Gigastorage (TPE:2406) Retained Earnings : NT$-1,066 Mil (As of Jun. 2024)

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What is Gigastorage Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Gigastorage's retained earnings for the quarter that ended in Jun. 2024 was NT$-1,066 Mil.

Gigastorage's quarterly retained earnings increased from Dec. 2023 (NT$-1,030 Mil) to Mar. 2024 (NT$-1,014 Mil) but then declined from Mar. 2024 (NT$-1,014 Mil) to Jun. 2024 (NT$-1,066 Mil).

Gigastorage's annual retained earnings declined from Dec. 2021 (NT$-534 Mil) to Dec. 2022 (NT$-680 Mil) and declined from Dec. 2022 (NT$-680 Mil) to Dec. 2023 (NT$-1,030 Mil).

Gigastorage Retained Earnings Historical Data

The historical data trend for Gigastorage'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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Gigastorage Retained Earnings Chart

Gigastorage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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146.89

-571.69

-533.65

-680.20

-1,029.50

Gigastorage Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Retained Earnings	Get a 7-Day Free Trial															-815.11	-822.04	-1,029.50	-1,013.69	-1,066.05

Gigastorage 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.

Gigastorage (TPE:2406) 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.

Gigastorage Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Gigastorage Corp (TPE:2406) » Definitions » Retained Earnings

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Address

No. 3, Industrial kung yen1st Road, Hsinchu industrial park, Hukou Township, Hsinchu, TWN, 30351

Website

http://www.gigastorage.com.tw

Gigastorage Corp is a Taiwan-based manufacturer of optoelectronic materials and silicon products. Its products include photovoltaic multi-crystalline wafers, photovoltaic ribbons, low temperature die attach pastes, insulation pastes, blood glucose strip conductive pastes and other biotech materials, photovoltaic systems, solar power stations, high efficiency coated milling cutters, and coated drills. A majority of the firm's revenue is generated in the Asia-Pacific region, with the rest coming from countries across the world.

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