Akbank TAS (STU:AKB2) Retained Earnings : €2,103 Mil (As of Dec. 2023)

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What is Akbank TAS Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Akbank TAS's retained earnings for the quarter that ended in Dec. 2023 was €2,103 Mil.

Akbank TAS's quarterly retained earnings increased from Jun. 2023 (€1,215 Mil) to Sep. 2023 (€1,792 Mil) and increased from Sep. 2023 (€1,792 Mil) to Dec. 2023 (€2,103 Mil).

Akbank TAS's annual retained earnings increased from Dec. 2021 (€819 Mil) to Dec. 2022 (€3,046 Mil) but then declined from Dec. 2022 (€3,046 Mil) to Dec. 2023 (€2,103 Mil).

Akbank TAS Retained Earnings Historical Data

The historical data trend for Akbank TAS'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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Akbank TAS Retained Earnings Chart

Akbank TAS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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941.27

730.26

818.98

3,046.23

2,102.62

Akbank TAS 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															3,046.23	535.52	1,215.13	1,792.42	2,102.62

Akbank TAS 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.

Akbank TAS (STU:AKB2) 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.

Akbank TAS (STU:AKB2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Akbank TAS (STU:AKB2) » Definitions » Retained Earnings

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AKBTY:USA AKBNK:Turkey

Address

Akbank Sabanci Center, 4. Levent, Istanbul, TUR, 34330

Website

https://www.akbank.com

Akbank TAS is a Turkish bank whose core business activities include consumer and private, commercial, small to midsize enterprise, and corporate and investment banking services. Other activities include foreign exchange, money markets, and securities transactions. In addition to traditional banking activities, the company provides insurance intermediary services. Approximately half of the bank's outstanding shares are owned by Sabanci Holding, a large Turkish financial conglomerate, and its affiliates. Net interest income contributes to the vast majority of net revenue, followed by net fees and commissions. The banks gives credit exposure to the services industry.

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