Est Tools Co (SZSE:300488) Retained Earnings : ¥925.7 Mil (As of Mar. 2024)

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What is Est Tools Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Est Tools Co's retained earnings for the quarter that ended in Mar. 2024 was ¥925.7 Mil.

Est Tools Co's quarterly retained earnings increased from Sep. 2023 (¥873.9 Mil) to Dec. 2023 (¥899.6 Mil) and increased from Dec. 2023 (¥899.6 Mil) to Mar. 2024 (¥925.7 Mil).

Est Tools Co's annual retained earnings increased from Dec. 2021 (¥719.6 Mil) to Dec. 2022 (¥801.3 Mil) and increased from Dec. 2022 (¥801.3 Mil) to Dec. 2023 (¥899.6 Mil).

Est Tools Co Retained Earnings Historical Data

The historical data trend for Est Tools 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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Est Tools Co Retained Earnings Chart

Est Tools Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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551.32

603.91

719.56

801.33

899.61

Est Tools 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															820.89	837.88	873.88	899.61	925.74

Est Tools 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.

Est Tools Co (SZSE:300488) 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.

Est Tools Co (SZSE:300488) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Est Tools Co Ltd (SZSE:300488) » Definitions » Retained Earnings

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Address

No. 239 Xinqiao North Road, Wuyuan Town, Zhejiang Province, Jiaxing, CHN, 314300

Website

http://www.esttools.com

Est Tools Co Ltd is engaged the company is engaged in the research and development, production and sales of machine tools. The products mainly include precision complex, miscellaneous tools, spline measuring tools, precision cutting tools, and other metal cutting tools and high-precision measuring instruments. The company also offer edge measuring tools, including thread cutters, spline gages, and molding cutters.

Executives

Xu Jian Wei	Supervisors
Hu Jin Qiu	Securities Affairs Representative
Chen Er Rong	Director
Zheng Ji Liang	Executives
Zhou Yao Juan	Executives
He Qin Song	Executives
Yao Hai Feng	Executives

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