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Fermiere du Casino Municipal de Cannes (XPAR:FCMC) Retained Earnings : €10.4 Mil (As of Oct. 2023)


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What is Fermiere du Casino Municipal de Cannes Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Fermiere du Casino Municipal de Cannes's retained earnings for the quarter that ended in Oct. 2023 was €10.4 Mil.

Fermiere du Casino Municipal de Cannes's quarterly retained earnings declined from Oct. 2022 (€27.1 Mil) to Apr. 2023 (€-14.7 Mil) but then increased from Apr. 2023 (€-14.7 Mil) to Oct. 2023 (€10.4 Mil).

Fermiere du Casino Municipal de Cannes's annual retained earnings increased from Oct. 2021 (€3.9 Mil) to Oct. 2022 (€27.1 Mil) but then declined from Oct. 2022 (€27.1 Mil) to Oct. 2023 (€10.4 Mil).


Fermiere du Casino Municipal de Cannes Retained Earnings Historical Data

The historical data trend for Fermiere du Casino Municipal de Cannes'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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Fermiere du Casino Municipal de Cannes Retained Earnings Chart

Fermiere du Casino Municipal de Cannes Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.29 -13.06 3.88 27.12 10.43

Fermiere du Casino Municipal de Cannes Semi-Annual Data
Oct13 Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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 3.88 -1.44 27.12 -14.75 10.43

Fermiere du Casino Municipal de Cannes 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.


Fermiere du Casino Municipal de Cannes  (XPAR:FCMC) 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.


Fermiere du Casino Municipal de Cannes (XPAR:FCMC) Business Description

Traded in Other Exchanges
N/A
Address
Le Casino Croisette, 1 espace Lucien Barriere, Cannes, FRA, 06400
Fermiere du Casino Municipal de Cannes operates a chain of casino hotels in France. The company offers accommodation, casinos, restaurants, golf courses, spas, and event management.

Fermiere du Casino Municipal de Cannes (XPAR:FCMC) Headlines

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