GETECH Group (LSE:GTC) Retained Earnings : £-8.04 Mil (As of Jun. 2024)

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What is GETECH Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. GETECH Group's retained earnings for the quarter that ended in Jun. 2024 was £-8.04 Mil.

GETECH Group's quarterly retained earnings declined from Jun. 2023 (£-5.05 Mil) to Dec. 2023 (£-7.41 Mil) and declined from Dec. 2023 (£-7.41 Mil) to Jun. 2024 (£-8.04 Mil).

GETECH Group's annual retained earnings declined from Dec. 2021 (£0.32 Mil) to Dec. 2022 (£-2.38 Mil) and declined from Dec. 2022 (£-2.38 Mil) to Dec. 2023 (£-7.41 Mil).

GETECH Group Retained Earnings Historical Data

The historical data trend for GETECH Group'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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GETECH Group Retained Earnings Chart

GETECH Group Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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3.89

2.27

0.32

-2.38

-7.41

GETECH Group Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Retained Earnings	Get a 7-Day Free Trial															-0.57	-2.38	-5.05	-7.41	-8.04

GETECH Group 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.

GETECH Group (LSE:GTC) 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.

GETECH Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » GETECH Group PLC (LSE:GTC) » Definitions » Retained Earnings

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Address

Elmete Lane, Nicholson House, Elmete Hall, Leeds, GBR, LS8 2LJ

Website

https://www.getech.com

GETECH Group PLC is a UK-based geosciences service provider company. It is engaged in providing geological services, reports, and data to the petroleum and mining industries to assist in their exploration activities. Its operating segments are; Recurring revenues, Services, Spot sales, and Asset development. The company generates maximum revenue from the Recurring revenues segment which includes Globe, Data, and Software subscriptions income. Geographically, the company derives its key revenue from the United States of America and the rest from the United Kingdom, Kazakhstan, Italy, Malaysia, Australia, Europe, and other regions.

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