Turners Group NZ (NZSE:TUA) Retained Earnings : NZ$6.97 Mil (As of Jun. 2014)

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What is Turners Group NZ Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Turners Group NZ's retained earnings for the quarter that ended in Jun. 2014 was NZ$6.97 Mil.

Turners Group NZ's quarterly retained earnings increased from Jun. 2013 (NZ$6.40 Mil) to Dec. 2013 (NZ$7.16 Mil) but then declined from Dec. 2013 (NZ$7.16 Mil) to Jun. 2014 (NZ$6.97 Mil).

Turners Group NZ's annual retained earnings increased from Dec. 2011 (NZ$5.72 Mil) to Dec. 2012 (NZ$6.45 Mil) and increased from Dec. 2012 (NZ$6.45 Mil) to Dec. 2013 (NZ$7.16 Mil).

Turners Group NZ Retained Earnings Historical Data

The historical data trend for Turners Group NZ'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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Turners Group NZ Retained Earnings Chart

Turners Group NZ Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Retained Earnings

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8.58

8.32

5.72

6.45

7.16

Turners Group NZ Semi-Annual Data
	Dec03	Jun04	Dec04	Jun05	Dec05	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
Retained Earnings	Get a 7-Day Free Trial															6.02	6.45	6.40	7.16	6.97

Turners Group NZ 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.

Turners Group NZ (NZSE:TUA) 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.

Turners Group NZ (NZSE:TUA) Business Description

Industry

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Website

http://www.turners.co.nz

Turners Auctions Limited (TUA-NZ) is New Zealand's largest auction house with 16 branches nation wide and annual turnover exceeding NZ$400m. TUA is also the largest single seller of motor vehicles in New Zealand. The business operates in two broad markets: used vehicles and commercial goods. Vehicle sales include trucks, damaged insurance salvaged vehicles, light commercial vehicles and passenger cars. Commercial sales include a wide variety of surplus equipment such as heavy plant and machinery, police and custom seized goods, liquidator sales, catering equipment, computers and furniture.