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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Top High Image's retained earnings for the quarter that ended in Mar. 2026 was NT$335.6 Mil.
Top High Image's quarterly retained earnings
increased
from Sep. 2025 (NT$160.7 Mil) to Dec. 2025 (NT$278.2 Mil) and
increased
from Dec. 2025 (NT$278.2 Mil) to Mar. 2026 (NT$335.6 Mil).
Top High Image's annual retained earnings
increased
from Dec. 2023 (NT$68.6 Mil) to Dec. 2024 (NT$237.9 Mil) and
increased
from Dec. 2024 (NT$237.9 Mil) to Dec. 2025 (NT$278.2 Mil).
Top High Image (ROCO:3284) 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.
Top High Image Retained Earnings Historical Data
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The historical data trend for Top High Image'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.
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.
What does a Retained Earnings of NT$335.6 Mil mean?
Top High Image (ROCO:3284) has a Retained Earnings of NT$335.6 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Top High Image and its competitors.
Is Top High Image's Retained Earnings too high?
Top High Image's current Retained Earnings is NT$335.6 Mil. Overall, Top High Image has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Top High Image's Retained Earnings compare to GEV and ETN?
Top High Image's Retained Earnings of NT$335.6 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Industrial Products company?
A good Retained Earnings depends on the Industrial Products industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Top High Image and its competitors. Top High Image's current Retained Earnings is NT$335.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top High Image stock overvalued right now?
Based on GuruFocus' analysis, Top High Image (ROCO:3284) is currently considered Fairly Valued. The stock's GF Value™ is NT$19.24, compared to a current price of NT$20.60 — trading 7.1% above its estimated fair value. The current Retained Earnings is NT$335.6 Mil. Top High Image's overall GF Score™ is 59/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Top High Image (ROCO:3284), the current Retained Earnings is NT$335.6 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Top High Image (ROCO:3284) Overvalued in 2026?
Based on GuruFocus' analysis, Top High Image stock appears to be overvalued.
The current stock price of NT$20.60 is trading 7.1% above its estimated GF Value™ of NT$19.24.
GuruFocus considers Top High Image to be Fairly Valued.
Key valuation signals for ROCO:3284:
Retained Earnings: NT$335.6 Mil
GF Value™: NT$19.24 vs. price of NT$20.60 (7.1% above fair value)
No single metric tells the full story. See the ROCO:3284 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Top High Image Corp. is a company based in Kaohsiung, Taiwan, specializing in manufacturing and selling offset printing plates and printing consumables. It offers a wide range of printing plates, including process-free, thermal CTP, positive thermal CTP, and conventional plates used in various printing applications like brochures, newspapers, packaging, and labels. Besides printing plates, it also deals in trading and services, food manufacturing and wholesale, advertising, and real estate agency and leasing services. The main source of income for the company was through the sales of pre-sensitized plates and the land through a joint construction and sub-sales project as well as a real estate agency.
59GF Score
Get the complete analysis for ROCO:3284
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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