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Standard Chartered Bank Ghana (XGHA:SCB) Retained Earnings : GHS1,002 Mil (As of Sep. 2024)


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What is Standard Chartered Bank Ghana Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Standard Chartered Bank Ghana's retained earnings for the quarter that ended in Sep. 2024 was GHS1,002 Mil.

Standard Chartered Bank Ghana's quarterly retained earnings increased from Mar. 2024 (GHS1,016 Mil) to Jun. 2024 (GHS1,221 Mil) but then declined from Jun. 2024 (GHS1,221 Mil) to Sep. 2024 (GHS1,002 Mil).

Standard Chartered Bank Ghana's annual retained earnings declined from Dec. 2021 (GHS553 Mil) to Dec. 2022 (GHS150 Mil) but then increased from Dec. 2022 (GHS150 Mil) to Dec. 2023 (GHS828 Mil).


Standard Chartered Bank Ghana Retained Earnings Historical Data

The historical data trend for Standard Chartered Bank Ghana'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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Standard Chartered Bank Ghana Retained Earnings Chart

Standard Chartered Bank Ghana Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 317.04 440.01 553.41 150.23 827.58

Standard Chartered Bank Ghana Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 625.05 827.58 1,016.32 1,220.59 1,002.35

Standard Chartered Bank Ghana 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.


Standard Chartered Bank Ghana  (XGHA:SCB) 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.


Standard Chartered Bank Ghana Business Description

Traded in Other Exchanges
N/A
Address
87 Independence Avenue, P.O. Box 768, Standard Chartered Bank Building, Accra, GHA
Standard Chartered Bank Ghana PLC is a banking corporation registered in Ghana. It provides various banking services including personal banking, private banking, and business banking. The company manages its business into three segments namely, Corporate, Commercial and Institutional Banking (CCIB), Consumer, Private and Business Banking (CPBB) and Standard Chartered Wealth Management Limited (SCWML). It generates maximum revenue from the Corporate, Commercial and Institutional Banking (CCIB) segment. The company's services include savings, loans, mortgages, credit cards, insurance, and investment opportunities for individual customers. It focuses on offering financial solutions to small-medium enterprises, corporates, and financial institutions.

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