P.B. Group (HKSE:08331) Retained Earnings : HK$-91.23 Mil (As of Sep. 2024)

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What is P.B. Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. P.B. Group's retained earnings for the quarter that ended in Sep. 2024 was HK$-91.23 Mil.

P.B. Group's quarterly retained earnings declined from Sep. 2023 (HK$-84.01 Mil) to Mar. 2024 (HK$-86.48 Mil) and declined from Mar. 2024 (HK$-86.48 Mil) to Sep. 2024 (HK$-91.23 Mil).

P.B. Group's annual retained earnings stayed the same from Dec. 2019 (HK$0.00 Mil) to Dec. 2020 (HK$0.00 Mil) but then declined from Dec. 2020 (HK$0.00 Mil) to Dec. 2021 (HK$-83.21 Mil).

P.B. Group Retained Earnings Historical Data

The historical data trend for P.B. 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.

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P.B. Group Retained Earnings Chart

P.B. Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Retained Earnings

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-83.21

P.B. Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Mar24	Sep24
Retained Earnings	Get a 7-Day Free Trial															-	-	-84.01	-86.48	-91.23

P.B. 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.

P.B. Group (HKSE:08331) 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.

P.B. Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » P.B. Group Ltd (HKSE:08331) » Definitions » Retained Earnings

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Address

180 Tung Lo Wan Road, Room 1601, 16th Floor, Park Commercial Centre, Causeway Bay, Hong Kong, HKG

Website

http://www.thepbg.com

P.B. Group Ltd is engaged in bentonite mining, production, and sales of drilling mud and pelletizing clay. It also engaged in the financial service business. It operates in three reportable segments Bentonite mining operation engaged in Bentonite mining, production, and sales of drilling mud and pelletizing clay; Financial service business engaged in the provision of wealth management services, money lending services, and provision of financial services; and Property investment business engaged in properties for rental income potential and/or for capital appreciation. It derives revenue from Bentonite mining operations.

Executives

P.b. Asia Holdings Limited	2101 Beneficial owner
Bonus Eventus Securities Limited	2101 Beneficial owner
Value Dynasty Limited	2201 Interest of corporation controlled by you
Chan Man Fung	2201 Interest of corporation controlled by you
Pui Wai Lun	2201 Interest of corporation controlled by you
Wang Jie
Zhang Qiang
P.b. Capital Advanced Fund Spc – P.b. Capital Advanced Fund 1 Segregated Portfolio
Zhuang Shibin	2101 Beneficial owner

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