KARO (Karooooo) Retained Earnings : $90.1 Mil (As of Aug. 2024)

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What is Karooooo Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Karooooo's retained earnings for the quarter that ended in Aug. 2024 was $90.1 Mil.

Karooooo's quarterly retained earnings increased from Feb. 2024 ($94.8 Mil) to May. 2024 ($110.0 Mil) but then declined from May. 2024 ($110.0 Mil) to Aug. 2024 ($90.1 Mil).

Karooooo's annual retained earnings increased from Feb. 2022 ($83.9 Mil) to Feb. 2023 ($87.4 Mil) and increased from Feb. 2023 ($87.4 Mil) to Feb. 2024 ($94.8 Mil).

Karooooo Retained Earnings Historical Data

The historical data trend for Karooooo'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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Karooooo Retained Earnings Chart

Karooooo Annual Data

Trend

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Retained Earnings

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55.64

55.16

83.89

87.39

94.84

Karooooo Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Retained Earnings	Get a 7-Day Free Trial															74.38	85.99	94.84	109.98	90.06

Karooooo 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.

Karooooo (NAS:KARO) 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.

Karooooo Business Description

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KRO:South Africa

Address

1 Harbourfront Avenue, Keppel Bay Tower No. 14-07, Singapore, SGP, 098632

Website

https://www.karooooo.com

Karooooo Ltd is a global provider of real-time mobility data analytics solutions for smart transportation. It offers a comprehensive, cloud-based smart mobility platform for connected vehicles and other assets. The company's software-as-a-service platform provides customers with differentiated insights and analytics to optimize business and workforce, increase efficiency and decrease costs, improve safety, monitor environmental impact, assist with regularity compliance, and manage risk. The segments of the group are Cartrack; Carzuka; and Karooooo Logistics, of which key revenue is derived from the Cartrack segment.