Ygsoft (SZSE:002063) Retained Earnings : ¥1,096 Mil (As of Mar. 2024)

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What is Ygsoft Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Ygsoft's retained earnings for the quarter that ended in Mar. 2024 was ¥1,096 Mil.

Ygsoft's quarterly retained earnings increased from Sep. 2023 (¥926 Mil) to Dec. 2023 (¥1,086 Mil) and increased from Dec. 2023 (¥1,086 Mil) to Mar. 2024 (¥1,096 Mil).

Ygsoft's annual retained earnings declined from Dec. 2021 (¥1,250 Mil) to Dec. 2022 (¥1,215 Mil) and declined from Dec. 2022 (¥1,215 Mil) to Dec. 2023 (¥1,086 Mil).

Ygsoft Retained Earnings Historical Data

The historical data trend for Ygsoft'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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Ygsoft Retained Earnings Chart

Ygsoft Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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1,224.28

1,248.26

1,250.23

1,215.11

1,086.40

Ygsoft Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial															1,173.58	1,182.54	926.15	1,086.40	1,095.54

Ygsoft 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.

Ygsoft (SZSE:002063) 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.

Ygsoft (SZSE:002063) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ygsoft Inc (SZSE:002063) » Definitions » Retained Earnings

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Address

No. 3, Science and Technology Road, Gangwan Avenue, Technology Innovation Coastal Light Software Park, Guangdong Province, Zhuhai, CHN, 519085

Website

http://www.ygsoft.com

Ygsoft Inc supplies business management and social service information systems in China. It is focused on providing enterprise management software for the energy industry. The company offers a cloud platform, cloud services, big data service, blockchain services, group resource management, comprehensive risk management, asset lifecycle management and multi-project management.

Executives

Song Xiao Song	Executives
Wang Zhi Gang	Executives
Chen Li Hao	Director
Huang Xiao Hua	Directors, executives
Zhou Li	Directors, executives
Jian Lu Ran	Executives
Li Mei Ping	Executives
Qin Xiu Fen	Executives
Zheng Pei Min	Executives
Ma Kai Long	Executives
Xiang Wan Hong	Directors, executives
Dai Wen Bin	Secretary Dong
Wang Hui	Executives
Mao Hua Xia	Executives
Peng Jia Hui	Secretary, Director

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