LC Logistics (HKSE:02490) Retained Earnings : HK$1,023 Mil (As of Dec. 2023)

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What is LC Logistics Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. LC Logistics's retained earnings for the quarter that ended in Dec. 2023 was HK$1,023 Mil.

LC Logistics's quarterly retained earnings increased from Dec. 2021 (HK$535 Mil) to Dec. 2022 (HK$912 Mil) and increased from Dec. 2022 (HK$912 Mil) to Dec. 2023 (HK$1,023 Mil).

LC Logistics's annual retained earnings increased from Dec. 2021 (HK$535 Mil) to Dec. 2022 (HK$912 Mil) and increased from Dec. 2022 (HK$912 Mil) to Dec. 2023 (HK$1,023 Mil).

LC Logistics Retained Earnings Historical Data

The historical data trend for LC Logistics'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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LC Logistics Retained Earnings Chart

LC Logistics Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Retained Earnings

63.92

534.59

912.16

1,023.45

LC Logistics Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Retained Earnings	63.92	534.59	912.16	1,023.45

LC Logistics 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.

LC Logistics (HKSE:02490) 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.

LC Logistics (HKSE:02490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » LC Logistics Inc (HKSE:02490) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

9/F, China Stone Building, 37 Hong Kong Middle Road, Shinan District, Shandong Province, Qingdao, CHN

Website

http://www.burnasia.cn

LC Logistics Inc is a company involved in cross-border logistics services. The company provides services cover all major aspects of the cross-border logistics process, including cargo pick-up and sorting, customs clearance, cross-border seaborne transportation, warehouse transit and last-mile delivery.

Executives

Li Yan	2201 Interest of corporation controlled by you
Liu Quanxiang	2201 Interest of corporation controlled by you
Xu Xin	2201 Interest of corporation controlled by you
Grand Sailing Limited	2201 Interest of corporation controlled by you
Lecang Altitude Limited	2101 Beneficial owner
Glorious Sailing Limited	2101 Beneficial owner
Lecang Flourishing Limited	2101 Beneficial owner
Spring Wealth Limited	2201 Interest of corporation controlled by you
Lecang Shining Limited	2101 Beneficial owner
Peace Seaworld Limited	2201 Interest of corporation controlled by you

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