BCCMY (BAIC Motor) Retained Earnings : $3,773 Mil (As of Jun. 2024)

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What is BAIC Motor Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. BAIC Motor's retained earnings for the quarter that ended in Jun. 2024 was $3,773 Mil.

BAIC Motor's quarterly retained earnings declined from Dec. 2023 ($3,703 Mil) to Mar. 2024 ($3,688 Mil) but then increased from Mar. 2024 ($3,688 Mil) to Jun. 2024 ($3,773 Mil).

BAIC Motor's annual retained earnings increased from Dec. 2021 ($3,431 Mil) to Dec. 2022 ($3,553 Mil) and increased from Dec. 2022 ($3,553 Mil) to Dec. 2023 ($3,703 Mil).

BAIC Motor Retained Earnings Historical Data

The historical data trend for BAIC Motor'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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BAIC Motor Retained Earnings Chart

BAIC Motor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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2,755.45

2,898.35

3,431.44

3,552.94

3,702.66

BAIC Motor Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															3,633.05	3,702.66	3,688.31	3,773.25	-

BAIC Motor 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.

BAIC Motor (OTCPK:BCCMY) 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.

BAIC Motor Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BAIC Motor Corp Ltd (OTCPK:BCCMY) » Definitions » Retained Earnings

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Address

No. 99 Shuanghe Street, A5-061, Unit 101, 5th Floor, Building No 1, Courtyard, Shunyi District, Beijing, CHN, 101300

Website

http://www.baicmotor.com

BAIC Motor Corp Ltd is a provincial state-owned enterprise that manufactures passenger vehicles (PV) and automotive components. The majority of BAIC's revenue and operating profits come from joint ventures with Mercedes Benz and Hyundai. The firm also manufactures and sells its own vehicles under the Beijing Brand. The company has two reportable segments which are Oil-powered vehicles it involves manufacturing and sales of passenger vehicles of fuel, and providing other businesses and related services and New energy vehicles that also includes manufacturing and sales of passenger vehicles of new energy, and providing other business and related services.

BAIC Motor Headlines

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