GLCNF (Glencore) Retained Earnings : $29,245 Mil (As of Jun. 2024)

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What is Glencore Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Glencore's retained earnings for the quarter that ended in Jun. 2024 was $29,245 Mil.

Glencore's quarterly retained earnings declined from Jun. 2023 ($29,653 Mil) to Dec. 2023 ($29,607 Mil) and declined from Dec. 2023 ($29,607 Mil) to Jun. 2024 ($29,245 Mil).

Glencore's annual retained earnings increased from Dec. 2021 ($7,914 Mil) to Dec. 2022 ($25,246 Mil) and increased from Dec. 2022 ($25,246 Mil) to Dec. 2023 ($29,607 Mil).

Glencore Retained Earnings Historical Data

The historical data trend for Glencore'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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Glencore Retained Earnings Chart

Glencore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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4,742.00

2,849.00

7,914.00

25,246.00

29,607.00

Glencore Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Retained Earnings	Get a 7-Day Free Trial															19,892.00	25,246.00	29,653.00	29,607.00	29,245.00

Glencore 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.

Glencore (OTCPK:GLCNF) 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.

Glencore Business Description

Industry

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GLN:South Africa GLNCY:USA 0IVW:UK GLENl:UK GLEN:UK 8GC:Germany

Address

Baarermattstrasse 3, Baar, CHE, CH-6340

Website

https://www.glencore.com

Glencore is one of the world's largest commodities traders, active in markets for metals and minerals, energy products, and agricultural goods. The firm's marketing business provides sourcing, logistics, transportation, storage, and financing services to commodity producers and consumers around the globe. Core exposures are in the production of thermal coal, coking coal, copper, zinc, nickel, cobalt, and ferroalloys. Unlike other major miners, Glencore plans to produce thermal coal until its mines exhaust, arguing that it is better for listed, western companies to own these assets and then rehabilitate them consistent with western standards. It also expanded its coking coal exposure via the purchase of 77% of Teck's metallurgical coal business in July 2024.