Zhejiang Xinchai Co (SZSE:301032) Retained Earnings : ¥289 Mil (As of Mar. 2024)

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What is Zhejiang Xinchai Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Zhejiang Xinchai Co's retained earnings for the quarter that ended in Mar. 2024 was ¥289 Mil.

Zhejiang Xinchai Co's quarterly retained earnings increased from Sep. 2023 (¥252 Mil) to Dec. 2023 (¥276 Mil) and increased from Dec. 2023 (¥276 Mil) to Mar. 2024 (¥289 Mil).

Zhejiang Xinchai Co's annual retained earnings declined from Dec. 2021 (¥256 Mil) to Dec. 2022 (¥253 Mil) but then increased from Dec. 2022 (¥253 Mil) to Dec. 2023 (¥276 Mil).

Zhejiang Xinchai Co Retained Earnings Historical Data

The historical data trend for Zhejiang Xinchai 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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Zhejiang Xinchai Co Retained Earnings Chart

Zhejiang Xinchai Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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100.30

184.57

256.17

252.60

276.35

Zhejiang Xinchai Co Quarterly Data
	Dec18	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															254.27	252.88	252.33	276.35	289.15

Zhejiang Xinchai 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.

Zhejiang Xinchai Co (SZSE:301032) 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.

Zhejiang Xinchai Co (SZSE:301032) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Xinchai Co Ltd (SZSE:301032) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

888 Xinchang Avenue West Road, Zhejiang Province, CHN, 312500

Website

http://www.xinchaipower.com

Zhejiang Xinchai Co Ltd is engaged in the research and development, production and sales of non-road diesel engines and related parts.

Executives

Wang Guo Gang	Supervisors
Liang Zhong Qing	Supervisors
Zhou Gao Feng	Executives
Yuan Li Tao	Executives
Yang Bin Fei	Executives

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