Kobe Steel (Kobe Steel) Retained Earnings : $3,814 Mil (As of Dec. 2023)

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What is Kobe Steel Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Kobe Steel's retained earnings for the quarter that ended in Dec. 2023 was $3,814 Mil.

Kobe Steel's quarterly retained earnings increased from Jun. 2023 ($3,454 Mil) to Sep. 2023 ($3,636 Mil) and increased from Sep. 2023 ($3,636 Mil) to Dec. 2023 ($3,814 Mil).

Kobe Steel's annual retained earnings increased from Mar. 2021 ($3,394 Mil) to Mar. 2022 ($3,525 Mil) and increased from Mar. 2022 ($3,525 Mil) to Mar. 2023 ($3,537 Mil).

Kobe Steel Retained Earnings Historical Data

The historical data trend for Kobe Steel'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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Kobe Steel Retained Earnings Chart

Kobe Steel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Retained Earnings

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3,736.76

3,210.45

3,393.70

3,525.40

3,536.90

Kobe Steel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															3,318.41	3,536.90	3,454.37	3,636.05	3,813.87

Kobe Steel 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.

Kobe Steel (OTCPK:KBSTY) 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.

Kobe Steel (Kobe Steel) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kobe Steel Ltd (OTCPK:KBSTY) » Definitions » Retained Earnings

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KBSTF:USA 5406:Japan KST:Germany

Address

2-4, Wakinohama-Kaigandori 2-chome, Chuo-ku, Kobe, Hyogo, JPN, 651-8585

Website

http://www.kobelco.co.jp

Kobe Steel Ltd is a Japan-based company that is primarily engaged in iron and steel, aluminum and copper, construction machinery, nonconstruction machinery, and engineering businesses. Its iron and steel business involves production of steel products, steel casting and forging, and manufacturing of titanium and steel powder. Its aluminum and copper segment manufactures aluminum and copper products. Its construction machinery segment develops and manufactures construction equipment. The nonconstruction machinery segment offers industrial machinery, compressors and equipment for the nuclear and other energy industries. The engineering segment provides solutions to plants, power stations, and water treatment companies. Japan and China account for the majority of the company's revenue.

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