Banco de Venezuela (CAR:BVL) Retained Earnings: VES6,773 Mil (As of Dec. 2013)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Banco de Venezuela Retained Earnings?

Banco de Venezuela CAR:BVL Retained Earnings is VES6,773 Mil as of Dec. 2013.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Banco de Venezuela's retained earnings for the quarter that ended in Dec. 2013 was VES6,773 Mil.

Banco de Venezuela's quarterly retained earnings increased from Dec. 2012 (VES4,754 Mil) to Jun. 2013 (VES4,966 Mil) and increased from Jun. 2013 (VES4,966 Mil) to Dec. 2013 (VES6,773 Mil).

Banco de Venezuela's annual retained earnings increased from Dec. 2011 (VES3,220 Mil) to Dec. 2012 (VES4,754 Mil) and increased from Dec. 2012 (VES4,754 Mil) to Dec. 2013 (VES6,773 Mil).

Banco de Venezuela  (CAR:BVL) 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.

Banco de Venezuela Retained Earnings Historical Data

* Premium members only.

The historical data trend for Banco de Venezuela'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.

Banco de Venezuela Retained Earnings Chart

Banco de Venezuela Annual Data
Trend Dec10 Dec11 Dec12 Dec13
Retained Earnings
2,287.73 3,220.04 4,754.02 6,773.07

Banco de Venezuela Semi-Annual Data
Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13
Retained Earnings Get a 7-Day Free Trial 3,220.04 4,009.79 4,754.02 4,965.88 6,773.07

Banco de Venezuela 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.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of VES6,773 Mil mean?
Banco de Venezuela (CAR:BVL) has a Retained Earnings of VES6,773 Mil as of Dec. 2013. Retained earnings is the amount of net income not issued to shareholders. View historical data on Banco de Venezuela and its competitors.
Is Banco de Venezuela's Retained Earnings too high?
Banco de Venezuela's current Retained Earnings is VES6,773 Mil.
How does Banco de Venezuela's Retained Earnings compare to ARST?
Banco de Venezuela's Retained Earnings of VES6,773 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Banks company?
A good Retained Earnings depends on the Banks industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Banco de Venezuela and its competitors. Banco de Venezuela's current Retained Earnings is VES6,773 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco de Venezuela stock overvalued right now?
Banco de Venezuela (CAR:BVL) has a current Retained Earnings of VES6,773 Mil. The current Retained Earnings is VES6,773 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Banco de Venezuela (CAR:BVL), the current Retained Earnings is VES6,773 Mil as of Dec. 2013. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Banco de Venezuela Business Description

Address Av University in Society Traposos, Torre Banco de Venezuela, Caracas, VEN
Banco de Venezuela SA is engaged in financial intermediation services consisting of raising funds for the purpose of granting credit or loans, and other financial operations and services. The bank maintains currency and savings and foreign currency account which includes global accounts, paid global accounts, digital key accounts among others.