Solid Group (PHS:SGI) Retained Earnings : ₱5,354 Mil (As of Jun. 2024)

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What is Solid Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Solid Group's retained earnings for the quarter that ended in Jun. 2024 was ₱5,354 Mil.

Solid Group's quarterly retained earnings increased from Dec. 2023 (₱5,363 Mil) to Mar. 2024 (₱5,398 Mil) but then declined from Mar. 2024 (₱5,398 Mil) to Jun. 2024 (₱5,354 Mil).

Solid Group's annual retained earnings increased from Dec. 2021 (₱4,644 Mil) to Dec. 2022 (₱4,962 Mil) and increased from Dec. 2022 (₱4,962 Mil) to Dec. 2023 (₱5,363 Mil).

Solid Group Retained Earnings Historical Data

The historical data trend for Solid Group'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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Solid Group Retained Earnings Chart

Solid Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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3,701.62

3,921.77

4,643.90

4,962.23

5,362.56

Solid Group 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															5,028.97	5,015.35	5,362.56	5,398.25	5,354.47

Solid Group 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.

Solid Group (PHS:SGI) 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.

Solid Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solid Group Inc (PHS:SGI) » Definitions » Retained Earnings

Traded in Other Exchanges

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Address

2285 Don Chino Roces Avenue Extension, Green Sun, Makati, PHL, 1231

Website

https://www.solidgroup.com.ph

Solid Group Inc operates as an investment holding company. It operates its business in various segments that include Distribution involved in the sale of mobile phones and devices, and the sale of prefabricated modular houses; Property and related services involved in the leasing, development and sale of industrial and other real estate properties and hotel and restaurant operations; Logistics and Technical solutions engaged in the business of sale of professional audio and video equipment, after-sales services, warehousing and distribution; and, Investment and others include investment holding companies, and those included in the business of financing and credit extension.

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