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LION CHEMTECH CO.LTD (XKRX:171120) Retained Earnings : ₩96,959 Mil (As of Sep. 2024)


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What is LION CHEMTECH CO.LTD Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. LION CHEMTECH CO.LTD's retained earnings for the quarter that ended in Sep. 2024 was ₩96,959 Mil.

LION CHEMTECH CO.LTD's quarterly retained earnings increased from Mar. 2024 (₩94,705 Mil) to Jun. 2024 (₩96,672 Mil) and increased from Jun. 2024 (₩96,672 Mil) to Sep. 2024 (₩96,959 Mil).

LION CHEMTECH CO.LTD's annual retained earnings increased from Dec. 2021 (₩96,766 Mil) to Dec. 2022 (₩103,424 Mil) but then declined from Dec. 2022 (₩103,424 Mil) to Dec. 2023 (₩96,185 Mil).


LION CHEMTECH CO.LTD Retained Earnings Historical Data

The historical data trend for LION CHEMTECH CO.LTD'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.

* Premium members only.

LION CHEMTECH CO.LTD Retained Earnings Chart

LION CHEMTECH CO.LTD Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 85,528.44 92,239.69 96,766.25 103,423.80 96,185.19

LION CHEMTECH CO.LTD 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 97,903.75 96,185.19 94,704.75 96,672.23 96,959.20

LION CHEMTECH CO.LTD 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.


LION CHEMTECH CO.LTD  (XKRX:171120) 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.


LION CHEMTECH CO.LTD Business Description

Traded in Other Exchanges
N/A
Address
36, Daedeokdae-ro, 1277 beon-gil, Daedeok-gu, Daejeon, KOR, 306220
LION CHEMTECH CO.LTD develops and markets artificial marble and synthetic wax. Its wax product portfolio includes PE wax, PP wax, Functional wax & EBS wax. Its marble portfolio includes TriStone; BlackStone mainly use in kitchen, bathroom, interior, and work of art; and accessories such as shower trays, bathtubs, sink bowls and wash basins, and adhesives.

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