Zip Co (ASX:ZIP) Retained Earnings : A$-2,087.6 Mil (As of Dec. 2023)

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What is Zip Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Zip Co's retained earnings for the quarter that ended in Dec. 2023 was A$-2,087.6 Mil.

Zip Co's quarterly retained earnings declined from Dec. 2022 (A$-2,062.5 Mil) to Jun. 2023 (A$-2,160.2 Mil) but then increased from Jun. 2023 (A$-2,160.2 Mil) to Dec. 2023 (A$-2,087.6 Mil).

Zip Co's annual retained earnings declined from Jun. 2021 (A$-741.5 Mil) to Jun. 2022 (A$-1,871.6 Mil) and declined from Jun. 2022 (A$-1,871.6 Mil) to Jun. 2023 (A$-2,160.2 Mil).

Zip Co Retained Earnings Historical Data

The historical data trend for Zip 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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Zip Co Retained Earnings Chart

Zip Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Retained Earnings

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-68.43

-88.37

-741.47

-1,871.61

-2,160.22

Zip Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-961.45	-1,871.61	-2,062.47	-2,160.22	-2,087.64

Zip 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.

Zip Co (ASX:ZIP) 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.

Zip Co (ASX:ZIP) Business Description

Industry

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ZIZTF:USA

Address

126 Phillip Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.zipmoneylimited.com.au

Zip is a diversified finance provider, offering consumer financing via a line of credit (via Zip Pay and Zip Money) and instalment-based finance (via QuadPay, Spotii, Twisto, and PayFlex); as well as lending to small to midsize enterprises (via Zip Business). Zip's fortunes are largely tied to the buy now, pay later, or BNPL, industry. Most of its products—Zip Pay, QuadPay (Zip U.S.), and PayFlex—do not charge interest based on outstanding balances. Around 60%-70% of Zip Pay's/Zip Money's revenue is derived from customers, mainly via account fees and interest. Meanwhile, its instalment businesses primarily generate revenue by receiving a margin from merchants, which compensates it for accepting all nonpayment risk and for encouraging consumers to transact more frequently.