GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sunvim Group Co Ltd (SZSE:002083) » Definitions » Retained Earnings

Sunvim Group Co (SZSE:002083) Retained Earnings : ¥1,800 Mil (As of Mar. 2024)


View and export this data going back to 2006. Start your Free Trial

What is Sunvim Group Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Sunvim Group Co's retained earnings for the quarter that ended in Mar. 2024 was ¥1,800 Mil.

Sunvim Group Co's quarterly retained earnings increased from Sep. 2023 (¥1,706 Mil) to Dec. 2023 (¥1,710 Mil) and increased from Dec. 2023 (¥1,710 Mil) to Mar. 2024 (¥1,800 Mil).

Sunvim Group Co's annual retained earnings declined from Dec. 2021 (¥1,526 Mil) to Dec. 2022 (¥1,460 Mil) but then increased from Dec. 2022 (¥1,460 Mil) to Dec. 2023 (¥1,710 Mil).


Sunvim Group Co Retained Earnings Historical Data

The historical data trend for Sunvim Group Co'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.

Sunvim Group Co Retained Earnings Chart

Sunvim Group Co 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 1,278.80 1,280.83 1,526.34 1,460.20 1,709.91

Sunvim Group Co 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 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 1,485.02 1,586.59 1,705.88 1,709.91 1,800.35

Sunvim Group Co 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.


Sunvim Group Co  (SZSE:002083) 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.


Sunvim Group Co (SZSE:002083) Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Furi Street, Weifang, Shandong, CHN, 261500
Sunvim Group Co Ltd is engaged in the manufacturing and distribution of home textile products like the bath towel, towelling blanket, decorative cloth, tablecloth, napkin, bedding fabrics, and yarns.
Executives
Sun Hao Bo Directors, executives
Zhou Wen Guo Supervisors
Wang Ju Zhang Supervisors
Wu Ming Feng Directors, executives
Yu Cong Hai Director
Sun Ri Gui Directors, executives
Yan Yong Xuan Director
Qin Bo Supervisors
Fu Pei Lin Director
Qi Zong Zhong Supervisors
Zhang Shu Ming Supervisors
Zhang Guo Hua Director
Li Zhong Wei Director
Sun Yong Directors, executives
Yan Tang Director

Sunvim Group Co (SZSE:002083) Headlines

No Headlines