Mexan (HKSE:00022) Retained Earnings : HK$43.7 Mil (As of Sep. 2023)

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What is Mexan Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Mexan's retained earnings for the quarter that ended in Sep. 2023 was HK$43.7 Mil.

Mexan's quarterly retained earnings declined from Sep. 2022 (HK$57.2 Mil) to Mar. 2023 (HK$53.2 Mil) and declined from Mar. 2023 (HK$53.2 Mil) to Sep. 2023 (HK$43.7 Mil).

Mexan's annual retained earnings increased from Mar. 2021 (HK$0.0 Mil) to Mar. 2022 (HK$76.9 Mil) but then declined from Mar. 2022 (HK$76.9 Mil) to Mar. 2023 (HK$53.2 Mil).

Mexan Retained Earnings Historical Data

The historical data trend for Mexan'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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Mexan Retained Earnings Chart

Mexan Annual Data

Trend

Mar14

Mar15

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Mar19

Mar20

Mar21

Mar22

Mar23

Retained Earnings

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76.92

53.15

Mexan Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Retained Earnings	Get a 7-Day Free Trial															105.00	76.92	57.21	53.15	43.66

Mexan 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.

Mexan (HKSE:00022) 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.

Mexan (HKSE:00022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Mexan Ltd (HKSE:00022) » Definitions » Retained Earnings

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Address

No. 1 Tsing Yi Road, 7th Floor, Winland 800 Hotel, Hotel 2, Rambler Crest, Tsing Yi, New Territories, Hong Kong, HKG

Website

http://www.mexanhk.com

Mexan Ltd is a Hong-Kong based company. It is involved in the lodging business sector. The principal activities of the group include property investment, hotel operation, and investment holding. The company has two reportable segments such as Hotel operation includes letting of hotel rooms to non-contracted sales agents and walk-in customers, food and beverage income, miscellaneous sales, and laundry services income net of discounts and Trading of building materials and fit-out construction service includes supply of furniture and building materials and provisions of the design and fit-out construction service. The firm generates its revenue from hotel operations. Geographically the company operates in Hong Kong.

Executives

Lun Yiu Kay Edwin
Winland Stock (bvi) Limited	2201 Interest of corporation controlled by you
Winland Wealth (bvi) Limited	2101 Beneficial owner

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