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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. TSRC's retained earnings for the quarter that ended in Mar. 2026 was NT$4,778 Mil.
TSRC's quarterly retained earnings
increased
from Sep. 2025 (NT$4,297 Mil) to Dec. 2025 (NT$4,566 Mil) and
increased
from Dec. 2025 (NT$4,566 Mil) to Mar. 2026 (NT$4,778 Mil).
TSRC's annual retained earnings
increased
from Dec. 2023 (NT$4,136 Mil) to Dec. 2024 (NT$4,807 Mil) but then
declined
from Dec. 2024 (NT$4,807 Mil) to Dec. 2025 (NT$4,566 Mil).
TSRC (TPE:2103) 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.
TSRC Retained Earnings Historical Data
* Premium members only.
The historical data trend for TSRC'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.
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.
What does a Retained Earnings of NT$4,778 Mil mean?
TSRC (TPE:2103) has a Retained Earnings of NT$4,778 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on TSRC and its competitors.
Is TSRC's Retained Earnings too high?
TSRC's current Retained Earnings is NT$4,778 Mil. Overall, TSRC has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TSRC's Retained Earnings compare to LIN and SHW?
TSRC's Retained Earnings of NT$4,778 Mil can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Chemicals company?
A good Retained Earnings depends on the Chemicals industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on TSRC and its competitors. TSRC's current Retained Earnings is NT$4,778 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSRC stock overvalued right now?
Based on GuruFocus' analysis, TSRC (TPE:2103) is currently considered Fairly Valued. The stock's GF Value™ is NT$24.40, compared to a current price of NT$23.85 — trading 2.3% below its estimated fair value. The current Retained Earnings is NT$4,778 Mil. TSRC's overall GF Score™ is 65/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For TSRC (TPE:2103), the current Retained Earnings is NT$4,778 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is TSRC (TPE:2103) Overvalued in 2026?
Based on GuruFocus' analysis, TSRC stock appears to be undervalued.
The current stock price of NT$23.85 is trading 2.3% below its estimated GF Value™ of NT$24.40.
GuruFocus considers TSRC to be Fairly Valued.
Key valuation signals for TPE:2103:
Retained Earnings: NT$4,778 Mil
GF Value™: NT$24.40 vs. price of NT$23.85 (2.3% below fair value)
No single metric tells the full story. See the TPE:2103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TSRC Corporation is a rubber manufacturer based out of Taiwan. The company offers tire products globally, with Asian markets accounting for the majority of the company's sales. Product offerings are divided into the Synthetic Rubber business and Applied polymer business. Under the Synthetic Rubber business, tires are built to improve abrasion resistance and provide low rolling resistance and wet grip resistance. Consumers of TSRC Corp tire products depend on products to deliver reduced fuel consumption and meet a host of regulations and environmental conditions. Products under the Applied Polymers business are often used in high-grade shoe soles, asphalt modification, plastic modification, adhesives, and other end markets. Its geographical segments are Asia, America, Europe, and Others.
65GF Score
Get the complete analysis for TPE:2103
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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