Major Holdings (HKSE:01389) Retained Earnings : HK$-41.06 Mil (As of Sep. 2024)

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What is Major Holdings Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Major Holdings's retained earnings for the quarter that ended in Sep. 2024 was HK$-41.06 Mil.

Major Holdings's quarterly retained earnings declined from Sep. 2023 (HK$-22.63 Mil) to Mar. 2024 (HK$-33.60 Mil) and declined from Mar. 2024 (HK$-33.60 Mil) to Sep. 2024 (HK$-41.06 Mil).

Major Holdings's annual retained earnings declined from Mar. 2022 (HK$-1.33 Mil) to Mar. 2023 (HK$-17.92 Mil) and declined from Mar. 2023 (HK$-17.92 Mil) to Mar. 2024 (HK$-33.60 Mil).

Major Holdings Retained Earnings Historical Data

The historical data trend for Major Holdings'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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Major Holdings Retained Earnings Chart

Major Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Retained Earnings

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-1.33

-17.92

-33.60

Major Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Retained Earnings	Get a 7-Day Free Trial															-	-17.92	-22.63	-33.60	-41.06

Major Holdings 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.

Major Holdings (HKSE:01389) 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.

Major Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Major Holdings Ltd (HKSE:01389) » Definitions » Retained Earnings

Traded in Other Exchanges

N/A

Address

30 Canton Road, Suite 1507, Tower 2, Silvercord, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.majorgroup.com.hk/about

Major Holdings Ltd is an investment holding company. The company is principally engaged in the distribution of wine and spirit products and wine accessory products in Hong Kong. The products of the company include Red wine, White wine, Sparkling wine, Spirits, Sake, Wine accessory products, and other products. The group offers products through its retail showrooms, a network of distributors, retail organizations, five-star hotels, and private clubs. The majority of the revenue of the company is derived from Hong Kong.

Executives

Silver Tycoon Limited	2101 Beneficial owner
Zhang Guangyuan	2101 Beneficial owner
Zhang Guozhong	2101 Beneficial owner
Cheung Chun To	2201 Interest of corporation controlled by you
Lin Shuk Shuen	2101 Beneficial owner
Zheng Huanming	2101 Beneficial owner
High State Investments Limited	2101 Beneficial owner
Leung Chi Kin Joseph	2201 Interest of corporation controlled by you
Ma Pui Ying	2202 Interest of your spouse
Lai Wai Kong	2101 Beneficial owner

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