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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Magnit PJSC's retained earnings for the quarter that ended in Jun. 2023 was ₽166,472 Mil.
Magnit PJSC's quarterly retained earnings
declined
from Jun. 2022 (₽134,110 Mil) to Dec. 2022 (₽132,700 Mil) but then
increased
from Dec. 2022 (₽132,700 Mil) to Jun. 2023 (₽166,472 Mil).
Magnit PJSC's annual retained earnings
declined
from Dec. 2020 (₽109,463 Mil) to Dec. 2021 (₽104,820 Mil) but then
increased
from Dec. 2021 (₽104,820 Mil) to Dec. 2022 (₽132,700 Mil).
Magnit PJSC (MIC:MGNT) 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.
Magnit PJSC Retained Earnings Historical Data
* Premium members only.
The historical data trend for Magnit PJSC'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.
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.
What does a Retained Earnings of ₽166,472 Mil mean?
Magnit PJSC (MIC:MGNT) has a Retained Earnings of ₽166,472 Mil as of Jun. 2023. Retained earnings is the amount of net income not issued to shareholders. View historical data on Magnit PJSC and its competitors.
Is Magnit PJSC's Retained Earnings too high?
Magnit PJSC's current Retained Earnings is ₽166,472 Mil. Overall, Magnit PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Magnit PJSC's Retained Earnings compare to WMT and COST?
Magnit PJSC's Retained Earnings of ₽166,472 Mil can be compared against companies in the Retail - Defensive industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Retail - Defensive company?
A good Retained Earnings depends on the Retail - Defensive industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Magnit PJSC and its competitors. Magnit PJSC's current Retained Earnings is ₽166,472 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnit PJSC stock overvalued right now?
Magnit PJSC (MIC:MGNT) has a current Retained Earnings of ₽166,472 Mil. The current Retained Earnings is ₽166,472 Mil. Magnit PJSC's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Magnit PJSC (MIC:MGNT), the current Retained Earnings is ₽166,472 Mil as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Magnit PJSC operates in the retail and distribution of consumer goods under the Magnit, the DIXY, and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets, and others. The Group's business operations are located in the Russian Federation and relate mainly to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets, and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.
17GF Score
Get the complete analysis for MIC:MGNT
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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