Ring Net Co (XKRX:042500) Retained Earnings : ₩87,629 Mil (As of Mar. 2024)

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What is Ring Net Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Ring Net Co's retained earnings for the quarter that ended in Mar. 2024 was ₩87,629 Mil.

Ring Net Co's quarterly retained earnings increased from Sep. 2023 (₩80,122 Mil) to Dec. 2023 (₩85,885 Mil) and increased from Dec. 2023 (₩85,885 Mil) to Mar. 2024 (₩87,629 Mil).

Ring Net Co's annual retained earnings increased from Dec. 2021 (₩63,259 Mil) to Dec. 2022 (₩73,478 Mil) and increased from Dec. 2022 (₩73,478 Mil) to Dec. 2023 (₩85,885 Mil).

Ring Net Co Retained Earnings Historical Data

The historical data trend for Ring Net 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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Ring Net Co Retained Earnings Chart

Ring Net Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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46,563.07

54,525.45

63,259.32

73,478.48

85,884.59

Ring Net 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															75,583.44	76,103.73	80,122.45	85,884.59	87,629.42

Ring Net 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.

Ring Net Co (XKRX:042500) 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.

Ring Net Co (XKRX:042500) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Ring Net Co Ltd (XKRX:042500) » Definitions » Retained Earnings

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Address

No. 27, No. 409, Samsung IT Valley, 4th Floor, Guro-gu, Seoul, KOR

Website

http://www.ringnet.co.kr

Ring Net Co Ltd is a specialized ICT service company. It offers solutions in the business areas of Network integration, System integration, Advanced service, Cloud, Collaboration and Security. System integration establishes an optimum information system through convergence and integration of complex IT resources; Network Integration relates to building network architecture and optimizing network infrastructure; Advanced Service provides services according to IT life cycle for consulting, construction, maintenance, and optimization; Cloud service provides virtualization, server and storage solutions for cloud computing environments; Collaboration covers IT telephony, unified communication, video conference and CCTV solution; and Security area provides security solutions.

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