Driver Group (LSE:DRV) Retained Earnings : £5.68 Mil (As of Sep. 2023)

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What is Driver Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Driver Group's retained earnings for the quarter that ended in Sep. 2023 was £5.68 Mil.

Driver Group's quarterly retained earnings declined from Sep. 2022 (£6.48 Mil) to Mar. 2023 (£6.15 Mil) and declined from Mar. 2023 (£6.15 Mil) to Sep. 2023 (£5.68 Mil).

Driver Group's annual retained earnings declined from Sep. 2021 (£9.92 Mil) to Sep. 2022 (£6.48 Mil) and declined from Sep. 2022 (£6.48 Mil) to Sep. 2023 (£5.68 Mil).

Driver Group Retained Earnings Historical Data

The historical data trend for Driver 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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Driver Group Retained Earnings Chart

Driver Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Retained Earnings

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8.13

9.08

9.92

6.48

5.68

Driver 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															9.92	8.99	6.48	6.15	5.68

Driver 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.

Driver Group (LSE:DRV) 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.

Driver Group (LSE:DRV) Business Description

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Address

125 Old Broad Street, Suite 706-708, Floor 7, London, GBR, EC2N 1AR

Website

https://www.driver-group.com

Driver Group PLC provides consultancy services to the engineering and construction industries. The business activity of the group is primarily operated through divisions such as Europe and the Americas; Asia Pacific; Middle East. Geographically, it derives a majority of its revenue from the United Kingdom and can be seen across the region of Oman, France, Qatar, Germany, Kuwait, China, the US, Canada, and others. It offers quantity surveying, quantum and planning experts, litigation support, contract administration, and commercial advice/management services; and capital investment consultancy services, including development, project, and contracting management services.