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Golden Heaven Group Holdings (Golden Heaven Group Holdings) Retained Earnings : $55.56 Mil (As of Sep. 2023)


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What is Golden Heaven Group Holdings Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Golden Heaven Group Holdings's retained earnings for the quarter that ended in Sep. 2023 was $55.56 Mil.

Golden Heaven Group Holdings's quarterly retained earnings increased from Sep. 2022 ($49.10 Mil) to Mar. 2023 ($56.52 Mil) but then declined from Mar. 2023 ($56.52 Mil) to Sep. 2023 ($55.56 Mil).

Golden Heaven Group Holdings's annual retained earnings increased from Sep. 2021 ($35.14 Mil) to Sep. 2022 ($49.10 Mil) and increased from Sep. 2022 ($49.10 Mil) to Sep. 2023 ($55.56 Mil).


Golden Heaven Group Holdings Retained Earnings Historical Data

The historical data trend for Golden Heaven Group Holdings'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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Golden Heaven Group Holdings Retained Earnings Chart

Golden Heaven Group Holdings Annual Data
Trend Sep20 Sep21 Sep22 Sep23
Retained Earnings
22.18 35.14 49.10 55.56

Golden Heaven Group Holdings Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Retained Earnings Get a 7-Day Free Trial 35.14 42.40 49.10 56.52 55.56

Golden Heaven Group Holdings 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.


Golden Heaven Group Holdings  (NAS:GDHG) 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.


Golden Heaven Group Holdings (Golden Heaven Group Holdings) Business Description

Traded in Other Exchanges
N/A
Address
No. 8 Banhouhaichuan Road, Xiqin Town, Yanping District, Fujian Province, Nanping City, CHN, 353001
Golden Heaven Group Holdings Ltd is an offshore holding company. Through the operating entities in China, It manages and operates six properties consisting of amusement parks, water parks, and complementary recreational facilities. The parks offer a broad selection of exhilarating and recreational experiences, including both thrilling and family-friendly rides, water attractions, gourmet festivals, circus performances, and high-tech facilities. The parks collectively contain nearly 159 rides and attractions. The firm's revenue is primarily generated from selling access to rides and attractions, charging fees for special event rentals, and collecting regular rental payments from commercial tenants.

Golden Heaven Group Holdings (Golden Heaven Group Holdings) Headlines

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