Tekmar Group (LSE:TGP) Retained Earnings : £-28.53 Mil (As of Mar. 2024)

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What is Tekmar Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Tekmar Group's retained earnings for the quarter that ended in Mar. 2024 was £-28.53 Mil.

Tekmar Group's quarterly retained earnings declined from Mar. 2023 (£-20.04 Mil) to Sep. 2023 (£-27.85 Mil) and declined from Sep. 2023 (£-27.85 Mil) to Mar. 2024 (£-28.53 Mil).

Tekmar Group's annual retained earnings declined from Mar. 2020 (£-7.69 Mil) to Sep. 2022 (£-18.28 Mil) and declined from Sep. 2022 (£-18.28 Mil) to Sep. 2023 (£-27.85 Mil).

Tekmar Group Retained Earnings Historical Data

The historical data trend for Tekmar 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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Tekmar Group Retained Earnings Chart

Tekmar Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Sep22

Sep23

Retained Earnings

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-12.70

-10.10

-7.69

-18.28

-27.85

Tekmar Group Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar22	Sep22	Mar23	Sep23	Mar24
Retained Earnings	Get a 7-Day Free Trial									-16.29	-18.28	-20.04	-27.85	-28.53

Tekmar 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.

Tekmar Group (LSE:TGP) 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.

Tekmar Group Business Description

Industry

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Address

Centurion Way, Innovation House, Darlington, GBR, DL3 0UP

Website

https://www.tekmargroup.com

Tekmar Group PLC is engaged in the designing, manufacturing, and supply of subsea cables, umbilical, and flexible protection systems. Its sector includes Offshore Wind, Oil & Gas, Interconnectors, Wave & Tidal, Marine Civils, and Telecoms. Geographically it has a presence in the UK and Ireland, China, the USA and Canada, the Middle East, and the Rest of the World, and the majority of the revenue comes from Europe.