BRC Asia (SGX:BEC) Retained Earnings : S$255 Mil (As of Mar. 2024)

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What is BRC Asia Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. BRC Asia's retained earnings for the quarter that ended in Mar. 2024 was S$255 Mil.

BRC Asia's quarterly retained earnings increased from Mar. 2023 (S$211 Mil) to Sep. 2023 (S$246 Mil) and increased from Sep. 2023 (S$246 Mil) to Mar. 2024 (S$255 Mil).

BRC Asia's annual retained earnings increased from Sep. 2021 (S$166 Mil) to Sep. 2022 (S$217 Mil) and increased from Sep. 2022 (S$217 Mil) to Sep. 2023 (S$246 Mil).

BRC Asia Retained Earnings Historical Data

The historical data trend for BRC Asia'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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BRC Asia Retained Earnings Chart

BRC Asia Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Retained Earnings

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141.19

142.87

165.56

217.37

246.48

BRC Asia Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Sep23	Mar24
Retained Earnings	Get a 7-Day Free Trial															-	217.37	210.69	246.48	254.83

BRC Asia 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.

BRC Asia (SGX:BEC) 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.

BRC Asia (SGX:BEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » BRC Asia Ltd (SGX:BEC) » Definitions » Retained Earnings

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Address

350 Jalan Boon Lay, Jurong Industrial Estate, Singapore, SGP, 619530

Website

https://www.brc.com.sg

BRC Asia Ltd is a provider of steel reinforcement solutions. The reportable segments of the company are fabrication and manufacturing; Trading; and others. It generates maximum revenue from the fabrication and manufacturing segment. The fabrication and manufacturing segment is involved in the business of prefabrication of steel reinforcement for use in concrete, trading of steel reinforcing bars, and manufacturing and sale of wire mesh fences. Trading segment is involved in trading of steel and steel related products in both domestic and international market. Others relates to management of airport, hotel and resort and property development. Geographically, it derives a majority of its revenue from Singapore and also has a presence in Malaysia, Thailand, Hong Kong, Australia and others.

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