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Grupo Mexicano de Desarrollo S A B (MEX:GMD) Retained Earnings : MXN2,044 Mil (As of Sep. 2024)


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What is Grupo Mexicano de Desarrollo S A B Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Grupo Mexicano de Desarrollo S A B's retained earnings for the quarter that ended in Sep. 2024 was MXN2,044 Mil.

Grupo Mexicano de Desarrollo S A B's quarterly retained earnings increased from Mar. 2024 (MXN1,742 Mil) to Jun. 2024 (MXN1,852 Mil) and increased from Jun. 2024 (MXN1,852 Mil) to Sep. 2024 (MXN2,044 Mil).

Grupo Mexicano de Desarrollo S A B's annual retained earnings increased from Dec. 2021 (MXN323 Mil) to Dec. 2022 (MXN844 Mil) and increased from Dec. 2022 (MXN844 Mil) to Dec. 2023 (MXN1,246 Mil).


Grupo Mexicano de Desarrollo S A B Retained Earnings Historical Data

The historical data trend for Grupo Mexicano de Desarrollo S A B'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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Grupo Mexicano de Desarrollo S A B Retained Earnings Chart

Grupo Mexicano de Desarrollo S A B Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -755.35 -536.27 322.63 843.99 1,246.20

Grupo Mexicano de Desarrollo S A B Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,646.57 1,246.20 1,742.11 1,852.46 2,043.93

Grupo Mexicano de Desarrollo S A B 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.


Grupo Mexicano de Desarrollo S A B  (MEX:GMD) 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.


Grupo Mexicano de Desarrollo S A B Business Description

Traded in Other Exchanges
N/A
Address
Carretera Mexico, Toluca 4000, Cuajimalpa, DF, MEX, 05000
Grupo Mexicano de Desarrollo S A B is engaged in the creation, construction, and administration of infrastructure projects in Mexico. It offers engineering solutions including the construction of civil works and operation of services public concessions. The infrastructure projects of the company comprise Viaducto Punta Diamante, Ecosys I y II, Industria Metalica Integrada, and Carretera Mozimba-Pie de la Cuesta among others.

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