CAR (HKSE:00699) Retained Earnings : HK$-766 Mil (As of Dec. 2020)

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What is CAR Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. CAR's retained earnings for the quarter that ended in Dec. 2020 was HK$-766 Mil.

CAR's quarterly retained earnings declined from Dec. 2019 (HK$3,937 Mil) to Jun. 2020 (HK$-875 Mil) but then increased from Jun. 2020 (HK$-875 Mil) to Dec. 2020 (HK$-766 Mil).

CAR's annual retained earnings declined from Dec. 2018 (HK$4,043 Mil) to Dec. 2019 (HK$3,937 Mil) and declined from Dec. 2019 (HK$3,937 Mil) to Dec. 2020 (HK$-766 Mil).

CAR Retained Earnings Historical Data

The historical data trend for CAR'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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CAR Retained Earnings Chart

CAR Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Retained Earnings

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2,819.92

3,955.28

4,042.60

3,937.13

-765.57

CAR Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Retained Earnings	Get a 7-Day Free Trial										4,042.60	4,354.59	3,937.13	-874.95	-765.57

CAR 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.

CAR (HKSE:00699) 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.

CAR (HKSE:00699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CAR Inc (HKSE:00699) » Definitions » Retained Earnings

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Address

No. 2A Zhonghuan South Road, 3rd Floor, Block B, Lead International, Wangjing, Chaoyang District, Beijing, CHN, 100102

Website

https://www.zuche.com

CAR Inc is engaged in providing car rental services. Its businesses include the provision of long-term and short-term car rental services, finance lease and the sales of used rental vehicles, among others. The company is engaged in vehicle parking management, processing and manufacture of auto parts, the provision of auto repair services, as well as the provision of information technology (IT) services. It also offers other services including accident coverage packages, GPS ( Global Positioning System) navigation systems, 24/7 roadside assistance, and others.

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