Kitwave Group (LSE:KITW) Retained Earnings : £50.6 Mil (As of Oct. 2023)

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What is Kitwave Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Kitwave Group's retained earnings for the quarter that ended in Oct. 2023 was £50.6 Mil.

Kitwave Group's quarterly retained earnings increased from Oct. 2022 (£39.0 Mil) to Apr. 2023 (£40.6 Mil) and increased from Apr. 2023 (£40.6 Mil) to Oct. 2023 (£50.6 Mil).

Kitwave Group's annual retained earnings increased from Oct. 2021 (£29.6 Mil) to Oct. 2022 (£39.0 Mil) and increased from Oct. 2022 (£39.0 Mil) to Oct. 2023 (£50.6 Mil).

Kitwave Group Retained Earnings Historical Data

The historical data trend for Kitwave 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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Kitwave Group Retained Earnings Chart

Kitwave Group Annual Data

Trend

Apr18

Apr19

Oct21

Oct22

Oct23

Retained Earnings

16.89

20.55

29.57

39.01

50.62

Kitwave Group Semi-Annual Data
	Apr18	Apr19	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Retained Earnings	Get a 7-Day Free Trial			29.57	30.85	39.01	40.65	50.62

Kitwave 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.

Kitwave Group (LSE:KITW) 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.

Kitwave Group (LSE:KITW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Kitwave Group PLC (LSE:KITW) » Definitions » Retained Earnings

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8R9:Germany

Address

Narvik Way, Unit S3, Tyne Tunnel Estate, North Shields, Tyne & Wear, GBR, NE29 7XJ

Website

https://www.kitwave.co.uk

Kitwave Group PLC is an independent, delivered wholesale business that supports delivery throughout the UK, specializing in selling impulse products such as confectionery, soft drinks, snacks, ice cream, frozen and chilled foods, alcohol, groceries, and tobacco. The company's reportable segments include Ambient, Frozen and chilled, and Foodservice.

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