AoFrio (NZSE:AOF) Retained Earnings : NZ$-112.78 Mil (As of Jun. 2024)

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What is AoFrio Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. AoFrio's retained earnings for the quarter that ended in Jun. 2024 was NZ$-112.78 Mil.

AoFrio's quarterly retained earnings declined from Jun. 2023 (NZ$-110.88 Mil) to Dec. 2023 (NZ$-111.74 Mil) and declined from Dec. 2023 (NZ$-111.74 Mil) to Jun. 2024 (NZ$-112.78 Mil).

AoFrio's annual retained earnings increased from Dec. 2021 (NZ$-111.47 Mil) to Dec. 2022 (NZ$-108.21 Mil) but then declined from Dec. 2022 (NZ$-108.21 Mil) to Dec. 2023 (NZ$-111.74 Mil).

AoFrio Retained Earnings Historical Data

The historical data trend for AoFrio'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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AoFrio Retained Earnings Chart

AoFrio Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-114.74

-116.89

-111.47

-108.21

-111.74

AoFrio Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Retained Earnings	Get a 7-Day Free Trial															-113.33	-108.21	-110.88	-111.74	-112.78

AoFrio 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.

AoFrio (NZSE:AOF) 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.

AoFrio Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AoFrio Ltd (NZSE:AOF) » Definitions » Retained Earnings

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Address

21 Arrenway Drive, Rosedale, Auckland, NTL, NZL, 0632

Website

https://www.aofrio.com

AoFrio Ltd develops Internet of Things (IoT) solutions and manufactures, markets, and sells energy-saving, electronically commutated (EC) motors, connected controllers, and fans. The group is organized into two operating divisions - Motors and IoT. Geographically it is divided into three segments: the Americas, Asia Pacific, & Europe, the Middle East, and Africa, out of which the majority is from America. The Motors segment generates the vast majority of the revenues.

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