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SunCorp Technologies (SunCorp Technologies) Retained Earnings : $-45.00 Mil (As of Dec. 2023)


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What is SunCorp Technologies Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. SunCorp Technologies's retained earnings for the quarter that ended in Dec. 2023 was $-45.00 Mil.

SunCorp Technologies's quarterly retained earnings declined from Dec. 2022 ($-50.65 Mil) to Jun. 2023 ($-52.67 Mil) but then increased from Jun. 2023 ($-52.67 Mil) to Dec. 2023 ($-45.00 Mil).

SunCorp Technologies's annual retained earnings declined from Dec. 2021 ($-43.36 Mil) to Dec. 2022 ($-50.65 Mil) but then increased from Dec. 2022 ($-50.65 Mil) to Dec. 2023 ($-45.00 Mil).


SunCorp Technologies Retained Earnings Historical Data

The historical data trend for SunCorp Technologies'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.

* Premium members only.

SunCorp Technologies Retained Earnings Chart

SunCorp Technologies 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 -29.91 -38.20 -43.36 -50.65 -45.00

SunCorp Technologies Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 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 -43.36 - -50.65 -52.67 -45.00

SunCorp Technologies 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.


SunCorp Technologies  (OTCPK:SUNTF) 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.


SunCorp Technologies (SunCorp Technologies) Business Description

Traded in Other Exchanges
Address
99 Queen’s Road Central, Unit 2305, 23rd Floor, The Center, Hong Kong, HKG
SunCorp Technologies Ltd is engaged in sales and marketing of residential telephone and related products, computer-related components, securities brokerage, placing and underwriting, money lending, and B2B cross-border e-commerce. Its operating segments are; Sales of telephones and related components; Processing and trading of used computer-related components; Money lending services; Provision of securities brokerage, placing and underwriting services, and Sales of clothes and beauty products. Geographically it operates in PRC (including Hong Kong); India; Indonesia; USA; and Others, with the majority of the revenue deriving from the PRC (including Hong Kong).

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