GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ming Shing Group Holdings Ltd (NAS:MSW) » Definitions » Retained Earnings

Ming Shing Group Holdings (Ming Shing Group Holdings) Retained Earnings : $0.28 Mil (As of Sep. 2023)


View and export this data going back to 2050. Start your Free Trial

What is Ming Shing Group Holdings Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Ming Shing Group Holdings's retained earnings for the quarter that ended in Sep. 2023 was $0.28 Mil.

Ming Shing Group Holdings's quarterly retained earnings declined from Sep. 2022 ($0.74 Mil) to Mar. 2023 ($0.38 Mil) and declined from Mar. 2023 ($0.38 Mil) to Sep. 2023 ($0.28 Mil).

Ming Shing Group Holdings's annual retained earnings declined from Mar. 2021 ($0.46 Mil) to Mar. 2022 ($0.16 Mil) but then increased from Mar. 2022 ($0.16 Mil) to Mar. 2023 ($0.38 Mil).


Ming Shing Group Holdings Retained Earnings Historical Data

The historical data trend for Ming Shing Group Holdings'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.

Ming Shing Group Holdings Retained Earnings Chart

Ming Shing Group Holdings Annual Data
Trend Mar21 Mar22 Mar23
Retained Earnings
0.46 0.16 0.38

Ming Shing Group Holdings Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Retained Earnings Get a 7-Day Free Trial - 0.16 0.74 0.38 0.28

Ming Shing Group Holdings 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.


Ming Shing Group Holdings  (NAS:MSW) 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.


Ming Shing Group Holdings (Ming Shing Group Holdings) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
16 Tai Yau Street, 8th Floor, Cheong Tai Factory Building, San Po Kong, Kowloon, Hong Kong, HKG
Ming Shing Group Holdings Ltd is a holding company, which is primarily operated through its indirectly wholly-owned Hong Kong Operating Subsidiaries, MS (HK) Engineering Limited and MS Engineering Co., Limited. It is engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works. the company is mainly engaged in private-sector projects in Hong Kong. Its private sector projects mainly involve private residential developments and commercial developments. The project owners of its private sector projects are generally property developers, and its customers are generally main contractors and wet trades work subcontractors engaged under such projects.

Ming Shing Group Holdings (Ming Shing Group Holdings) Headlines

No Headlines