First Mutual Properties (XZIM:FMP.ZW) Retained Earnings : ZWL812,248 Mil (As of Jun. 2023)

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What is First Mutual Properties Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. First Mutual Properties's retained earnings for the quarter that ended in Jun. 2023 was ZWL812,248 Mil.

First Mutual Properties's quarterly retained earnings increased from Jun. 2022 (ZWL68,113 Mil) to Dec. 2022 (ZWL99,009 Mil) and increased from Dec. 2022 (ZWL99,009 Mil) to Jun. 2023 (ZWL812,248 Mil).

First Mutual Properties's annual retained earnings increased from Dec. 2020 (ZWL13,959 Mil) to Dec. 2021 (ZWL67,746 Mil) and increased from Dec. 2021 (ZWL67,746 Mil) to Dec. 2022 (ZWL99,009 Mil).

First Mutual Properties Retained Earnings Historical Data

The historical data trend for First Mutual Properties'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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First Mutual Properties Retained Earnings Chart

First Mutual Properties Annual Data

Trend

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Retained Earnings

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803.29

5,116.72

13,958.62

67,745.77

99,008.95

First Mutual Properties Semi-Annual Data
	Jun09	Jun11	Dec11	Jun12	Dec12	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Retained Earnings	Get a 7-Day Free Trial										9,049.01	67,745.77	68,113.13	99,008.95	812,247.65

First Mutual Properties 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.

First Mutual Properties (XZIM:FMP.ZW) 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.

First Mutual Properties (XZIM:FMP.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » First Mutual Properties Ltd (XZIM:FMP.ZW) » Definitions » Retained Earnings

Traded in Other Exchanges

N/A

Address

100 Borrowdale Road, First Floor, First Mutual Park, Borrowdale, Harare, ZWE

Website

https://www.firstmutual.co.zw

First Mutual Properties Ltd is principally engaged in property investment, development, and management. The segments of the company include office, retail and industrial properties. The office segment acquires, develops and leases office in the central business district and office parks. Office comprise the high rise central business district buildings and office parks in Zimbabwe. The retail segment acquires, develops and leases shops, and the industrial segment comprises properties situated in designated industrial areas of Zimbabwe. The industrial segment comprises properties situated in designated industrial areas of Zimbabwe.

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