GMB Korea (XKRX:013870) Retained Earnings : ₩243,001 Mil (As of Dec. 2024)

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What is GMB Korea Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. GMB Korea's retained earnings for the quarter that ended in Dec. 2024 was ₩243,001 Mil.

GMB Korea's quarterly retained earnings declined from Jun. 2024 (₩242,954 Mil) to Sep. 2024 (₩239,679 Mil) but then increased from Sep. 2024 (₩239,679 Mil) to Dec. 2024 (₩243,001 Mil).

GMB Korea's annual retained earnings increased from Dec. 2022 (₩234,427 Mil) to Dec. 2023 (₩236,237 Mil) and increased from Dec. 2023 (₩236,237 Mil) to Dec. 2024 (₩243,001 Mil).

GMB Korea Retained Earnings Historical Data

The historical data trend for GMB Korea'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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GMB Korea Retained Earnings Chart

GMB Korea Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Retained Earnings

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199,529.35

214,121.77

234,427.46

236,237.18

243,000.92

GMB Korea Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Retained Earnings	Get a 7-Day Free Trial															236,237.18	237,931.68	242,954.46	239,679.29	243,000.92

GMB Korea 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.

GMB Korea (XKRX:013870) 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.

GMB Korea Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » GMB Korea Corp (XKRX:013870) » Definitions » Retained Earnings

Traded in Other Exchanges

N/A

Address

618, Ungnam-ro(Seongsan-dong), Seongsan-gu, Changwon-si, Gyeongsangnam-do, KOR, 642315

Website

http://www.gmb.co.kr

GMB Korea Corp manufactures parts and accessories for motor vehicles which include engine parts, auto parts, chassis parts, bearing parts, and green energy parts. Its products portfolio consists of water pumps, socket, oil pump, spool valve, hydraulic pressure piston, cage, tripped joint, ball bearing etc.

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