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Rare Earth Magnesium Technology Group Holdings (STU:GPS) Retained Earnings : €-3.56 Mil (As of Dec. 2023)


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What is Rare Earth Magnesium Technology Group Holdings Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Rare Earth Magnesium Technology Group Holdings's retained earnings for the quarter that ended in Dec. 2023 was €-3.56 Mil.

Rare Earth Magnesium Technology Group Holdings's quarterly retained earnings declined from Dec. 2022 (€43.98 Mil) to Jun. 2023 (€30.59 Mil) and declined from Jun. 2023 (€30.59 Mil) to Dec. 2023 (€-3.56 Mil).

Rare Earth Magnesium Technology Group Holdings's annual retained earnings increased from Dec. 2021 (€41.08 Mil) to Dec. 2022 (€43.98 Mil) but then declined from Dec. 2022 (€43.98 Mil) to Dec. 2023 (€-3.56 Mil).


Rare Earth Magnesium Technology Group Holdings Retained Earnings Historical Data

The historical data trend for Rare Earth Magnesium Technology Group Holdings'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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Rare Earth Magnesium Technology Group Holdings Retained Earnings Chart

Rare Earth Magnesium Technology Group Holdings Annual Data
Trend Mar14 Mar15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 78.84 - 41.08 43.98 -3.56

Rare Earth Magnesium Technology Group Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 41.08 - 43.98 30.59 -3.56

Rare Earth Magnesium Technology Group Holdings 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.


Rare Earth Magnesium Technology Group Holdings  (STU:GPS) 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.


Rare Earth Magnesium Technology Group Holdings (STU:GPS) Business Description

Traded in Other Exchanges
Address
The Gateway, 16th Floor, Tower 5, Tsim Sha Tsui, Kowloon, Harbour city, Hong Kong, HKG
Rare Earth Magnesium Technology Group Holdings Ltd is to develop, produce and sell magnesium alloy series products. The company is principally engaged in one single segment, which is manufacturing and selling magnesium-related products. The company's products include magnesium ingots, semi-coke, and ferroalloy. Geographically, it derives the majority of its revenue from Mainland China and also has a presence in Europe.