Ernst Russ AG (XTER:HXCK) Retained Earnings : €127.9 Mil (As of Dec. 2023)

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What is Ernst Russ AG Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Ernst Russ AG's retained earnings for the quarter that ended in Dec. 2023 was €127.9 Mil.

Ernst Russ AG's quarterly retained earnings declined from Jun. 2023 (€90.4 Mil) to Sep. 2023 (€0.0 Mil) but then increased from Sep. 2023 (€0.0 Mil) to Dec. 2023 (€127.9 Mil).

Ernst Russ AG's annual retained earnings increased from Dec. 2021 (€32.0 Mil) to Dec. 2022 (€79.3 Mil) and increased from Dec. 2022 (€79.3 Mil) to Dec. 2023 (€127.9 Mil).

Ernst Russ AG Retained Earnings Historical Data

The historical data trend for Ernst Russ AG'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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Ernst Russ AG Retained Earnings Chart

Ernst Russ AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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12.09

16.22

31.99

79.26

127.85

Ernst Russ AG Quarterly Data
	Jun18	Dec18	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															79.26	-	90.41	-	127.85

Ernst Russ AG 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.

Ernst Russ AG (XTER:HXCK) 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.

Ernst Russ AG (XTER:HXCK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ernst Russ AG (XTER:HXCK) » Definitions » Retained Earnings

Traded in Other Exchanges

HXCK:Germany HXCK:Germany HXCK:Germany

Address

Elbchaussee 370, Hamburg, DEU, Elbchaussee 370

Website

https://www.ernst-russ.de

Ernst Russ AG is a principal investment firm specializing in fund of fund investments. It operates in the Shipping and Alternative Investment segment. Within the Shipping segment, it focuses on structuring and asset management of investment vehicles for ships on its own behalf and on behalf of third parties. The Asset Classes , life insurance , secondary market and aircraft are managed in the Alternative Investments segment. The firm's majority of revenue comes from Germany through the shipping segment.

Executives

Robert Lorenz-meyer	Supervisory Board
Robert Gärtner	Board of Directors
Ingo Kuhlmann	Supervisory Board
Alexander Stuhlmann	Supervisory Board

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