GNNDY (GN Store Nord AS) Retained Earnings : $2,005 Mil (As of Sep. 2024)

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What is GN Store Nord AS Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. GN Store Nord AS's retained earnings for the quarter that ended in Sep. 2024 was $2,005 Mil.

GN Store Nord AS's quarterly retained earnings declined from Mar. 2024 ($1,901 Mil) to Jun. 2024 ($1,900 Mil) but then increased from Jun. 2024 ($1,900 Mil) to Sep. 2024 ($2,005 Mil).

GN Store Nord AS's annual retained earnings declined from Dec. 2021 ($1,564 Mil) to Dec. 2022 ($1,497 Mil) but then increased from Dec. 2022 ($1,497 Mil) to Dec. 2023 ($1,870 Mil).

GN Store Nord AS Retained Earnings Historical Data

The historical data trend for GN Store Nord AS'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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GN Store Nord AS Retained Earnings Chart

GN Store Nord AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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1,252.29

1,563.92

1,563.74

1,497.10

1,869.99

GN Store Nord AS 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															1,821.77	1,869.99	1,901.08	1,899.74	2,005.36

GN Store Nord AS 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.

GN Store Nord AS (OTCPK:GNNDY) 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.

GN Store Nord AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » GN Store Nord AS (OTCPK:GNNDY) » Definitions » Retained Earnings

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GGNDF:USA GNc:UK 0K9P:UK GN:Denmark GNN:Germany

Address

Lautrupbjerg 7, Ballerup, DNK, 2750

Website

https://www.gn.com

GN Store Nord is a Danish company offering medical and audio solutions. The group consists of two businesses: audio (about 62% of sales) and hearing (38%). GN Hearing offers hearing aids, competing globally with Sonova, Demant, Starkey, and WS Audiology (previously Sivantos and Widex). GN Audio provides headsets and speakerphones to the enterprise market (contact centers and offices), as well as to the consumer market, and recently acquired SteelSeries in the gaming market. The company has positioned itself as one of the main players in the Unified Communication-enabled headsets market. The firm's premium brands are Resound in hearing and Jabra in headsets.