Italtile (JSE:ITE) Retained Earnings : R4,554 Mil (As of Dec. 2023)

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What is Italtile Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Italtile's retained earnings for the quarter that ended in Dec. 2023 was R4,554 Mil.

Italtile's quarterly retained earnings increased from Dec. 2022 (R3,733 Mil) to Jun. 2023 (R4,005 Mil) and increased from Jun. 2023 (R4,005 Mil) to Dec. 2023 (R4,554 Mil).

Italtile's annual retained earnings increased from Jun. 2021 (R2,736 Mil) to Jun. 2022 (R3,070 Mil) and increased from Jun. 2022 (R3,070 Mil) to Jun. 2023 (R4,005 Mil).

Italtile Retained Earnings Historical Data

The historical data trend for Italtile'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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Italtile Retained Earnings Chart

Italtile Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Retained Earnings

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1,902.00

1,448.00

2,736.00

3,070.00

4,005.00

Italtile 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															2,666.00	3,070.00	3,733.00	4,005.00	4,554.00

Italtile 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.

Italtile (JSE:ITE) 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.

Italtile (JSE:ITE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Italtile Ltd (JSE:ITE) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corner William Nicol Drive and Peter Place, The Italtile Building, Bryanston, Johannesburg, GT, ZAF, 2021

Website

https://www.italtile.com

Italtile Ltd is a South Africa-based retailer of imported and local ceramic tiles, bathroom accessories, and related products. Its core business segments into five areas: retail, franchising, properties, manufacturing, and supply and support services. The company's four brands - Italtile, CTM, topT, and U-Light -provide tiles, bath fixtures, home finishing products, lighting, and other accessories. Its manufacturing includes the production of tiles, sanitaryware, baths, adhesive and related products. Italtile derives the majority of its pretax profit from South Africa, predominantly from its retail segment and secondarily from its manufacturing operations.

Italtile (JSE:ITE) Headlines

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