Group's quarterly retained earnings increased from Jun. 2011 (A$81 Mil) to Jun. 2012 (A$119 Mil) but then declined from Jun. 2012 (A$119 Mil) to Jun. 2013 (A$104 Mil).

Forge Group's annual retained earnings increased from Jun. 2011 (A$81 Mil) to Jun. 2012 (A$119 Mil) but then declined from Jun. 2012 (A$119 Mil) to Jun. 2013 (A$104 Mil).

Forge Group Retained Earnings Historical Data

The historical data trend for Forge Group'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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Forge Group Retained Earnings Chart

Forge Group Annual Data

Trend

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Retained Earnings

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23.47

49.51

81.08

119.12

103.61

Forge Group Semi-Annual Data
	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13
Retained Earnings	Get a 7-Day Free Trial			23.47	49.51	81.08	119.12	103.61

Forge Group 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.

Forge Group (ASX:FGE) 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.

Forge Group (ASX:FGE) Business Description

Industry

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Address

Website

http://www.forgegroup.com.au

Forge Group Ltd provides construction, commercial building, engineering, maintenance and workshop fabrication services. Its operations are segmented into four areas - Minerals & Resources, Power, Construction and Asset Management. The Minerals & Resources segment provides a wide range of engineering, design and construction services for the mining and metals sector. The Power segment provides turnkey power generation solutions to the energy and utilities sectors. The Construction segment offers a suite of construction services that covers all disciplines including heavy civil, structural, mechanical, piping, tanks, electrical, instrumentation, and building. Further, the Asset Management segment offers various asset management services. The Company has operational footprints across Australia, North America, Africa and Asia.

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