G Steel PCL (BKK:GSTEEL-R) Retained Earnings : ฿-25,013 Mil (As of Mar. 2024)

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What is G Steel PCL Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. G Steel PCL's retained earnings for the quarter that ended in Mar. 2024 was ฿-25,013 Mil.

G Steel PCL's quarterly retained earnings declined from Sep. 2023 (฿-24,569 Mil) to Dec. 2023 (฿-24,809 Mil) and declined from Dec. 2023 (฿-24,809 Mil) to Mar. 2024 (฿-25,013 Mil).

G Steel PCL's annual retained earnings declined from Dec. 2021 (฿-21,784 Mil) to Dec. 2022 (฿-23,788 Mil) and declined from Dec. 2022 (฿-23,788 Mil) to Dec. 2023 (฿-24,809 Mil).

G Steel PCL Retained Earnings Historical Data

The historical data trend for G Steel 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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G Steel PCL Retained Earnings Chart

G Steel PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-22,492.74

-23,109.26

-21,784.14

-23,787.60

-24,808.69

G Steel PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial															-	-24,369.32	-24,568.99	-24,808.69	-25,012.54

G Steel 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.

G Steel PCL (BKK:GSTEEL-R) 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.

G Steel PCL (BKK:GSTEEL-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » G Steel PCL (BKK:GSTEEL-R) » Definitions » Retained Earnings

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Address

Silom Road, Suriyawong, 88, Paso Tower, 18th Floor, Bangrak, Bangkok, THA, 10500

Website

http://www.gsteel.com

G Steel PCL is engaged in manufacturing and distributing hot rolled coil steel products. It offers cold rolled steel sheets, galvanized steel, steel pipes, steel products for construction, automobile and parts and electrical appliances. The company's products serve as raw materials for downstream industries as cold-rolled coils, galvanized steel, steel pipe, structural steel products for construction, LPG container, automobile, electrical appliance as well as steel furniture industries. The group operates in a single line of business, namely the Production and distribution of hot rolled coils. Geographically, the group operates in Thailand and other countries, of which key revenue is derived from Thailand.

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