BHP Group (JSE:BHG) Retained Earnings : R736,482 Mil (As of Jun. 2024)

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What is BHP Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. BHP Group's retained earnings for the quarter that ended in Jun. 2024 was R736,482 Mil.

BHP Group's quarterly retained earnings declined from Jun. 2023 (R745,799 Mil) to Dec. 2023 (R682,557 Mil) but then increased from Dec. 2023 (R682,557 Mil) to Jun. 2024 (R736,482 Mil).

BHP Group's annual retained earnings increased from Jun. 2022 (R637,921 Mil) to Jun. 2023 (R745,799 Mil) but then declined from Jun. 2023 (R745,799 Mil) to Jun. 2024 (R736,482 Mil).

BHP Group Retained Earnings Historical Data

The historical data trend for BHP 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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BHP Group Retained Earnings Chart

BHP Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Retained Earnings

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743,555.74

650,840.91

637,921.27

745,799.36

736,482.12

BHP Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Retained Earnings	Get a 7-Day Free Trial															637,921.27	655,119.36	745,799.36	682,556.73	736,482.12

BHP 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.

BHP Group (JSE:BHG) 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.

BHP Group Business Description

Industry

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BHPLF:USA BHP:USA BHPN:Mexico BHPl:UK BHP:UK 0HN3:UK BHP1:Germany BHP:Germany BHP1:Germany BHP1:Germany BHP:Germany BHP:Australia BHP:Argentina

Address

171 Collins Street, Level 18, Melbourne, VIC, AUS, 3000

Website

https://www.bhp.com

BHP is a global diversified miner mainly supplying iron ore and copper. The merger of BHP Limited and Billiton PLC created the present-day BHP Group. The dual-listed structure from the 2001 BHP and Billiton merger was collapsed in 2022. Major assets include Pilbara iron ore and Escondida copper. Onshore us oil and gas assets were sold in 2018 and the remaining Petroleum assets were spun off and merged with Woodside in 2022, with BHP vesting the Woodside shares it received to BHP shareholders. It purchased copper miner Oz Minerals in fiscal 2023 and is entering the potash market through the development of its Jansen project in Canada. However, due to low nickel prices, BHP is placing its nickel business on care and maintenance in late 2024.

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