GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Modern Dental Group Ltd (HKSE:03600) » Definitions » Retained Earnings

Modern Dental Group (HKSE:03600) Retained Earnings : HK$2,099 Mil (As of Jun. 2024)


View and export this data going back to 2015. Start your Free Trial

What is Modern Dental Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Modern Dental Group's retained earnings for the quarter that ended in Jun. 2024 was HK$2,099 Mil.

Modern Dental Group's quarterly retained earnings increased from Jun. 2023 (HK$1,749 Mil) to Dec. 2023 (HK$1,884 Mil) and increased from Dec. 2023 (HK$1,884 Mil) to Jun. 2024 (HK$2,099 Mil).

Modern Dental Group's annual retained earnings increased from Dec. 2021 (HK$0 Mil) to Dec. 2022 (HK$1,540 Mil) and increased from Dec. 2022 (HK$1,540 Mil) to Dec. 2023 (HK$1,884 Mil).


Modern Dental Group Retained Earnings Historical Data

The historical data trend for Modern Dental Group'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.

* Premium members only.

Modern Dental Group Retained Earnings Chart

Modern Dental Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 1,539.52 1,883.75

Modern Dental Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 1,539.52 1,749.05 1,883.75 2,098.88

Modern Dental Group 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.


Modern Dental Group  (HKSE:03600) 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.


Modern Dental Group Business Description

Traded in Other Exchanges
Address
77 Wing Hong Street, Room 01-07, 09-16, 17th Floor, CEO Tower, Cheung Sha Wan, Kowloon, Hong Kong, HKG
Modern Dental Group Ltd, along with its subsidiaries, is engaged in providing dental prosthetic devices. Its product portfolio is categorized into three segments, Fixed prosthetic devices such as crowns and bridges; Removable prosthetic devices such as removable dentures; and Other devices such as orthodontic devices, sports guards, and anti-snoring devices, raw materials, dental equipment, and services of educational events and seminars rendered. It generates a majority of the revenue from the sale of the Fixed prosthetic devices segment. Its geographical segments are Europe which derives key revenue, North America, Australia, Greater China, and other countries.
Executives
Chan Kwun Fung
Chan Kwun Pan
Ngai Shing Kin
Ngai Chi Ho Alwin
Triera Holdings Limited 2101 Beneficial owner
Ncha Holdings Limited 2101 Beneficial owner

Modern Dental Group Headlines

No Headlines