Virgin Wines UK (LSE:VINO) Retained Earnings : £10.16 Mil (As of Jun. 2024)

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What is Virgin Wines UK Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Virgin Wines UK's retained earnings for the quarter that ended in Jun. 2024 was £10.16 Mil.

Virgin Wines UK's quarterly retained earnings increased from Jun. 2023 (£8.81 Mil) to Dec. 2023 (£9.61 Mil) and increased from Dec. 2023 (£9.61 Mil) to Jun. 2024 (£10.16 Mil).

Virgin Wines UK's annual retained earnings declined from Jun. 2022 (£9.40 Mil) to Jun. 2023 (£8.81 Mil) but then increased from Jun. 2023 (£8.81 Mil) to Jun. 2024 (£10.16 Mil).

Virgin Wines UK Retained Earnings Historical Data

The historical data trend for Virgin Wines UK'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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Virgin Wines UK Retained Earnings Chart

Virgin Wines UK Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Retained Earnings

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5.67

5.05

9.40

8.81

10.16

Virgin Wines UK Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Retained Earnings	Get a 7-Day Free Trial							9.40	9.48	8.81	9.61	10.16

Virgin Wines UK 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.

Virgin Wines UK (LSE:VINO) 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.

Virgin Wines UK Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Virgin Wines UK PLC (LSE:VINO) » Definitions » Retained Earnings

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Address

St James' Mill, 4th Floor, Whitefriars, Norwich, GBR, NR3 1TN

Website

https://www.virginwinesplc.co.uk

Virgin Wines UK PLC is a direct-to-consumer online wine retailers. It has over 650 wines sourced from more than 40 winemaking partners and suppliers around the world. The product portfolio of the company includes Red Wine, Sparkling Wine, Dessert Wine, Champagne, Cremant, and Cava among others.

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