YITYY (YIT Oyj) Retained Earnings : $-23 Mil (As of Sep. 2024)

View and export this data going back to 2008. Start your Free Trial

What is YIT Oyj Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. YIT Oyj's retained earnings for the quarter that ended in Sep. 2024 was $-23 Mil.

YIT Oyj's quarterly retained earnings declined from Mar. 2024 ($37 Mil) to Jun. 2024 ($-19 Mil) and declined from Jun. 2024 ($-19 Mil) to Sep. 2024 ($-23 Mil).

YIT Oyj's annual retained earnings declined from Dec. 2021 ($566 Mil) to Dec. 2022 ($89 Mil) and declined from Dec. 2022 ($89 Mil) to Dec. 2023 ($48 Mil).

YIT Oyj Retained Earnings Historical Data

The historical data trend for YIT Oyj'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.

* Premium members only.

YIT Oyj Retained Earnings Chart

YIT Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

Get a 7-Day Free Trial

650.00

641.12

566.10

88.98

47.98

YIT Oyj Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															28.82	47.98	36.96	-19.38	-23.31

YIT Oyj 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.

YIT Oyj (OTCPK:YITYY) 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.

YIT Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » YIT Oyj (OTCPK:YITYY) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

0GKA:UK YIT:Finland YIT:Germany

Address

Panuntie 11, P.O. Box 36, Helsinki, FIN, 00620

Website

https://www.yitgroup.com

YIT Oyj is a Finnish construction service provider. YIT develops and builds apartments and living services, business premises and entire areas. The company has three reportable segments: 1) the Housing segment which comprises the development and construction of apartments, entire residential areas and leisure-time residences; 2) the Business Premises segment engages in contracting in business premises construction as well as residential construction. 3) The infrastructure segment includes railway and traffic route construction and maintenance, green construction, bridge building and repairing, foundation construction and other earthworks, shoreline and waterworks construction, etc.