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Asseco Business Solutions (FRA:9QQ) Retained Earnings : €40.23 Mil (As of Mar. 2024)


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What is Asseco Business Solutions Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Asseco Business Solutions's retained earnings for the quarter that ended in Mar. 2024 was €40.23 Mil.

Asseco Business Solutions's quarterly retained earnings increased from Sep. 2023 (€27.96 Mil) to Dec. 2023 (€34.66 Mil) and increased from Dec. 2023 (€34.66 Mil) to Mar. 2024 (€40.23 Mil).

Asseco Business Solutions's annual retained earnings increased from Dec. 2021 (€27.07 Mil) to Dec. 2022 (€30.58 Mil) and increased from Dec. 2022 (€30.58 Mil) to Dec. 2023 (€34.66 Mil).


Asseco Business Solutions Retained Earnings Historical Data

The historical data trend for Asseco Business Solutions'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.

* Premium members only.

Asseco Business Solutions Retained Earnings Chart

Asseco Business Solutions Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.03 23.70 27.07 30.58 34.66

Asseco Business Solutions 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.29 21.99 27.96 34.66 40.23

Asseco Business Solutions 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.


Asseco Business Solutions  (FRA:9QQ) 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.


Asseco Business Solutions (FRA:9QQ) Business Description

Traded in Other Exchanges
Address
ul. Konrada Wallenroda 4c, Lublin, POL, 20-607
Asseco Business Solutions SA serves as a Competence Centre accountable for the development of ERP software, mobile reporting systems (SFA), factoring systems and software for SMEs. Its offering also includes the provision, adaptation, and configuration of business applications for enterprises, design, and construction of infrastructure at the client or in the outsourcing model, providing equipment and system software of renowned partners, training for client's personnel, service and remote support for users. The company generates most of its revenue from its ERP Systems segment mainly in Poland.

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