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Sociedad Quimica Y Minera De Chile (Sociedad Quimica Y Minera De Chile) Retained Earnings : $3,838 Mil (As of Dec. 2023)


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What is Sociedad Quimica Y Minera De Chile Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Sociedad Quimica Y Minera De Chile's retained earnings for the quarter that ended in Dec. 2023 was $3,838 Mil.

Sociedad Quimica Y Minera De Chile's quarterly retained earnings increased from Jun. 2023 ($3,360 Mil) to Sep. 2023 ($3,696 Mil) and increased from Sep. 2023 ($3,696 Mil) to Dec. 2023 ($3,838 Mil).

Sociedad Quimica Y Minera De Chile's annual retained earnings increased from Dec. 2021 ($1,648 Mil) to Dec. 2022 ($3,350 Mil) and increased from Dec. 2022 ($3,350 Mil) to Dec. 2023 ($3,838 Mil).


Sociedad Quimica Y Minera De Chile Retained Earnings Historical Data

The historical data trend for Sociedad Quimica Y Minera De Chile'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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Sociedad Quimica Y Minera De Chile Retained Earnings Chart

Sociedad Quimica Y Minera De Chile Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,623.10 1,638.27 1,648.03 3,350.11 3,838.16

Sociedad Quimica Y Minera De Chile Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3,350.11 3,875.04 3,360.38 3,695.94 3,838.16

Sociedad Quimica Y Minera De Chile 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.


Sociedad Quimica Y Minera De Chile  (NYSE:SQM) 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.


Sociedad Quimica Y Minera De Chile (Sociedad Quimica Y Minera De Chile) Business Description

Traded in Other Exchanges
Address
El Trovador 4285, 6th Floor, Las Condes, Santiago, CHL
Sociedad Quimica y Minera de Chile is a Chilean commodities producer with significant operations in lithium (primarily used in batteries for electric vehicles and energy storage systems), specialty and standard potassium fertilizers, iodine (primarily used in X-ray contrast media), and solar salts. The company extracts these materials through its high-quality salt brine deposits and caliche ore. SQM is also developing a hard rock lithium project in Australia and is growing its lithium refining assets in China.
Executives
Sailingstone Capital Partners Llc 10 percent owner 100 WAUGH DRIVE, SUITE 600, HOUSTON TX 77007
Sailingstone Holdings Llc 10 percent owner 1 CALIFORNIA STREET, SUITE 3050, SAN FRANCISCO CA 94111
Mackenzie B Davis 10 percent owner 1 CALIFORNIA STREET, SUITE 3050, SAN FRANCISCO CA 941111
Settles Kenneth L Jr 10 percent owner 1 CALIFORNIA STREET, SUITE 3050, SAN FRANCISCO CA 94111