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Scandinavian Brake Systems AS (OCSE:SBS) Retained Earnings : kr-15.80 Mil (As of Jun. 2024)


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What is Scandinavian Brake Systems AS Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Scandinavian Brake Systems AS's retained earnings for the quarter that ended in Jun. 2024 was kr-15.80 Mil.

Scandinavian Brake Systems AS's quarterly retained earnings declined from Jun. 2023 (kr10.10 Mil) to Dec. 2023 (kr-12.10 Mil) and declined from Dec. 2023 (kr-12.10 Mil) to Jun. 2024 (kr-15.80 Mil).

Scandinavian Brake Systems AS's annual retained earnings declined from Dec. 2021 (kr27.50 Mil) to Dec. 2022 (kr13.80 Mil) and declined from Dec. 2022 (kr13.80 Mil) to Dec. 2023 (kr-12.10 Mil).


Scandinavian Brake Systems AS Retained Earnings Historical Data

The historical data trend for Scandinavian Brake Systems AS'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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Scandinavian Brake Systems AS Retained Earnings Chart

Scandinavian Brake Systems AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -187.30 -199.60 27.50 13.80 -12.10

Scandinavian Brake Systems AS Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -118.20 13.80 10.10 -12.10 -15.80

Scandinavian Brake Systems AS 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.


Scandinavian Brake Systems AS  (OCSE:SBS) 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.


Scandinavian Brake Systems AS Business Description

Traded in Other Exchanges
N/A
Address
Kuopiovej 11, Svendborg, DNK, 5700
Scandinavian Brake Systems AS is a Denmark based company engaged in manufacturing and selling of automotive and friction parts. Its operating segments are SBS Automotive and SBS Friction and Other. SBS Automotive segment comprises activities within vehicles, including sourcing, completion, and distribution of brake parts and related wearing parts for vehicles. The automotive products offered by the group are brake parts, clutch kits, coil springs, shock absorbers, and other parts. SBS Friction segment includes activities related to the manufacturing and sale of friction materials for motorcycles, wind turbines and for other areas. SBS Automotive segment contributes majorly to the group's revenue.