Genii Ideas Co (ROCO:7631) Retained Earnings : NT$148.0 Mil (As of Jun. 2024)

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What is Genii Ideas Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Genii Ideas Co's retained earnings for the quarter that ended in Jun. 2024 was NT$148.0 Mil.

Genii Ideas Co's quarterly retained earnings increased from Jun. 2023 (NT$121.9 Mil) to Dec. 2023 (NT$170.1 Mil) but then declined from Dec. 2023 (NT$170.1 Mil) to Jun. 2024 (NT$148.0 Mil).

Genii Ideas Co's annual retained earnings increased from Dec. 2021 (NT$161.5 Mil) to Dec. 2022 (NT$170.5 Mil) but then declined from Dec. 2022 (NT$170.5 Mil) to Dec. 2023 (NT$170.1 Mil).

Genii Ideas Co Retained Earnings Historical Data

The historical data trend for Genii Ideas Co'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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Genii Ideas Co Retained Earnings Chart

Genii Ideas Co Annual Data

Trend

Dec21

Dec22

Dec23

Retained Earnings

161.53

170.54

170.12

Genii Ideas Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Retained Earnings	Get a 7-Day Free Trial			-	170.54	121.87	170.12	148.01

Genii Ideas Co 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.

Genii Ideas Co (ROCO:7631) 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.

Genii Ideas Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Genii Ideas Co Ltd (ROCO:7631) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

9th Floor, No. 231, Linsen Road, East District, Hsinchu, TWN, 300025

Website

https://www.geniideas.com.tw

Genii Ideas Co Ltd is a company whose main business is fuel pipe installation engineering, piping engineering and automatic control equipment engineering. Their core competencies lie in materials science, laser optics, automation, and precision mold development, allowing them to provide immediate, innovative, and optimized business solutions tailored to their clients' needs.

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