CMC Magnetics (TPE:2323) Retained Earnings : NT$395 Mil (As of Mar. 2024)

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What is CMC Magnetics Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. CMC Magnetics's retained earnings for the quarter that ended in Mar. 2024 was NT$395 Mil.

CMC Magnetics's quarterly retained earnings increased from Sep. 2023 (NT$-51 Mil) to Dec. 2023 (NT$665 Mil) but then declined from Dec. 2023 (NT$665 Mil) to Mar. 2024 (NT$395 Mil).

CMC Magnetics's annual retained earnings declined from Dec. 2021 (NT$155 Mil) to Dec. 2022 (NT$-1,048 Mil) but then increased from Dec. 2022 (NT$-1,048 Mil) to Dec. 2023 (NT$665 Mil).

CMC Magnetics Retained Earnings Historical Data

The historical data trend for CMC Magnetics'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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CMC Magnetics Retained Earnings Chart

CMC Magnetics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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213.79

129.55

155.28

-1,048.42

664.86

CMC Magnetics 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															-372.68	1,013.69	-51.47	664.86	395.36

CMC Magnetics 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.

CMC Magnetics (TPE:2323) 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.

CMC Magnetics (TPE:2323) Business Description

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Address

53, Ming Chuan West Road, 15th Floor, Taipei, TWN

Website

https://www.cmcnet.com.tw

CMC Magnetics Corp is engaged in the manufacturing and sale of consumer electronic products, including optical discs, and the acquisition of film agency rights, and production and distribution of digital discs and Blu-ray discs for sales and rental business. CMC provides optical storage devices like compact discs and digital video discs with additional functionalities that allow a user to record or rewrite data. The company also offers to package for optical storage products, USB storage, alkaline batteries, and flash storage products. Its products include Compact Disc Recordable, Compact Disc Rewritable, Digital Video Disc-Recordable, videotapes, and others. The firm has manufacturing facilities in Taiwan, China, and Hong Kong, and generates revenue from the Americas, Europe, and Asia.

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