Swang Chai Chuan (HKSE:02321) Retained Earnings : HK$273 Mil (As of Jun. 2024)

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What is Swang Chai Chuan Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Swang Chai Chuan's retained earnings for the quarter that ended in Jun. 2024 was HK$273 Mil.

Swang Chai Chuan's quarterly retained earnings increased from Jun. 2023 (HK$236 Mil) to Dec. 2023 (HK$252 Mil) and increased from Dec. 2023 (HK$252 Mil) to Jun. 2024 (HK$273 Mil).

Swang Chai Chuan's annual retained earnings increased from Dec. 2021 (HK$0 Mil) to Dec. 2022 (HK$242 Mil) and increased from Dec. 2022 (HK$242 Mil) to Dec. 2023 (HK$252 Mil).

Swang Chai Chuan Retained Earnings Historical Data

The historical data trend for Swang Chai Chuan'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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Swang Chai Chuan Retained Earnings Chart

Swang Chai Chuan Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

241.75

252.06

Swang Chai Chuan Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Retained Earnings	Get a 7-Day Free Trial				-	241.75	236.29	252.06	273.00

Swang Chai Chuan 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.

Swang Chai Chuan (HKSE:02321) 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.

Swang Chai Chuan Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Swang Chai Chuan Ltd (HKSE:02321) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kawasan Perindustrian Semambu, Lot 147-A, Kuantan, PHG, MYS, 25350

Website

https://www.sccgroup.com.my

Swang Chai Chuan Ltd is a distributor of Food and Beverages and other products for recognized international and domestic third-party brands and own brands in Malaysia. The company has one reportable segment which is the whole the business of distribution and sales of F&B and provision of logistics services, and warehousing services. It manages its business as a whole as the businesses of distribution and sales of F&B and provision of logistics, warehousing services, and others are carried out in Malaysia.

Executives

Tee Kian Heng	2101 Beneficial owner
Lim Tau Hong	2202 Interest of your spouse
Ng Kar Wei	2202 Interest of your spouse
Ng Mee Lam	2202 Interest of your spouse
Soon Chiew Ang	2201 Interest of corporation controlled by you
Soon Holdings Limited	2101 Beneficial owner
Soon Lee Shiang	2201 Interest of corporation controlled by you
Soon See Beng	2201 Interest of corporation controlled by you
Soon See Long	2201 Interest of corporation controlled by you
Yang Lixia	2202 Interest of your spouse

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