Strix Group (LSE:KETL) Retained Earnings : £9.9 Mil (As of Jun. 2024)

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What is Strix Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Strix Group's retained earnings for the quarter that ended in Jun. 2024 was £9.9 Mil.

Strix Group's quarterly retained earnings increased from Jun. 2023 (£15.3 Mil) to Dec. 2023 (£18.2 Mil) but then declined from Dec. 2023 (£18.2 Mil) to Jun. 2024 (£9.9 Mil).

Strix Group's annual retained earnings increased from Dec. 2021 (£10.1 Mil) to Dec. 2022 (£12.5 Mil) and increased from Dec. 2022 (£12.5 Mil) to Dec. 2023 (£18.2 Mil).

Strix Group Retained Earnings Historical Data

The historical data trend for Strix 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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Strix Group Retained Earnings Chart

Strix Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-14.05

6.29

10.15

12.48

18.17

Strix Group Semi-Annual Data
	Dec14	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Retained Earnings	Get a 7-Day Free Trial												8.23	12.48	15.33	18.17	9.88

Strix 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.

Strix Group (LSE:KETL) 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.

Strix Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Strix Group PLC (LSE:KETL) » Definitions » Retained Earnings

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Address

Forrest House, Ronaldsway, IMN, IM9 2RG

Website

https://www.strixplc.com

Strix Group PLC manufactures and markets kettle controls for appliances. The company is engaged in the business of design, manufacture, and supply of kettle safety controls and other components and devices involving water heating and temperature control, steam management, and water filtration. Its revenue is generated by the sale of thermostatic controls, cordless interfaces, and other products such as water jugs and filters. The company's reportable segments include Kettle controls, Water category, and Appliances. It generates maximum revenue from the Kettle controls segment. The company's commercial and residential customers are based in China, Italy, Australia, New Zealand, and the United Kingdom.

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