Tiger Brands (JSE:TBS) Retained Earnings : R15,786 Mil (As of Sep. 2023)

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What is Tiger Brands Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Tiger Brands's retained earnings for the quarter that ended in Sep. 2023 was R15,786 Mil.

Tiger Brands's quarterly retained earnings declined from Sep. 2022 (R14,868 Mil) to Mar. 2023 (R13,775 Mil) but then increased from Mar. 2023 (R13,775 Mil) to Sep. 2023 (R15,786 Mil).

Tiger Brands's annual retained earnings increased from Sep. 2021 (R14,777 Mil) to Sep. 2022 (R14,868 Mil) and increased from Sep. 2022 (R14,868 Mil) to Sep. 2023 (R15,786 Mil).

Tiger Brands Retained Earnings Historical Data

The historical data trend for Tiger Brands'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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Tiger Brands Retained Earnings Chart

Tiger Brands Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Retained Earnings

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13,784.90

13,825.10

14,776.70

14,867.60

15,785.50

Tiger Brands Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Retained Earnings	Get a 7-Day Free Trial															14,776.70	13,658.10	14,867.60	13,774.50	15,785.50

Tiger Brands 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.

Tiger Brands (JSE:TBS) 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.

Tiger Brands (JSE:TBS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tiger Brands Ltd (JSE:TBS) » Definitions » Retained Earnings

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Traded in Other Exchanges

TBLMY:USA TBLMF:USA UG5A:Germany

Address

3010 William Nicol Drive, P.O. Box 78056, Bryanston, Sandton, Johannesburg, GT, ZAF, 2146

Website

https://www.tigerbrands.com

Tiger Brands Ltd is an African manufacturer of branded food, home-care, and personal-care products. Present in 22 African countries, the company also has global distribution in the rest of the world: Germany, the United Kingdom, Sweden, Ireland, Canada, Sweden, the Philippines, Singapore, and Taiwan, among others. The product offering includes perishables, personal-care products, home-care products, snacks, baby care, beverages, grains, groceries, and out-of-home meals. The company reports under the following segments: grains, consumer brands, Home, Personal Care and Baby (HPCB), and export and international. The Grains segment is the largest segment. Some of the best-known brands are Oros, Hall's, Rose's, Ace, Albany, Purity, Ice Cap, Hugo's, and All Good.

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