Zardoya Otis (XMAD:ZOT) Retained Earnings : €144.7 Mil (As of Nov. 2021)

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What is Zardoya Otis Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Zardoya Otis's retained earnings for the quarter that ended in Nov. 2021 was €144.7 Mil.

Zardoya Otis's quarterly retained earnings declined from May. 2021 (€133.1 Mil) to Aug. 2021 (€0.0 Mil) but then increased from Aug. 2021 (€0.0 Mil) to Nov. 2021 (€144.7 Mil).

Zardoya Otis's annual retained earnings declined from Nov. 2019 (€140.6 Mil) to Nov. 2020 (€140.4 Mil) but then increased from Nov. 2020 (€140.4 Mil) to Nov. 2021 (€144.7 Mil).

Zardoya Otis Retained Earnings Historical Data

The historical data trend for Zardoya Otis'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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Zardoya Otis Retained Earnings Chart

Zardoya Otis Annual Data

Trend

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Retained Earnings

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152.74

145.73

140.55

140.40

144.65

Zardoya Otis Quarterly Data
	Nov15	May16	Nov16	May17	Nov17	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21
Retained Earnings	Get a 7-Day Free Trial															140.40	-	133.14	-	144.65

Zardoya Otis 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.

Zardoya Otis (XMAD:ZOT) 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.

Zardoya Otis (XMAD:ZOT) Business Description

Industry

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Address

C / Gulf of Thessaloniki No. 73, Madrid, ESP, 28033

Website

https://www.otis.com

Zardoya Otis SA and its subsidiaries are in the business of manufacturing and installing elevators and provision of related maintenance services and export of equipment for installation. The company has manufacturing plants in Madrid and San Sebastian and modernization centers in Munguia and Vigo. Its significant contracts include Louvre museum, Stavros niarchos foundation and Auchan supermarkets. The company mainly operates in Spain, Portugal and Morocco.

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