GEM Co (SZSE:002340) Retained Earnings : ¥5,886 Mil (As of Sep. 2024)

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What is GEM Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. GEM Co's retained earnings for the quarter that ended in Sep. 2024 was ¥5,886 Mil.

GEM Co's quarterly retained earnings increased from Mar. 2024 (¥5,848 Mil) to Jun. 2024 (¥6,093 Mil) but then declined from Jun. 2024 (¥6,093 Mil) to Sep. 2024 (¥5,886 Mil).

GEM Co's annual retained earnings increased from Dec. 2021 (¥3,888 Mil) to Dec. 2022 (¥5,010 Mil) and increased from Dec. 2022 (¥5,010 Mil) to Dec. 2023 (¥5,392 Mil).

GEM Co Retained Earnings Historical Data

The historical data trend for GEM 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.

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GEM Co Retained Earnings Chart

GEM Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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2,791.54

3,048.78

3,887.78

5,010.44

5,391.56

GEM Co 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															5,301.59	5,391.56	5,847.66	6,093.05	5,886.48

GEM 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.

GEM Co (SZSE:002340) 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.

GEM Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » GEM Co Ltd (SZSE:002340) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

South of Xinghua Road, 20F Block A,Marina Bay Center, Bao’an Center Area, Shenzhen, CHN, 518101

Website

http://www.gemchina.com

GEM Co Ltd is engaged in Waste battery recycling and power battery material manufacturing business, cobalt, nickel and tungsten recycling and cemented carbide manufacturing business, renewable resources business and environmental management business.

Executives

Wang Min	Director
Jiang Miao	Executives
Lou Hui You	Executives
Jiao Hua	Executives
Mu Meng Gang	Directors, executives
Xu Kai Hua	Directors, executives
Wang Jian	Supervisors
Song Wan Xiang	Executives
Ou Yang Ming Zhi	Directors, executives
Zhou Bo	Supervisors
Zhang Ai Qing	Executives
Lu Xi Jin	Executives
Wu Guang Yuan	Executives
Mou Jian	Executives
Pan Hua	Executives

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