Coles Group (ASX:COL) Retained Earnings : A$1,795 Mil (As of Dec. 2023)

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What is Coles Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Coles Group's retained earnings for the quarter that ended in Dec. 2023 was A$1,795 Mil.

Coles Group's quarterly retained earnings declined from Dec. 2022 (A$1,635 Mil) to Jun. 2023 (A$1,608 Mil) but then increased from Jun. 2023 (A$1,608 Mil) to Dec. 2023 (A$1,795 Mil).

Coles Group's annual retained earnings increased from Jun. 2021 (A$1,159 Mil) to Jun. 2022 (A$1,393 Mil) and increased from Jun. 2022 (A$1,393 Mil) to Jun. 2023 (A$1,608 Mil).

Coles Group Retained Earnings Historical Data

The historical data trend for Coles Group'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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Coles Group Retained Earnings Chart

Coles Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Retained Earnings

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1,687.30

961.00

1,159.00

1,393.00

1,608.00

Coles Group Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial						1,335.00	1,393.00	1,635.00	1,608.00	1,795.00

Coles Group 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.

Coles Group (ASX:COL) 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.

Coles Group (ASX:COL) Business Description

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CLEGF:USA 2OF:Germany

Address

800-838 Toorak Road, Hawthorn East, Melbourne, VIC, AUS, 3123

Website

https://www.colesgroup.com.au

Coles Group Limited is one of Australia's largest retailers, operating the second-largest supermarket chain behind market leader Woolworths, and is the country's third-largest liquor retailer. The group has an extensive store network of about 2,500 store outlets and roughly 80% of Australian live within a 10-minute drive from their nearest Coles store. The retailer employs some 110,000 people, who process over 20 million individual customer transactions a week. This compares with Woolworths processing almost 30 million customer transactions per week from Australia's population of 25 million.