Bank of Xi'an Co (SHSE:600928) Retained Earnings : ¥16,032 Mil (As of Jun. 2024)

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What is Bank of Xi'an Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Bank of Xi'an Co's retained earnings for the quarter that ended in Jun. 2024 was ¥16,032 Mil.

Bank of Xi'an Co's quarterly retained earnings increased from Dec. 2023 (¥14,944 Mil) to Mar. 2024 (¥15,627 Mil) and increased from Mar. 2024 (¥15,627 Mil) to Jun. 2024 (¥16,032 Mil).

Bank of Xi'an Co's annual retained earnings increased from Dec. 2021 (¥12,419 Mil) to Dec. 2022 (¥13,388 Mil) and increased from Dec. 2022 (¥13,388 Mil) to Dec. 2023 (¥14,944 Mil).

Bank of Xi'an Co Retained Earnings Historical Data

The historical data trend for Bank of Xi'an 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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Bank of Xi'an Co Retained Earnings Chart

Bank of Xi'an Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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9,991.75

11,131.14

12,419.44

13,388.07

14,944.30

Bank of Xi'an Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Retained Earnings	Get a 7-Day Free Trial															13,987.49	14,560.08	14,944.30	15,626.93	16,032.27

Bank of Xi'an 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.

Bank of Xi'an Co (SHSE:600928) 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.

Bank of Xi'an Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Xi'an Co Ltd (SHSE:600928) » Definitions » Retained Earnings

Traded in Other Exchanges

N/A

Address

No. 60, Gaoxin Road, Shaanxi Province, Xi’an, CHN, 710075

Website

http://www.xacbank.com

Bank of Xi'an Co Ltd is a regional joint-stock commercial bank with equity-based and market-oriented characteristics, which is invested by the state-owned platform companies, large foreign-funded banks and large domestic enterprises.

Executives

Shi Xiao Yun	senior management
Li Chao	Supervisors
Tan Min	Supervisors
Wang Xin	Director
Di Hao	senior management
He Yong	senior management

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