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Doctorglasses Chain Co (SZSE:300622) Retained Earnings : ¥305 Mil (As of Mar. 2024)


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What is Doctorglasses Chain Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Doctorglasses Chain Co's retained earnings for the quarter that ended in Mar. 2024 was ¥305 Mil.

Doctorglasses Chain Co's quarterly retained earnings increased from Sep. 2023 (¥258 Mil) to Dec. 2023 (¥279 Mil) and increased from Dec. 2023 (¥279 Mil) to Mar. 2024 (¥305 Mil).

Doctorglasses Chain Co's annual retained earnings declined from Dec. 2021 (¥230 Mil) to Dec. 2022 (¥213 Mil) but then increased from Dec. 2022 (¥213 Mil) to Dec. 2023 (¥279 Mil).


Doctorglasses Chain Co Retained Earnings Historical Data

The historical data trend for Doctorglasses Chain 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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Doctorglasses Chain Co Retained Earnings Chart

Doctorglasses Chain 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 146.21 209.52 229.86 212.71 278.98

Doctorglasses Chain 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 250.13 227.30 257.84 278.98 304.50

Doctorglasses Chain 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.


Doctorglasses Chain Co  (SZSE:300622) 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.


Doctorglasses Chain Co (SZSE:300622) Business Description

Traded in Other Exchanges
N/A
Address
4028 Jintian Road, 2nd Floor, Rongchao Economic and Trade Center, Futian District, Shenzhen, CHN, 518038
Doctorglasses Chain Co Ltd operates as a retail chain company which is engaged in the eyeglasses business in China. The company offers glasses under the President optical and doctor glasses Zele brand name. It offers reading glasses, sunglasses, frames and lenses, contact lenses, contact lens liquid solution and others.
Executives
Liu Zhi Ming Directors, executives
Zheng Qing Qiu Executives
He Qing Bai Executives
Director
Liu Kai Yue Directors, executives
Xiong Dan Securities Affairs Representative

Doctorglasses Chain Co (SZSE:300622) Headlines

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