Reece (REECF) Retained Earnings : $1,590 Mil (As of Dec. 2024)

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What is Reece Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Reece's retained earnings for the quarter that ended in Dec. 2024 was $1,590 Mil.

Reece's quarterly retained earnings increased from Dec. 2023 ($1,540 Mil) to Jun. 2024 ($1,623 Mil) but then declined from Jun. 2024 ($1,623 Mil) to Dec. 2024 ($1,590 Mil).

Reece's annual retained earnings increased from Jun. 2022 ($1,368 Mil) to Jun. 2023 ($1,467 Mil) and increased from Jun. 2023 ($1,467 Mil) to Jun. 2024 ($1,623 Mil).

Reece Retained Earnings Historical Data

The historical data trend for Reece'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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Reece Retained Earnings Chart

Reece Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Retained Earnings

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1,016.28

1,284.91

1,368.36

1,467.26

1,622.77

Reece Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Retained Earnings	Get a 7-Day Free Trial															1,373.96	1,467.26	1,539.51	1,622.77	1,589.68

Reece 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.

Reece (OTCPK:REECF) 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.

Reece Business Description

Industry

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REH:Australia

Address

57 Balmain Street, Cremorne, Sydney, VIC, AUS, 3121

Website

https://group.reece.com

Reece is an Australian distributor of plumbing supplies and bathroom products, with businesses in Australia, New Zealand, and the United States. Reece Australia holds Australia's largest range of individual plumbing stock-keeping units, supporting plumbing needs for general plumbing, bathrooms, kitchens, heating and air conditioning, irrigation, pools, commercial and government projects, and fire services.In the Australia and New Zealand markets, Reece's professional, or trade, customers are mostly small to medium plumbing businesses working in the areas of residential repairs, renovations, or new home builds.The US business principally serves plumbers working on commercial and residential construction projects and has a network of about 250 stores in the southern Sunbelt states.