Fine Technix Co (XKRX:106240) Retained Earnings : ₩260,975 Mil (As of Sep. 2024)

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What is Fine Technix Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Fine Technix Co's retained earnings for the quarter that ended in Sep. 2024 was ₩260,975 Mil.

Fine Technix Co's quarterly retained earnings declined from Mar. 2024 (₩264,213 Mil) to Jun. 2024 (₩263,476 Mil) and declined from Jun. 2024 (₩263,476 Mil) to Sep. 2024 (₩260,975 Mil).

Fine Technix Co's annual retained earnings increased from Dec. 2021 (₩19,285 Mil) to Dec. 2022 (₩268,185 Mil) but then declined from Dec. 2022 (₩268,185 Mil) to Dec. 2023 (₩263,873 Mil).

Fine Technix Co Retained Earnings Historical Data

The historical data trend for Fine Technix 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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Fine Technix Co Retained Earnings Chart

Fine Technix Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-37,533.60

-32,441.02

19,285.04

268,184.66

263,872.54

Fine Technix Co 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															269,350.42	263,872.54	264,212.69	263,476.16	260,975.39

Fine Technix 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.

Fine Technix Co (XKRX:106240) 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.

Fine Technix Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fine Technix Co Ltd (XKRX:106240) » Definitions » Retained Earnings

Traded in Other Exchanges

N/A

Address

8 Deokcheon-Ro, Manan-gu, Gyeonggi-do, Anyang-si, KOR, 430-817

Website

http://www.finetechnix.com

Fine Technix Co Ltd manufactures LED lighting equipments and Mechanical devices. Its products include LED Bulbs, LED Panel Light, LED Street Light and LED Flood Light among others. The company also offers products such as Top Chassis, Bottom Chassis, Back Cover, Lamp Reflector and Case categories among others.

Fine Technix Co Headlines

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