KE Holdings (HKSE:02423) Retained Earnings : HK$-6,205 Mil (As of Dec. 2023)

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What is KE Holdings Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. KE Holdings's retained earnings for the quarter that ended in Dec. 2023 was HK$-6,205 Mil.

KE Holdings's quarterly retained earnings increased from Jun. 2023 (HK$-8,040 Mil) to Sep. 2023 (HK$-6,642 Mil) and increased from Sep. 2023 (HK$-6,642 Mil) to Dec. 2023 (HK$-6,205 Mil).

KE Holdings's annual retained earnings declined from Dec. 2021 (HK$-12,052 Mil) to Dec. 2022 (HK$-12,737 Mil) but then increased from Dec. 2022 (HK$-12,737 Mil) to Dec. 2023 (HK$-6,205 Mil).

KE Holdings Retained Earnings Historical Data

The historical data trend for KE 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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KE Holdings Retained Earnings Chart

KE Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-13,103.35

-10,938.78

-12,052.24

-12,737.08

-6,204.92

KE Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-12,737.08	-9,862.56	-8,039.59	-6,642.44	-6,204.92

KE 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.

KE Holdings (HKSE:02423) 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.

KE Holdings (HKSE:02423) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » KE Holdings Inc (HKSE:02423) » Definitions » Retained Earnings

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Address

No. 2 Chuangye Road, Oriental Electronic Technology Building, Haidian District, Beijing, CHN, 100086

Website

https://investors.ke.com

KE Holdings, or Beike, is a large residential real estate sales and rental brokerage company in China. Founded in 2001, the company operates through self-owned Lianjia stores in Beijing and Shanghai and connected third-party agencies including franchise brand Deyou in other cities, with commissions charged on existing home and new home transactions. Leveraging an online-offline hybrid model, Beike also attract clients through its namesake online marketplace. The company tapped into home renovation services by acquiring Shengdu Home Decoration in 2022. As at the end of 2022, Beike's cofounders collectively control the company, while Tencent and its affiliates share 8% of voting power.

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