MSM International (SGX:5QR) Retained Earnings : S$0.78 Mil (As of Sep. 2024)

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What is MSM International Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. MSM International's retained earnings for the quarter that ended in Sep. 2024 was S$0.78 Mil.

MSM International's quarterly retained earnings declined from Sep. 2023 (S$1.10 Mil) to Mar. 2024 (S$0.59 Mil) but then increased from Mar. 2024 (S$0.59 Mil) to Sep. 2024 (S$0.78 Mil).

MSM International's annual retained earnings increased from Mar. 2022 (S$0.34 Mil) to Mar. 2023 (S$0.51 Mil) and increased from Mar. 2023 (S$0.51 Mil) to Mar. 2024 (S$0.59 Mil).

MSM International Retained Earnings Historical Data

The historical data trend for MSM International'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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MSM International Retained Earnings Chart

MSM International Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Retained Earnings

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2.53

-0.81

0.34

0.51

0.59

MSM International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Retained Earnings	Get a 7-Day Free Trial															0.90	0.51	1.10	0.59	0.78

MSM International 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.

MSM International (SGX:5QR) 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.

MSM International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » MSM International Ltd (SGX:5QR) » Definitions » Retained Earnings

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Address

Jalan KPB 5, Lot 1909, Kawasan Perindustrian Kampung Baru Balakong, Seri Kembangan, SGR, MYS, 43300

Website

https://www.msmmgroup.com

MSM International Ltd is an integrated metal engineering company. The company offers a comprehensive suite of services spanning design, product development, prototyping, tool and die fabrication, production, and assembly. Its business activities are segmented into three segment OEM contract manufacturing; Kitchen appliances, equipment, and related services; and cleanrooms and laboratories. It operates in geographical markets like Malaysia, Australia, Singapore, Indonesia and other countries. Majority of the revenue is generated from the Kitchen appliances, equipment, and related services segment.

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