Smith & Nephew (LSE:SN.) Retained Earnings : £3,878 Mil (As of Jun. 2024)

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What is Smith & Nephew Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Smith & Nephew's retained earnings for the quarter that ended in Jun. 2024 was £3,878 Mil.

Smith & Nephew's quarterly retained earnings declined from Jun. 2023 (£3,931 Mil) to Dec. 2023 (£3,876 Mil) but then increased from Dec. 2023 (£3,876 Mil) to Jun. 2024 (£3,878 Mil).

Smith & Nephew's annual retained earnings increased from Dec. 2021 (£3,929 Mil) to Dec. 2022 (£4,126 Mil) but then declined from Dec. 2022 (£4,126 Mil) to Dec. 2023 (£3,876 Mil).

Smith & Nephew Retained Earnings Historical Data

The historical data trend for Smith & Nephew'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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Smith & Nephew Retained Earnings Chart

Smith & Nephew Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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3,699.79

3,688.75

3,929.20

4,126.35

3,875.74

Smith & Nephew Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Retained Earnings	Get a 7-Day Free Trial															4,161.50	4,126.35	3,930.70	3,875.74	3,878.12

Smith & Nephew 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.

Smith & Nephew (LSE:SN.) 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.

Smith & Nephew Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Smith & Nephew PLC (LSE:SN.) » Definitions » Retained Earnings

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Address

Hatters Lane, Building 5, Croxley Park, Watford, Hertfordshire, GBR, WD18 8YE

Website

https://www.smith-nephew.com

Smith & Nephew designs, manufactures, and markets orthopedic devices, sports medicine and arthroscopic technologies, and wound care solutions. Roughly 41% of the UK-based firm's revenue comes from orthopedic products, and another 30% is sports medicine and ENT. The remaining 29% of revenue is from the advanced wound therapy segment. Over half of Smith & Nephew's total revenue comes from the United States, just over 30% is from other developed markets, and emerging markets account for the remainder.

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