Advtech (JSE:ADH) Retained Earnings : R3,855 Mil (As of Dec. 2023)

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What is Advtech Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Advtech's retained earnings for the quarter that ended in Dec. 2023 was R3,855 Mil.

Advtech's quarterly retained earnings declined from Dec. 2022 (R3,276 Mil) to Jun. 2023 (R0 Mil) but then increased from Jun. 2023 (R0 Mil) to Dec. 2023 (R3,855 Mil).

Advtech's annual retained earnings increased from Dec. 2021 (R2,722 Mil) to Dec. 2022 (R3,276 Mil) and increased from Dec. 2022 (R3,276 Mil) to Dec. 2023 (R3,855 Mil).

Advtech Retained Earnings Historical Data

The historical data trend for Advtech'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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Advtech Retained Earnings Chart

Advtech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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1,840.00

2,274.90

2,721.50

3,275.60

3,855.30

Advtech Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial															2,721.50	-	3,275.60	-	3,855.30

Advtech 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.

Advtech (JSE:ADH) 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.

Advtech (JSE:ADH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Advtech Ltd (JSE:ADH) » Definitions » Retained Earnings

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Address

54 Wierda Road West, ADvTECH House, Inanda Greens Office Park, Building 7, Wierda Valley, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.advtech.co.za

Advtech Ltd is a South Africa-based company engaged in education and training services. The company has three primary business segments, Schools, Tertiary, and Resourcing. The Schools segment offers pre-primary, primary, and secondary educations services. The Tertiary segment provides diploma, degree, and post-graduate services. The Resourcing segment provides permanent, temporary, and contract staffing solutions. These staffing positions are in several areas such as information technology, network finance, accounting and finance, engineering, and advertising.

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