Veeko International Holdings (HKSE:01173) Retained Earnings : HK$-147.1 Mil (As of Sep. 2023)

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What is Veeko International Holdings Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Veeko International Holdings's retained earnings for the quarter that ended in Sep. 2023 was HK$-147.1 Mil.

Veeko International Holdings's quarterly retained earnings declined from Sep. 2022 (HK$0.0 Mil) to Mar. 2023 (HK$-146.2 Mil) and declined from Mar. 2023 (HK$-146.2 Mil) to Sep. 2023 (HK$-147.1 Mil).

Veeko International Holdings's annual retained earnings declined from Mar. 2021 (HK$-94.1 Mil) to Mar. 2022 (HK$-151.2 Mil) but then increased from Mar. 2022 (HK$-151.2 Mil) to Mar. 2023 (HK$-146.2 Mil).

Veeko International Holdings Retained Earnings Historical Data

The historical data trend for Veeko International 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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Veeko International Holdings Retained Earnings Chart

Veeko International Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Retained Earnings

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363.83

89.34

-94.12

-151.24

-146.20

Veeko International Holdings 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															-	-151.24	-	-146.20	-147.07

Veeko International 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.

Veeko International Holdings (HKSE:01173) 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.

Veeko International Holdings (HKSE:01173) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Veeko International Holdings Ltd (HKSE:01173) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

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Address

192-200, Tai Lin Pai Road, 10th Floor, Wyler Centre Phase II, New Territories, Kwai Chung, Hong Kong, HKG

Website

https://www.veeko.com.hk

Veeko International Holdings Ltd is an investment holding company principally engaged in the cosmetics and personal care products business. It operates in two business segments. The Cosmetics segment is engaged in the sales of cosmetics under the brand of Colourmix and MORIMOR, including skin-care products, perfumery, make-up, personal care, hairdressing, body care, and cosmeceuticals, as well as health food. The Fashion segment is engaged in the manufacture and sales of ladies' fashion under the brand names of Veeko and Wanko. The cosmetics segment accounts for majority of the firm's revenue. The company generates the majority of the revenue from Hong Kong and Macau.

Executives

Lam Yuk Sum	2305 Beneficiary of a trust
Cheng Chung Man Johnny	2305 Beneficiary of a trust
Hsbc International Trustee Limited	2301 Trustee
Silver Crown Profits Limited	2101 Beneficial owner
Well Feel Group Limited	2201 Interest of corporation controlled by you

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