Brait (JSE:BATP.PFD) Retained Earnings : R0.00 Mil (As of Sep. 2024)

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What is Brait Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Brait's retained earnings for the quarter that ended in Sep. 2024 was R0.00 Mil.

Brait's quarterly retained earnings declined from Sep. 2023 (R0.00 Mil) to Mar. 2024 (R-11,518.00 Mil) but then increased from Mar. 2024 (R-11,518.00 Mil) to Sep. 2024 (R0.00 Mil).

Brait's annual retained earnings declined from Mar. 2022 (R-10,419.00 Mil) to Mar. 2023 (R-11,347.00 Mil) and declined from Mar. 2023 (R-11,347.00 Mil) to Mar. 2024 (R-11,518.00 Mil).

Brait Retained Earnings Historical Data

The historical data trend for Brait'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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Brait Retained Earnings Chart

Brait Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Retained Earnings

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527.00

1,341.00

-10,419.00

-11,347.00

-11,518.00

Brait Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Retained Earnings	Get a 7-Day Free Trial															-	-11,347.00	-	-11,518.00	-

Brait 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.

Brait (JSE:BATP.PFD) 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.

Brait Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Brait PLC (JSE:BATP.PFD) » Definitions » Retained Earnings

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BAT:South Africa

Address

C/o Stonehage Fleming Mauritius, 1st Floor, Les Fascines Block B, Vivea Business Park, Moka, Port Louis, MUS

Website

https://www.brait.com

Brait PLC is an investment holding company that previously transitioned from a private equity model. It makes investments in sizeable, unlisted businesses operating in the consumer sector. Its investment criteria include taking stakes in companies that make a material impact on Brait's earnings, have management, market position, product line, and a historical track record for profitable growth, all at a sensitive acquisition multiple. Brait measures performance by its net asset value's rolling compound annual growth rate over a three-year period. Revenue is almost exclusively derived from gains on the group's investment portfolio. A majority of its holdings are in South African companies, where the company is based.

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