Medicox Co (XKRX:054180) Retained Earnings : ₩-72,597 Mil (As of Dec. 2023)

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What is Medicox Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Medicox Co's retained earnings for the quarter that ended in Dec. 2023 was ₩-72,597 Mil.

Medicox Co's quarterly retained earnings increased from Jun. 2023 (₩-96,595 Mil) to Sep. 2023 (₩-59,215 Mil) but then declined from Sep. 2023 (₩-59,215 Mil) to Dec. 2023 (₩-72,597 Mil).

Medicox Co's annual retained earnings declined from Dec. 2021 (₩-41,033 Mil) to Dec. 2022 (₩-83,442 Mil) but then increased from Dec. 2022 (₩-83,442 Mil) to Dec. 2023 (₩-72,597 Mil).

Medicox Co Retained Earnings Historical Data

The historical data trend for Medicox 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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Medicox Co Retained Earnings Chart

Medicox Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-6,483.38

-17,164.65

-41,033.21

-83,441.72

-72,597.09

Medicox Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-83,441.72	-87,087.68	-96,595.14	-59,214.96	-72,597.09

Medicox 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.

Medicox Co (XKRX:054180) 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.

Medicox Co (XKRX:054180) Business Description

Industry

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Address

40, Nonhyeon-ro 28-gil, 3rd Floor, Deogyeong Building, Gangnam-gu, Seoul, KOR, 137-902

Website

http://www.megabion.co.kr

Medicox Co Ltd is specialized in manufacturing curved blocks of large ships. It produces blocks and supplies them to various large shipbuilding companies in Korea.

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