Grand Fortune High Grade (LSE:GFHG) Retained Earnings : £-3.27 Mil (As of Oct. 2023)

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What is Grand Fortune High Grade Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Grand Fortune High Grade's retained earnings for the quarter that ended in Oct. 2023 was £-3.27 Mil.

Grand Fortune High Grade's quarterly retained earnings declined from Oct. 2022 (£-2.73 Mil) to Apr. 2023 (£-2.93 Mil) and declined from Apr. 2023 (£-2.93 Mil) to Oct. 2023 (£-3.27 Mil).

Grand Fortune High Grade's annual retained earnings declined from Apr. 2021 (£-2.29 Mil) to Apr. 2022 (£-2.57 Mil) and declined from Apr. 2022 (£-2.57 Mil) to Apr. 2023 (£-2.93 Mil).

Grand Fortune High Grade Retained Earnings Historical Data

The historical data trend for Grand Fortune High Grade'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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Grand Fortune High Grade Retained Earnings Chart

Grand Fortune High Grade Annual Data

Trend

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Retained Earnings

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-2.12

-2.54

-2.29

-2.57

-2.93

Grand Fortune High Grade Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Retained Earnings	Get a 7-Day Free Trial								-2.45	-2.57	-2.73	-2.93	-3.27

Grand Fortune High Grade 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.

Grand Fortune High Grade (LSE:GFHG) 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.

Grand Fortune High Grade (LSE:GFHG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Grand Fortune High Grade Ltd (LSE:GFHG) » Definitions » Retained Earnings

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Traded in Other Exchanges

N/A

Address

No. 2193 Guangyuan East, Room No. 1805, Times New World Center, Tianhe District, Guangdong Province, Guangzhou, CHN

Website

http://www.gf-hg.com

Grand Fortune High Grade Ltd provides financial training, corporate training, and professional qualification courses. The company is focused on development, by organic growth, it's a financial training business to satisfy the significant demand for financial sector specialists. The firm operates in a single segment namely the Development and operation of financial training courses in China.

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