BYD Co (HKSE:01211) Retained Earnings : HK$91,772 Mil (As of Sep. 2024)

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What is BYD Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. BYD Co's retained earnings for the quarter that ended in Sep. 2024 was HK$91,772 Mil.

BYD Co's quarterly retained earnings declined from Mar. 2024 (HK$77,880 Mil) to Jun. 2024 (HK$77,234 Mil) but then increased from Jun. 2024 (HK$77,234 Mil) to Sep. 2024 (HK$91,772 Mil).

BYD Co's annual retained earnings increased from Dec. 2021 (HK$32,394 Mil) to Dec. 2022 (HK$45,722 Mil) and increased from Dec. 2022 (HK$45,722 Mil) to Dec. 2023 (HK$73,419 Mil).

BYD Co Retained Earnings Historical Data

The historical data trend for BYD 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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BYD Co Retained Earnings Chart

BYD Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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23,430.34

28,991.60

32,394.40

45,721.91

73,418.78

BYD Co 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															63,274.20	73,418.78	77,879.96	77,234.44	91,771.72

BYD 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.

BYD Co (HKSE:01211) 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.

BYD Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BYD Co Ltd (HKSE:01211) » Definitions » Retained Earnings

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Traded in Other Exchanges

BYDDY:USA BYDDF:USA 1211:Mexico 0HKY:UK 0VSO:UK BY6A:Germany BY6:Germany BY6:Germany BY6A:Germany BY6:Germany 002594:China BY6:Bulgaria BY6:Austria

Address

No. 3009, BYD Road, Pingshan, Guangdong Province, Shenzhen, CHN, 518118

Website

https://www.byd.com

Founded in 1995, BYD is a leading Chinese manufacturer in the design, development, and production of new energy vehicles, or NEVs. In March 2022, the firm discontinued production of internal combustion engine, or ICE, vehicles. Its products primarily target the growing midpriced mass-market segment in China's passenger vehicle market. The company sold about 3 million passenger NEVs in 2023, accounting for 33% of the Chinese passenger NEV market. Besides automobile production, the company is also engaged in handset components and assembly services, as well as the rechargeable battery and photovoltaics business. After more than 25 years of development, the company has established over 30 industrial parks worldwide.

Executives

Blackrock, Inc.	2201 Interest of corporation controlled by you
Berkshire Hathaway Energy Company (formerly Known As Midamerican Energy Holdings Company)	2201 Interest of corporation controlled by you
Berkshire Hathaway Inc.	2201 Interest of corporation controlled by you
Rong Jie Tou Zi Kong Gu Ji Tuan You Xian Gong Si	2101 Beneficial owner

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