NRXXY (Nordex SE) Retained Earnings : $-542 Mil (As of Jun. 2024)

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What is Nordex SE Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Nordex SE's retained earnings for the quarter that ended in Jun. 2024 was $-542 Mil.

Nordex SE's quarterly retained earnings declined from Dec. 2023 ($-536 Mil) to Mar. 2024 ($-548 Mil) but then increased from Mar. 2024 ($-548 Mil) to Jun. 2024 ($-542 Mil).

Nordex SE's annual retained earnings declined from Dec. 2021 ($-252 Mil) to Dec. 2022 ($-501 Mil) and declined from Dec. 2022 ($-501 Mil) to Dec. 2023 ($-536 Mil).

Nordex SE Retained Earnings Historical Data

The historical data trend for Nordex SE'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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Nordex SE Retained Earnings Chart

Nordex SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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51.38

-101.69

-251.89

-500.84

-535.54

Nordex SE Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Retained Earnings	Get a 7-Day Free Trial															-836.05	-860.71	-535.54	-547.97	-542.10

Nordex SE 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.

Nordex SE (OTCPK:NRXXY) 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.

Nordex SE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nordex SE (OTCPK:NRXXY) » Definitions » Retained Earnings

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NRDXF:USA 1NDX:Italy NDX1d:UK 0MEC:UK NDX1:Germany NDX1:Bulgaria NDX1:Austria

Address

Langenhorner Chaussee 600, Hamburg, DEU, 22419

Website

https://www.nordex-online.com

Nordex SE is a German company that develops, manufactures, services, and markets wind power systems. The company manages its activities via Projects and Service segments. The projects segment includes all activities associated with the development, production, assembly and commissioning of wind turbines and project development business. The services segment encompasses services and projects for existing turbines after their handover to customers. In particular, this includes technical services such as maintenance and remote monitoring of wind farms as well as repair and technical enhancements for existing turbines. The majority of the sales are done through the projects segment.