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Sanica Isinayi AS (IST:SNICA) Retained Earnings : ₺1,731 Mil (As of Jun. 2024)


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What is Sanica Isinayi AS Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Sanica Isinayi AS's retained earnings for the quarter that ended in Jun. 2024 was ₺1,731 Mil.

Sanica Isinayi AS's quarterly retained earnings increased from Dec. 2023 (₺1,254 Mil) to Mar. 2024 (₺1,590 Mil) and increased from Mar. 2024 (₺1,590 Mil) to Jun. 2024 (₺1,731 Mil).

Sanica Isinayi AS's annual retained earnings increased from Dec. 2021 (₺140 Mil) to Dec. 2022 (₺897 Mil) and increased from Dec. 2022 (₺897 Mil) to Dec. 2023 (₺1,254 Mil).


Sanica Isinayi AS Retained Earnings Historical Data

The historical data trend for Sanica Isinayi AS'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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Sanica Isinayi AS Retained Earnings Chart

Sanica Isinayi AS Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
108.79 177.58 139.54 897.05 1,254.13

Sanica Isinayi AS Quarterly Data
Dec19 Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 342.89 313.40 1,254.13 1,589.57 1,730.78

Sanica Isinayi AS 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.


Sanica Isinayi AS  (IST:SNICA) 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.


Sanica Isinayi AS Business Description

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Address
Kavakl? Mah Istanbul Cad. No: 10, Istanbul, TUR, 34520
Sanica Isi Sanayi AS engages in manufacturing fabricated metal products, machinery electrical equipment, and transportation vehicles. It is a manufacturer of acrylic bathtubs and also produces bathrooms, spas, heat, plumbing, glass, and infrastructure. It offers electric housewares, acrylic bathtubs, boilers, panel radiators, and towel warmers.

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