Kesko Oyj (CHIX:KESKBH) Retained Earnings : €2,088 Mil (As of Sep. 2024)

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What is Kesko Oyj Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Kesko Oyj's retained earnings for the quarter that ended in Sep. 2024 was €2,088 Mil.

Kesko Oyj's quarterly retained earnings increased from Mar. 2024 (€1,851 Mil) to Jun. 2024 (€1,944 Mil) and increased from Jun. 2024 (€1,944 Mil) to Sep. 2024 (€2,088 Mil).

Kesko Oyj's annual retained earnings increased from Dec. 2021 (€1,869 Mil) to Dec. 2022 (€2,097 Mil) and increased from Dec. 2022 (€2,097 Mil) to Dec. 2023 (€2,164 Mil).

Kesko Oyj Retained Earnings Historical Data

The historical data trend for Kesko Oyj'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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Kesko Oyj Retained Earnings Chart

Kesko Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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1,384.40

1,549.30

1,868.60

2,097.10

2,163.90

Kesko Oyj Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															2,086.60	2,163.90	1,850.90	1,943.50	2,088.00

Kesko Oyj 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.

Kesko Oyj (CHIX:KESKBh) 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.

Kesko Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Kesko Oyj (CHIX:KESKBh) » Definitions » Retained Earnings

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KKOYY:USA KKOYF:USA KKOAF:USA 0BNT:UK 0BNS:UK KESKOB:Finland KESKOA:Finland KEK:Germany

Address

Tyopajankatu 12, Helsinki, FIN, 00580

Website

https://www.kesko.fi

Kesko Oyj is a Finland-based retail conglomerate that operates in three divisions: Grocery, Building and Technical, and Car. The Grocery segment provides the customers with K-food retailers running their locally tailored stores, acting in a chain business model. Chains include K-Citymarket, K-Supermarket, K-Market, and Neste K. The Building and Technical Sector produces construction materials, leisure athletic goods, and infrastructure tools and operates out of Scandinavia and Eastern Europe, both in digital and brick-and-mortar stores. The Car division acts as an importer and leaser for various European car brands, including Volkswagen, SEAT, Audi, and Porsche as well as a seller of used cars online and in-store. The Grocery segment in Finland produces the most revenue.

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