Matrix IT (XTAE:MTRX) Retained Earnings : ₪666 Mil (As of Dec. 2023)

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What is Matrix IT Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Matrix IT's retained earnings for the quarter that ended in Dec. 2023 was ₪666 Mil.

Matrix IT's quarterly retained earnings increased from Jun. 2023 (₪601 Mil) to Sep. 2023 (₪610 Mil) and increased from Sep. 2023 (₪610 Mil) to Dec. 2023 (₪666 Mil).

Matrix IT's annual retained earnings increased from Dec. 2021 (₪502 Mil) to Dec. 2022 (₪562 Mil) and increased from Dec. 2022 (₪562 Mil) to Dec. 2023 (₪666 Mil).

Matrix IT Retained Earnings Historical Data

The historical data trend for Matrix IT'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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Matrix IT Retained Earnings Chart

Matrix IT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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395.16

444.57

502.46

561.78

665.98

Matrix IT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															561.78	586.29	601.02	610.15	665.98

Matrix IT 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.

Matrix IT (XTAE:MTRX) 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.

Matrix IT (XTAE:MTRX) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Matrix IT Ltd (XTAE:MTRX) » Definitions » Retained Earnings

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Address

3 Abba Eban Boulevard, Herzlia Pituach, ISR, 4612001

Website

http://www.matrix.co.il

Matrix IT Ltd is an information technology company. It manages segments such as software solutions and value added services in Israel, software product marketing and support services, computer infrastructure and integration solutions, training and implementation, and software solutions and services in USA. Majority of its revenue is derived from its software solutions and services segment. The company's revenue is generated from its Israel operations.