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Carmit Candy Industries (XTAE:CRMT) Retained Earnings : ₪29.4 Mil (As of Dec. 2023)


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What is Carmit Candy Industries Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Carmit Candy Industries's retained earnings for the quarter that ended in Dec. 2023 was ₪29.4 Mil.

Carmit Candy Industries's quarterly retained earnings increased from Dec. 2022 (₪28.9 Mil) to Jun. 2023 (₪30.0 Mil) but then declined from Jun. 2023 (₪30.0 Mil) to Dec. 2023 (₪29.4 Mil).

Carmit Candy Industries's annual retained earnings declined from Dec. 2021 (₪35.4 Mil) to Dec. 2022 (₪28.9 Mil) but then increased from Dec. 2022 (₪28.9 Mil) to Dec. 2023 (₪29.4 Mil).


Carmit Candy Industries Retained Earnings Historical Data

The historical data trend for Carmit Candy Industries'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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Carmit Candy Industries Retained Earnings Chart

Carmit Candy Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial 34.73 52.13 35.37 28.87 29.39

Carmit Candy Industries Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 35.37 29.65 28.87 30.00 29.39

Carmit Candy Industries 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.


Carmit Candy Industries  (XTAE:CRMT) 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.


Carmit Candy Industries (XTAE:CRMT) Business Description

Traded in Other Exchanges
N/A
Address
25 Hahagana Street, Rishon Lezion, ISR, 75706
Carmit Candy Industries Ltd is a confectionery manufacturer. It produces confectionery products for private label brands. Its products include chocolate coins, marshmallows, Dairy-free chocolate, lollipops and toffees, and chocolate bars, among others. It caters to industrial and professional markets in Israel and produces chocolate, which serves as raw material for the chocolate, ice cream, dairy, confectionery, bakery and other industries.