GNCGY (Greencore Group) Retained Earnings : $316 Mil (As of Sep. 2024)

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What is Greencore Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Greencore Group's retained earnings for the quarter that ended in Sep. 2024 was $316 Mil.

Greencore Group's quarterly retained earnings declined from Sep. 2023 ($303 Mil) to Mar. 2024 ($298 Mil) but then increased from Mar. 2024 ($298 Mil) to Sep. 2024 ($316 Mil).

Greencore Group's annual retained earnings increased from Sep. 2022 ($275 Mil) to Sep. 2023 ($303 Mil) and increased from Sep. 2023 ($303 Mil) to Sep. 2024 ($316 Mil).

Greencore Group Retained Earnings Historical Data

The historical data trend for Greencore Group'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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Greencore Group Retained Earnings Chart

Greencore Group Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Retained Earnings

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275.09

302.60

316.01

Greencore Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Retained Earnings	Get a 7-Day Free Trial															275.09	263.59	302.60	297.84	316.01

Greencore Group 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.

Greencore Group (OTCPK:GNCGY) 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.

Greencore Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Greencore Group PLC (OTCPK:GNCGY) » Definitions » Retained Earnings

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GNCGF:USA GNCl:UK GNC:UK GCG:Germany

Address

Dublin Airport Central, Dublin Airport, 4th Floor, Block Two, Sword, Dublin, IRL, K67 E2H3

Website

http://www.greencore.com

Greencore Group PLC is a convenience food manufacturer that supplies chilled and frozen food to customers based in U.K. and the U.S. The company's operating business segment is Convenience Foods, and it geographically operates in UK & Ireland. The UK Convenience Food categories including sandwiches, sushi, salads, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, frozen Yorkshire Puddings and cakes and desserts categories as well as the Irish Ingredients trading business.