Guilin Tourism (SZSE:000978) Retained Earnings : ¥-572.9 Mil (As of Sep. 2024)

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What is Guilin Tourism Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Guilin Tourism's retained earnings for the quarter that ended in Sep. 2024 was ¥-572.9 Mil.

Guilin Tourism's quarterly retained earnings declined from Mar. 2024 (¥-597.7 Mil) to Jun. 2024 (¥-601.5 Mil) but then increased from Jun. 2024 (¥-601.5 Mil) to Sep. 2024 (¥-572.9 Mil).

Guilin Tourism's annual retained earnings declined from Dec. 2021 (¥-319.7 Mil) to Dec. 2022 (¥-601.6 Mil) but then increased from Dec. 2022 (¥-601.6 Mil) to Dec. 2023 (¥-585.2 Mil).

Guilin Tourism Retained Earnings Historical Data

The historical data trend for Guilin Tourism'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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Guilin Tourism Retained Earnings Chart

Guilin Tourism Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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166.67

-106.99

-319.68

-601.56

-585.18

Guilin Tourism Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															-565.20	-585.18	-597.66	-601.49	-572.89

Guilin Tourism 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.

Guilin Tourism (SZSE:000978) 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.

Guilin Tourism Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Guilin Tourism Corp Ltd (SZSE:000978) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

No. 27-2, Cuizhu Road, Guangxi, Guilin, CHN, 541002

Website

http://www.guilintravel.com

Guilin Tourism Corp Ltd is a China-based tourism company. It offers various travel related services including scenic spot, passenger and passenger transport, taxis, hotels, terminals, online tourism, cruise ship, and cultural performances. The company covers various tourist attractions in Guilin China including Danxia Hot Spring, resources Tianmen Mountain, lakes scenic spot, Hezhou Hot Spring and other scenic spots.

Executives

Ma De Hui	Director
Chen Luo Man	Executives
Zhou Mao Quan	Directors, executives
Liu Hong	Supervisors
Liu Xue Ming	Director
Li Fei Ying	Directors, executives
Sun Qi Zhao	Director
Xiao Di Bo	Directors, executives
Yin Lin	Director
Liu Tao	Director
Xie Xiang Yu	Directors, executives
Guo Heng Gui	Executives
Huang Xi Jun	Secretary Dong

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