Gome Finance Technology Co (HKSE:00628) Retained Earnings : HK$-1,201.62 Mil (As of Dec. 2023)

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What is Gome Finance Technology Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Gome Finance Technology Co's retained earnings for the quarter that ended in Dec. 2023 was HK$-1,201.62 Mil.

Gome Finance Technology Co's quarterly retained earnings increased from Dec. 2022 (HK$-1,268.13 Mil) to Jun. 2023 (HK$-1,244.53 Mil) and increased from Jun. 2023 (HK$-1,244.53 Mil) to Dec. 2023 (HK$-1,201.62 Mil).

Gome Finance Technology Co's annual retained earnings increased from Dec. 2021 (HK$-1,384.33 Mil) to Dec. 2022 (HK$-1,268.13 Mil) and increased from Dec. 2022 (HK$-1,268.13 Mil) to Dec. 2023 (HK$-1,201.62 Mil).

Gome Finance Technology Co Retained Earnings Historical Data

The historical data trend for Gome Finance Technology 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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Gome Finance Technology Co Retained Earnings Chart

Gome Finance Technology Co Annual Data

Trend

Mar14

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-1,131.54

-1,188.48

-1,384.33

-1,268.13

-1,201.62

Gome Finance Technology Co Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-1,384.33	-1,322.03	-1,268.13	-1,244.53	-1,201.62

Gome Finance Technology 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.

Gome Finance Technology Co (HKSE:00628) 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.

Gome Finance Technology Co (HKSE:00628) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Gome Finance Technology Co Ltd (HKSE:00628) » Definitions » Retained Earnings

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Address

8 Finance Street, Central, Suite 2912, 29th Floor, Two International Finance Centre, Hong Kong, HKG

Website

https://www.gomejr.com

Gome Finance Technology Co Ltd is an investment holding company. The company's core business includes commercial factoring, financial leasing, personal property pawn loans, and money leading business. Its operating segments include Commercial factoring, Finance lease, and other financing services. The company generates maximum revenue from the Commercial factoring services segment. Geographically, it derives the majority of revenue from Mainland China.

Executives

Mega Bright Capital Resources Limited	2101 Beneficial owner
Du Juan	2202 Interest of your spouse
Wong Kwong Yu	2201 Interest of corporation controlled by you
Ko Chun Shun, Johnson	2201 Interest of corporation controlled by you
Richlane Ventures Limited	2101 Beneficial owner

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