Upbest Group (HKSE:00335) Retained Earnings : HK$2,426.0 Mil (As of Sep. 2023)

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What is Upbest Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Upbest Group's retained earnings for the quarter that ended in Sep. 2023 was HK$2,426.0 Mil.

Upbest Group's quarterly retained earnings increased from Sep. 2022 (HK$0.0 Mil) to Mar. 2023 (HK$2,372.9 Mil) and increased from Mar. 2023 (HK$2,372.9 Mil) to Sep. 2023 (HK$2,426.0 Mil).

Upbest Group's annual retained earnings increased from Mar. 2021 (HK$0.0 Mil) to Mar. 2022 (HK$2,326.2 Mil) and increased from Mar. 2022 (HK$2,326.2 Mil) to Mar. 2023 (HK$2,372.9 Mil).

Upbest Group Retained Earnings Historical Data

The historical data trend for Upbest 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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Upbest Group Retained Earnings Chart

Upbest Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Retained Earnings

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2,326.21

2,372.88

Upbest Group 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															-	2,326.21	-	2,372.88	2,426.05

Upbest 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.

Upbest Group (HKSE:00335) 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.

Upbest Group (HKSE:00335) Business Description

Industry

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Address

300 Des Voeux Road Central, 2nd Floor, Wah Kit Commercial Centre, Hong Kong, HKG

Website

https://www.upbest.com

Upbest Group Ltd is an investment holding company. The principal activity of the Company is investment holding. Its subsidiaries are principally engaged in securities broking, futures broking, securities margin financing, money lending, corporate finance advisory, assets management, precious metal trading, and property investment. The company's operating segment includes Broking, Financing, corporate finance, assets management, properties investment, and precious metal trading the firm generates the majority of its revenue from property investment. geographically the majority of its revenues come from Hongkong.

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