Lease IT PCL (BKK:LIT) Retained Earnings : ฿-28.43 Mil (As of Mar. 2024)

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What is Lease IT PCL Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Lease IT PCL's retained earnings for the quarter that ended in Mar. 2024 was ฿-28.43 Mil.

Lease IT PCL's quarterly retained earnings declined from Sep. 2023 (฿33.04 Mil) to Dec. 2023 (฿-1.52 Mil) and declined from Dec. 2023 (฿-1.52 Mil) to Mar. 2024 (฿-28.43 Mil).

Lease IT PCL's annual retained earnings declined from Dec. 2021 (฿213.08 Mil) to Dec. 2022 (฿116.09 Mil) and declined from Dec. 2022 (฿116.09 Mil) to Dec. 2023 (฿-1.52 Mil).

Lease IT PCL Retained Earnings Historical Data

The historical data trend for Lease IT 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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Lease IT PCL Retained Earnings Chart

Lease IT PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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406.04

348.43

213.08

116.09

-1.52

Lease IT 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															92.49	64.23	33.04	-1.52	-28.43

Lease IT 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.

Lease IT PCL (BKK:LIT) 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.

Lease IT PCL (BKK:LIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Lease IT PCL (BKK:LIT) » Definitions » Retained Earnings

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Address

Rama III Road, 1023 MS Siam Tower, 29th Floor, Chongnonsi, Yannawa, Bangkok, THA, 10120

Website

https://www.leaseit.co.th

Lease IT PCL is a Thailand-based company engaged in providing financial services in the form of hire-purchase, leasing, factoring services, and loans. It is organized into three business segments based on its services such as Lending business in term of hire-purchase, financial leases, factoring from selling and service, loans and sales of goods, Providing the data information and credit analysis included the project management and online shopping service platform with installment payment. It generates maximum revenue from financial services.