RCL Foods (JSE:RCL) Retained Earnings : R3,595 Mil (As of Dec. 2023)

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What is RCL Foods Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. RCL Foods's retained earnings for the quarter that ended in Dec. 2023 was R3,595 Mil.

RCL Foods's quarterly retained earnings increased from Dec. 2022 (R2,414 Mil) to Jun. 2023 (R2,529 Mil) and increased from Jun. 2023 (R2,529 Mil) to Dec. 2023 (R3,595 Mil).

RCL Foods's annual retained earnings increased from Jun. 2021 (R1,556 Mil) to Jun. 2022 (R2,169 Mil) and increased from Jun. 2022 (R2,169 Mil) to Jun. 2023 (R2,529 Mil).

RCL Foods Retained Earnings Historical Data

The historical data trend for RCL Foods'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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RCL Foods Retained Earnings Chart

RCL Foods Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Retained Earnings

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1,886.78

784.52

1,556.10

2,169.24

2,528.98

RCL Foods 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															1,944.69	2,169.24	2,414.41	2,528.98	3,595.25

RCL Foods 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.

RCL Foods (JSE:RCL) 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.

RCL Foods (JSE:RCL) Business Description

Industry

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Address

Ten The Boulevard, Westway Office Park, Westville, NL, ZAF, 3629

Website

https://www.rclfoods.com

RCL Foods Ltd is a leading African food producer with operations across South Africa, Swaziland, Namibia, Botswana, and Zambia. RCL Foods operates through the below segments, Groceries segment: Engaged in Culinary (includes Mayonnaise, Peanut Butter, Rusks etc.) and Pet Food and Beverages operations; Baking segment: Includes the Milling, Speciality, Pies, Sunbake and Sunshine bakeries and Buns and Rolls; Sugar segment: Includes Sugar and molasses-based feed (Molatek) operations; Rainbow segment includes the chicken business, grain-based feed (Epol and Driehoek) and Waste-to-Value operations. The company generates the majority of its revenue from the Rainbow segment.