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Bangkok Genomics Innovation PCL (BKK:BKGI) Retained Earnings : ฿16.85 Mil (As of Mar. 2023)


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What is Bangkok Genomics Innovation PCL Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Bangkok Genomics Innovation PCL's retained earnings for the quarter that ended in Mar. 2023 was ฿16.85 Mil.

Bangkok Genomics Innovation PCL's quarterly retained earnings increased from Mar. 2022 (฿0.00 Mil) to Dec. 2022 (฿21.22 Mil) but then declined from Dec. 2022 (฿21.22 Mil) to Mar. 2023 (฿16.85 Mil).

Bangkok Genomics Innovation PCL's annual retained earnings declined from Dec. 2021 (฿119.28 Mil) to Dec. 2022 (฿21.22 Mil) and declined from Dec. 2022 (฿21.22 Mil) to Dec. 2023 (฿7.66 Mil).


Bangkok Genomics Innovation PCL Retained Earnings Historical Data

The historical data trend for Bangkok Genomics Innovation PCL'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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Bangkok Genomics Innovation PCL Retained Earnings Chart

Bangkok Genomics Innovation PCL Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
1.57 13.55 119.28 21.22 7.66

Bangkok Genomics Innovation PCL Quarterly Data
Dec20 Dec21 Mar22 Dec22 Mar23 Dec23
Retained Earnings Get a 7-Day Free Trial 119.28 - 21.22 16.85 7.66

Bangkok Genomics Innovation PCL 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.


Bangkok Genomics Innovation PCL  (BKK:BKGI) 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.


Bangkok Genomics Innovation PCL (BKK:BKGI) Business Description

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Traded in Other Exchanges
N/A
Address
3689 Rama 4 Road, Phra Khanong Subdistrict, Khlong Toei Subdistrict, Bangkok, THA, 10110
Bangkok Genomics Innovation PCL operate a laboratory and provide medical analysis services. Its services includes Screening for genetic abnormalities in reproductive health (Reproductive Health Testing Services),Infectious Disease Analysis Product Group (Infectious - Related Testing Services), Other screening product groups (Other Testing Services), providing technology services (Tech Solution Services), and Sales of other medical products Related (Medical - Related Products).

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