Sincere Co (HKSE:00244) Retained Earnings : HK$-414.3 Mil (As of Jun. 2024)

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What is Sincere Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Sincere Co's retained earnings for the quarter that ended in Jun. 2024 was HK$-414.3 Mil.

Sincere Co's quarterly retained earnings declined from Jun. 2023 (HK$-358.0 Mil) to Dec. 2023 (HK$-388.9 Mil) and declined from Dec. 2023 (HK$-388.9 Mil) to Jun. 2024 (HK$-414.3 Mil).

Sincere Co's annual retained earnings increased from Feb. 2021 (HK$-473.0 Mil) to Dec. 2022 (HK$-342.3 Mil) but then declined from Dec. 2022 (HK$-342.3 Mil) to Dec. 2023 (HK$-388.9 Mil).

Sincere Co Retained Earnings Historical Data

The historical data trend for Sincere Co'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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Sincere Co Retained Earnings Chart

Sincere Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Dec22

Dec23

Dec24

Retained Earnings

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-327.36

-472.95

-342.27

-388.85

-423.39

Sincere Co Semi-Annual Data
	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Retained Earnings	Get a 7-Day Free Trial															-342.27	-358.05	-388.85	-414.27	-423.39

Sincere Co 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.

Sincere Co (HKSE:00244) 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.

Sincere Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sincere Co Ltd (HKSE:00244) » Definitions » Retained Earnings

Traded in Other Exchanges

N/A

Address

1 Connaught Place, 24th Floor, Jardine House, Central, Hong Kong, HKG

Website

https://www.sincere.com.hk

Sincere Co Ltd is mainly engaged in the retailing business. The company has aggregated its operations into three reportable segments, Department Store Operations; Securities Trading, and Others. The Department Store Operations segment consists of the operations of department stores offering a wide range of consumer products; the Securities Trading segment consists of the trading of Hong Kong and overseas securities; and the Others segment consists of the sublease of properties and the provision of general and life insurances. Its primary geographic markets are Hong Kong, the United Kingdom, and others. Geographically the company receives maximum revenue from Hong Kong.

Executives

Manureen Holdings Limited	2201 Interest of corporation controlled by you
Lin Xiaohui	2201 Interest of corporation controlled by you
Realord Group Holdings Limited	2101 Beneficial owner
Su Jiaohua	2202 Interest of your spouse
Yuan Lie Ming Peter	2101 Beneficial owner

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