Eco-Tek Holdings (HKSE:08169) Retained Earnings : HK$56.58 Mil (As of Oct. 2024)

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What is Eco-Tek Holdings Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Eco-Tek Holdings's retained earnings for the quarter that ended in Oct. 2024 was HK$56.58 Mil.

Eco-Tek Holdings's quarterly retained earnings increased from Oct. 2023 (HK$58.39 Mil) to Apr. 2024 (HK$60.40 Mil) but then declined from Apr. 2024 (HK$60.40 Mil) to Oct. 2024 (HK$56.58 Mil).

Eco-Tek Holdings's annual retained earnings increased from Oct. 2022 (HK$52.79 Mil) to Oct. 2023 (HK$58.39 Mil) but then declined from Oct. 2023 (HK$58.39 Mil) to Oct. 2024 (HK$56.58 Mil).

Eco-Tek Holdings Retained Earnings Historical Data

The historical data trend for Eco-Tek 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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Eco-Tek Holdings Retained Earnings Chart

Eco-Tek Holdings Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Retained Earnings

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43.35

52.79

58.39

56.58

Eco-Tek Holdings Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Apr24	Oct24
Retained Earnings	Get a 7-Day Free Trial															54.80	-	58.39	60.40	56.58

Eco-Tek 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.

Eco-Tek Holdings (HKSE:08169) 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.

Eco-Tek Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Eco-Tek Holdings Ltd (HKSE:08169) » Definitions » Retained Earnings

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Address

20 Westlands Road, Quarry Bay, Unit 2, 9th Floor, Westlands Centre, Hong Kong, HKG

Website

http://www.eco-tek.com.hk

Eco-Tek Holdings Ltd and its subsidiaries are principally involved in the marketing, sales, servicing, research, and development of environmental protection-related products and services. The company operates in two segments: Environment-friendly products and Water supply plants. The environment-friendly products segment, which accounts for the key revenue is into the sale of general & industrial environment-friendly products, components, and other related accessories. Its geographical segments are Hong Kong, PRC, and others, of which key revenue comes from the PRC.

Executives

Pau Kwok Ping	2101 Beneficial owner
Crayne Company Limited	2101 Beneficial owner
Wide Sky Management Limited (formerly Known As Wide Sky Management (ptc) Limited)	2201 Interest of corporation controlled by you
Chiang Lily	2307 Founder of a discretionary trust who can infl
Virtue Trustees (switzerland) Ag	2301 Trustee

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