Enechange (TSE:4169) Retained Earnings : 円-3,821 Mil (As of Sep. 2023)

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What is Enechange Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Enechange's retained earnings for the quarter that ended in Sep. 2023 was 円-3,821 Mil.

Enechange's quarterly retained earnings declined from Mar. 2023 (円-2,864 Mil) to Jun. 2023 (円-3,592 Mil) and declined from Jun. 2023 (円-3,592 Mil) to Sep. 2023 (円-3,821 Mil).

Enechange's annual retained earnings declined from Dec. 2020 (円-974 Mil) to Dec. 2021 (円-1,059 Mil) and declined from Dec. 2021 (円-1,059 Mil) to Dec. 2022 (円-2,439 Mil).

Enechange Retained Earnings Historical Data

The historical data trend for Enechange'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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Enechange Retained Earnings Chart

Enechange Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Retained Earnings

-718.54

-956.91

-973.65

-1,059.24

-2,438.53

Enechange Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Retained Earnings	Get a 7-Day Free Trial										-1,746.70	-2,438.53	-2,864.15	-3,592.07	-3,821.37

Enechange 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.

Enechange (TSE:4169) 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.

Enechange (TSE:4169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Enechange Ltd (TSE:4169) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

2-6-2 Otemachi, 3rd Floor, Nihon Building, Chiyoda-ku, Tokyo, JPN, 100-0004

Website

https://www.enechange.co.jp

Enechange Ltd is a energy switching platform for consumers, and cloud based SaaS applications namely EMAP (digital marketing), SMAP (AI-based smart meter analytics) for energy companies.

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