Inner East Community Finance (XNEC:IEC) Retained Earnings: A$-72.31 Mil (As of Jun. 2024)

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XNEC:IEC Inner East Community Finance Ltd XNEC:IEC
17 GF Score
Price A$1.50
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What is Inner East Community Finance Retained Earnings?

Inner East Community Finance XNEC:IEC 17 Retained Earnings is A$-72.31 Mil as of Jun. 2024. GuruFocus rates XNEC:IEC with a GF Score™ of 17/100.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Inner East Community Finance's retained earnings for the quarter that ended in Jun. 2024 was A$-72.31 Mil.

Inner East Community Finance's quarterly retained earnings declined from Jun. 2023 (A$-73.96 Mil) to Dec. 2023 (A$-74.54 Mil) but then increased from Dec. 2023 (A$-74.54 Mil) to Jun. 2024 (A$-72.31 Mil).

Inner East Community Finance's annual retained earnings increased from Jun. 2022 (A$-94.08 Mil) to Jun. 2023 (A$-73.96 Mil) and increased from Jun. 2023 (A$-73.96 Mil) to Jun. 2024 (A$-72.31 Mil).


Inner East Community Finance  (XNEC:IEC) 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.


Inner East Community Finance Retained Earnings Historical Data

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The historical data trend for Inner East Community Finance'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.

Inner East Community Finance Retained Earnings Chart

Inner East Community Finance Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -76.68 -82.22 -94.08 -73.96 -72.31

Inner East Community Finance Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 -94.08 -73.63 -73.96 -74.54 -72.31
XNEC:IEC
17GF Score
Inner East Community Finance Ltd XNEC:IEC
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
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Inner East Community Finance 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.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of A$-72.31 Mil mean?
Inner East Community Finance (XNEC:IEC) has a Retained Earnings of A$-72.31 Mil as of Jun. 2024. Retained earnings is the amount of net income not issued to shareholders. View historical data on Inner East Community Finance and its competitors.
Is Inner East Community Finance's Retained Earnings too high?
Inner East Community Finance's current Retained Earnings is A$-72.31 Mil. Overall, Inner East Community Finance has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Inner East Community Finance's Retained Earnings compare to PWR and EME?
Inner East Community Finance's Retained Earnings of A$-72.31 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Construction company?
A good Retained Earnings depends on the Construction industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Inner East Community Finance and its competitors. Inner East Community Finance's current Retained Earnings is A$-72.31 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inner East Community Finance stock overvalued right now?
Inner East Community Finance (XNEC:IEC) has a current Retained Earnings of A$-72.31 Mil. The current Retained Earnings is A$-72.31 Mil. Inner East Community Finance's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Inner East Community Finance (XNEC:IEC), the current Retained Earnings is A$-72.31 Mil as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Inner East Community Finance Business Description

Address 143 Maling Road, Canterbury, Melbourne, VIC, AUS, 3126
Inner East Community Finance Ltd is engaged in providing community bank branch services under management rights to operate four franchised branches of Bendigo and Adelaide Bank Limited in Canterbury, Surrey Hills, Ashburton, and Balwyn, Victoria. The company focuses on delivering banking and social enterprise services, while maximising profits and returning shareholder value. It offers traditional banking products and services such as home loans, credit cards, accounts, insurance, personal and business loans, etc, and directs a substantial portion of its profits back into the local community through grants and sponsorships.
17GF Score

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Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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