ASAX Co (TSE:8772) Retained Earnings : 円4,021 Mil (As of Mar. 2024)

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What is ASAX Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. ASAX Co's retained earnings for the quarter that ended in Mar. 2024 was 円4,021 Mil.

ASAX Co's quarterly retained earnings increased from Sep. 2023 (円42,366 Mil) to Dec. 2023 (円42,899 Mil) but then declined from Dec. 2023 (円42,899 Mil) to Mar. 2024 (円4,021 Mil).

ASAX Co's annual retained earnings increased from Mar. 2022 (円3,319 Mil) to Mar. 2023 (円3,525 Mil) and increased from Mar. 2023 (円3,525 Mil) to Mar. 2024 (円4,021 Mil).

ASAX Co Retained Earnings Historical Data

The historical data trend for ASAX 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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ASAX Co Retained Earnings Chart

ASAX Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Retained Earnings

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3,286.22

3,373.34

3,318.78

3,524.98

4,020.59

ASAX Co 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															3,524.98	41,530.09	42,366.49	42,899.36	4,020.59

ASAX 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.

ASAX Co (TSE:8772) 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.

ASAX Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ASAX Co Ltd (TSE:8772) » Definitions » Retained Earnings

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Address

1-3-14 Hiroo, Shibuya-ku, JPN

Website

http://www.asax.co.jp

ASAX Co Ltd is a Japan-based comp any engages in the provision of real estate secured loans. It provides various types of secured/unsecured loan such as business, consumer and mortgage.

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