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Gloria Material Technology (ROCO:5009) Retained Earnings : NT$3,052 Mil (As of Mar. 2024)


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What is Gloria Material Technology Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Gloria Material Technology's retained earnings for the quarter that ended in Mar. 2024 was NT$3,052 Mil.

Gloria Material Technology's quarterly retained earnings increased from Jun. 2023 (NT$2,802 Mil) to Sep. 2023 (NT$3,325 Mil) but then declined from Sep. 2023 (NT$3,325 Mil) to Mar. 2024 (NT$3,052 Mil).

Gloria Material Technology's annual retained earnings increased from Dec. 2020 (NT$1,125 Mil) to Dec. 2021 (NT$1,628 Mil) and increased from Dec. 2021 (NT$1,628 Mil) to Dec. 2022 (NT$3,033 Mil).


Gloria Material Technology Retained Earnings Historical Data

The historical data trend for Gloria Material Technology'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.

* Premium members only.

Gloria Material Technology Retained Earnings Chart

Gloria Material Technology Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,170.31 1,132.51 1,124.90 1,627.73 3,032.68

Gloria Material Technology Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
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 3,032.68 3,577.89 2,802.02 3,325.29 3,051.65

Gloria Material Technology 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.


Gloria Material Technology  (ROCO:5009) 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.


Gloria Material Technology (ROCO:5009) Business Description

Traded in Other Exchanges
N/A
Address
No. 35 Xinzhong Road, Xinying District, Tainan, TWN
Gloria Material Technology Corp is mainly engaged in the production and sale of special steel, carbon steel, alloy steel, super alloy and smelting of the raw materials of these products. GMTC provides various quality materials at such as Superalloy, Titanium Alloy, High Speed Steel, Tool Steel, Stainless Steel, various ESR, VAR materials and Quenched-Tempered Steel and has various steel grades. Its product shapes are focused on Round bars and Square bars. The company's products include cold work tool steel, hot work tool steel, and carbon tool steel.

Gloria Material Technology (ROCO:5009) Headlines

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