Dickson Concepts (International) (HKSE:00113) Retained Earnings : HK$2,780 Mil (As of Sep. 2023)

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What is Dickson Concepts (International) Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Dickson Concepts (International)'s retained earnings for the quarter that ended in Sep. 2023 was HK$2,780 Mil.

Dickson Concepts (International)'s quarterly retained earnings increased from Sep. 2022 (HK$0 Mil) to Mar. 2023 (HK$2,667 Mil) and increased from Mar. 2023 (HK$2,667 Mil) to Sep. 2023 (HK$2,780 Mil).

Dickson Concepts (International)'s annual retained earnings increased from Mar. 2021 (HK$0 Mil) to Mar. 2022 (HK$2,551 Mil) and increased from Mar. 2022 (HK$2,551 Mil) to Mar. 2023 (HK$2,667 Mil).

Dickson Concepts (International) Retained Earnings Historical Data

The historical data trend for Dickson Concepts (International)'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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Dickson Concepts (International) Retained Earnings Chart

Dickson Concepts (International) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Retained Earnings

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2,550.96

2,666.74

Dickson Concepts (International) Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Retained Earnings	Get a 7-Day Free Trial															-	2,550.96	-	2,666.74	2,780.02

Dickson Concepts (International) 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.

Dickson Concepts (International) (HKSE:00113) 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.

Dickson Concepts (International) (HKSE:00113) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Dickson Concepts (International) Ltd (HKSE:00113) » Definitions » Retained Earnings

Traded in Other Exchanges

DCOHF:USA

Address

98 Granville Road, 4th Floor East Ocean Centre, Tsimshatsui East, Kowloon, Hong Kong, HKG

Website

https://www.dickson.com.hk

Dickson Concepts (International) Ltd is a Hong Kong-based investment holding company engaged in the manufacturing and distribution of luxury lighters, writing instruments, leather goods, accessories, ready-to-wear clothing, watches and fragrances. The group manages its businesses under two divisions namely, the Luxury Goods and Securities Investment business, of which it generates a majority of revenue from the Luxury goods segment. Geographically the firm has its presence in Hong Kong, Taiwan and other territories, of which key revenue is generated from Hong Kong. The Luxury goods segment includes the sale of luxury goods to retail and wholesale customers and net income from concession and consignment sales.

Executives

Dickson Investment Holding (ptc) Corporation	2301 Trustee
Poon Dickson Pearson Guanda	2501 Other
Poon Dickson	2307 Founder of a discretionary trust who can infl
Paicolex Trust Company (bvi) Limited	2301 Trustee
Paicolex Trust Management Ag	2301 Trustee
Yu Kwai Chu, Pearl	2202 Interest of your spouse

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