XXL ASA (LTS:0R3P) Retained Earnings : kr-1,877 Mil (As of Mar. 2024)

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What is XXL ASA Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. XXL ASA's retained earnings for the quarter that ended in Mar. 2024 was kr-1,877 Mil.

XXL ASA's quarterly retained earnings increased from Sep. 2023 (kr-647 Mil) to Dec. 2023 (kr0 Mil) but then declined from Dec. 2023 (kr0 Mil) to Mar. 2024 (kr-1,877 Mil).

XXL ASA Retained Earnings Historical Data

The historical data trend for XXL ASA'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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XXL ASA Retained Earnings Chart

XXL ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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XXL ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial															-197.00	-488.00	-647.00	-	-1,877.00

XXL ASA 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.

XXL ASA (LTS:0R3P) 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.

XXL ASA (LTS:0R3P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » XXL ASA (LTS:0R3P) » Definitions » Retained Earnings

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XXLo:Sweden XXL:Norway 2XX:Germany

Address

Stromsveien 245, Alna Center, Oslo, NOR, N-0668

Website

https://www.xxlasa.com

XXL ASA is a sports retailer operating in Norway, Sweden, and Finland. The company strategy is to offer the lowest prices and the broadest assortment of products with focus on branded goods. The products are organized into six product categories: shoes, sportwear, outdoor, ski/bike, hunting and sports, and health and fitness. The product categories provide equipment, casual wear, sportswear, shoes, sleeping bags, cooking equipment, firearms, binoculars, GPS equipment, knives, axes, backpacks, and maps for various sports, including water sports, football, golf, tennis, ski, snowboarding, and hunting. The brands offered are mainly well-known and international: Nike, Adidas, Puma, O'Neill, Scott, Umarex, Nikon, Atomic, Fischer, Rossignol, Oakley, and Commaster, among others.

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