Gabelli Equity Trust (Gabelli Equity Trust) Retained Earnings : $759.57 Mil (As of Dec. 2023)

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What is Gabelli Equity Trust Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Gabelli Equity Trust's retained earnings for the quarter that ended in Dec. 2023 was $759.57 Mil.

Gabelli Equity Trust's quarterly retained earnings increased from Dec. 2022 ($645.82 Mil) to Jun. 2023 ($792.05 Mil) but then declined from Jun. 2023 ($792.05 Mil) to Dec. 2023 ($759.57 Mil).

Gabelli Equity Trust's annual retained earnings declined from Dec. 2021 ($944.98 Mil) to Dec. 2022 ($645.82 Mil) but then increased from Dec. 2022 ($645.82 Mil) to Dec. 2023 ($759.57 Mil).

Gabelli Equity Trust Retained Earnings Historical Data

The historical data trend for Gabelli Equity Trust'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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Gabelli Equity Trust Retained Earnings Chart

Gabelli Equity Trust Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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660.41

727.61

944.98

645.82

759.57

Gabelli Equity Trust Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial									944.98	585.54	645.82	792.05	759.57

Gabelli Equity Trust 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.

Gabelli Equity Trust (NYSE:GABpG.PFD) 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.

Gabelli Equity Trust (Gabelli Equity Trust) Business Description

Industry

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Address

One Corporate Center, Rye, NY, USA, 10580-1422

Website

https://www.gabelli.com

Gabelli Equity Trust Inc is a non-diversified closed-end management investment company. Its primary investment objective is long-term growth of capital with income as a secondary objective. The Fund invests at least 80% of its assets in equity securities under normal market conditions. Its equity portfolio includes common stock, preferred stock, convertible or exchangeable securities, and warrants and rights to purchase such securities selected by the Investment Adviser. The company invests in various sectors, of which Food & Beverage, Financial Services, Equipment and Supplies, Entertainment, Consumer Products, Health Care, Diversified Industrial, Business Services, and Consumer Services accounts for the majority weightage.