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Vitesco Technologies Group AG (XTER:VTSC) Retained Earnings : €-843 Mil (As of Dec. 2023)


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What is Vitesco Technologies Group AG Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Vitesco Technologies Group AG's retained earnings for the quarter that ended in Dec. 2023 was €-843 Mil.

Vitesco Technologies Group AG's quarterly retained earnings increased from Jun. 2023 (€-826 Mil) to Sep. 2023 (€-791 Mil) but then declined from Sep. 2023 (€-791 Mil) to Dec. 2023 (€-843 Mil).

Vitesco Technologies Group AG's annual retained earnings increased from Dec. 2021 (€-791 Mil) to Dec. 2022 (€-762 Mil) but then declined from Dec. 2022 (€-762 Mil) to Dec. 2023 (€-843 Mil).


Vitesco Technologies Group AG Retained Earnings Historical Data

The historical data trend for Vitesco Technologies Group 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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Vitesco Technologies Group AG Retained Earnings Chart

Vitesco Technologies Group AG Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial - - -791.20 -761.60 -843.00

Vitesco Technologies Group AG Quarterly Data
Dec18 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 Premium Member Only Premium Member Only Premium Member Only -761.60 -812.30 -826.00 -791.30 -843.00

Vitesco Technologies Group 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.


Vitesco Technologies Group AG  (XTER:VTSC) 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.


Vitesco Technologies Group AG (XTER:VTSC) Business Description

Address
Siemensstrase 12, Regensburg, BY, DEU, 93055
Vitesco is a global Tier I automotive supplier of internal combustion engine, hybrid electric, battery electric, and fuel cell electric vehicle powertrain components and systems, operating through four segments: electrification technology, electronic controls, sensing and actuation, and contract manufacturing. The company was spun off from Continental in September 2021. ICE powertrain products include electronic controls, sensors, actuators, turbochargers, hydraulic components, pumps, and emissions technologies. HEV, BEV, and FCEV products include battery management systems, on-board chargers, battery junction boxes, e-motors, inverters, converters, thermal control, electronic control units, pumps, flow control valves, sensors, and actuators.
Executives
Ingo Holstein Board of Directors
Werner Volz Board of Directors
Andreas Wolf Board of Directors
Klaus Hau Board of Directors
Thomas Stierle Board of Directors
Prof. Dr. Hans-jörg Bullinger Supervisory Board
Joachim Hirsch Supervisory Board
Prof. Siegfried Wolf Supervisory Board

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