Covestro AG (MIL:11COV) Retained Earnings : €2,334 Mil (As of Sep. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Covestro AG Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Covestro AG's retained earnings for the quarter that ended in Sep. 2024 was €2,334 Mil.

Covestro AG's quarterly retained earnings increased from Mar. 2024 (€2,300 Mil) to Jun. 2024 (€2,308 Mil) and increased from Jun. 2024 (€2,308 Mil) to Sep. 2024 (€2,334 Mil).

Covestro AG's annual retained earnings increased from Dec. 2021 (€0 Mil) to Dec. 2022 (€2,480 Mil) but then declined from Dec. 2022 (€2,480 Mil) to Dec. 2023 (€2,291 Mil).

Covestro AG Retained Earnings Historical Data

The historical data trend for Covestro AG'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.

* Premium members only.

Covestro AG Retained Earnings Chart

Covestro AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

Get a 7-Day Free Trial

2,480.00

2,291.00

Covestro AG 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															2,647.00	2,291.00	2,300.00	2,308.00	2,334.00

Covestro AG 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.

Covestro AG (MIL:11COV) 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.

Covestro AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Covestro AG (MIL:11COV) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

COVTY:USA CVVTF:USA 1COVd:UK 0RBE:UK 1COV:Germany 1COV:Austria

Address

Kaiser-Wilhelm-Allee 60, Leverkusen, NW, DEU, 51373

Website

https://www.covestro.com/en

Covestro, formerly Bayer Material Science, was spun off from the Bayer Group in 2015. The firm is a market leader in polyurethanes and polycarbonates, products that the company discovered in the mid-20th century. It also has a sizable speciality chemicals business that is focused on coatings and adhesives. Demand for Covestro's products is driven primarily by cyclical end markets, such as automotive, construction, and furniture.

Covestro AG Headlines

No Headlines