Modetour Network (XKRX:080160) Retained Earnings : ₩62,295 Mil (As of Sep. 2024)

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What is Modetour Network Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Modetour Network's retained earnings for the quarter that ended in Sep. 2024 was ₩62,295 Mil.

Modetour Network's quarterly retained earnings declined from Mar. 2024 (₩64,480 Mil) to Jun. 2024 (₩60,887 Mil) but then increased from Jun. 2024 (₩60,887 Mil) to Sep. 2024 (₩62,295 Mil).

Modetour Network's annual retained earnings declined from Dec. 2021 (₩65,236 Mil) to Dec. 2022 (₩51,306 Mil) but then increased from Dec. 2022 (₩51,306 Mil) to Dec. 2023 (₩61,280 Mil).

Modetour Network Retained Earnings Historical Data

The historical data trend for Modetour Network'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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Modetour Network Retained Earnings Chart

Modetour Network Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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115,565.65

47,336.39

65,235.99

51,306.26

61,279.98

Modetour Network 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															60,999.82	61,279.98	64,479.71	60,887.41	62,295.35

Modetour Network 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.

Modetour Network (XKRX:080160) 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.

Modetour Network Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Modetour Network Inc (XKRX:080160) » Definitions » Retained Earnings

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Address

Baeknam Building, 6th Floor, 188-3 Euljiro 1-Ga, Jung-gu, Seoul, KOR, 100-191

Website

http://www.modetour.co.kr

Modetour Network Inc is a Korea-based travel agency. The company sells domestic and overseas planning travel products and tickets for domestic and foreign residents and provides a series of related services. It also focuses on consulting on domestic and abroad travel and acting an agency for passport and visa procedure. The company's main services include overseas bookings, package tours, air courier services and others.

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