Novac Co (TSE:5079) Retained Earnings : 円16,014 Mil (As of Oct. 2024)

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What is Novac Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Novac Co's retained earnings for the quarter that ended in Oct. 2024 was 円16,014 Mil.

Novac Co's quarterly retained earnings declined from Jan. 2024 (円16,391 Mil) to Apr. 2024 (円10,173 Mil) but then increased from Apr. 2024 (円10,173 Mil) to Oct. 2024 (円16,014 Mil).

Novac Co's annual retained earnings increased from Apr. 2022 (円9,376 Mil) to Apr. 2023 (円10,607 Mil) but then declined from Apr. 2023 (円10,607 Mil) to Apr. 2024 (円10,173 Mil).

Novac Co Retained Earnings Historical Data

The historical data trend for Novac 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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Novac Co Retained Earnings Chart

Novac Co Annual Data

Trend

Apr20

Apr21

Apr22

Apr23

Apr24

Retained Earnings

6,217.99

7,361.63

9,376.18

10,606.65

10,172.96

Novac Co Quarterly Data
	Apr20	Apr21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Oct24
Retained Earnings	Get a 7-Day Free Trial									16,537.03	16,799.95	16,390.81	10,172.96	16,014.07

Novac 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.

Novac Co (TSE:5079) 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.

Novac Co Business Description

Industry

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Address

1-92 Hojo, Hyogo Prefecture, Himeji, JPN, 670-0947

Website

https://www.novac-cnst.co.jp

Novac Co Ltd is engaged in the civil engineering, building construction and other related activities.

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