DS Smith (LSE:SMDS) Retained Earnings : £1,602 Mil (As of Oct. 2023)

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What is DS Smith Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. DS Smith's retained earnings for the quarter that ended in Oct. 2023 was £1,602 Mil.

DS Smith's quarterly retained earnings increased from Oct. 2022 (£1,356 Mil) to Apr. 2023 (£1,581 Mil) and increased from Apr. 2023 (£1,581 Mil) to Oct. 2023 (£1,602 Mil).

DS Smith's annual retained earnings increased from Apr. 2021 (£1,189 Mil) to Apr. 2022 (£1,352 Mil) and increased from Apr. 2022 (£1,352 Mil) to Apr. 2023 (£1,581 Mil).

DS Smith Retained Earnings Historical Data

The historical data trend for DS Smith'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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DS Smith Retained Earnings Chart

DS Smith Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Retained Earnings

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729.00

1,003.00

1,189.00

1,352.00

1,581.00

DS Smith Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Retained Earnings	Get a 7-Day Free Trial															1,281.00	1,352.00	1,356.00	1,581.00	1,602.00

DS Smith 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.

DS Smith (LSE:SMDS) 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.

DS Smith (LSE:SMDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » DS Smith PLC (LSE:SMDS) » Definitions » Retained Earnings

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DITHF:USA SMDSl:UK

Address

1 Paddington Square, Level 3, London, GBR, W2 1DL

Website

https://www.dssmith.com

DS Smith PLC manufactures and sells packaging and packaging-related products. The company produces corrugated boards made from recycled paper materials. The firm organizes itself into four segments. The segments are based on geography: U.K., Western Europe, DCH and Northern Europe, and Central Europe and Italy. The Western Europe and Central Europe and Italy segments generate more revenue than any other segment.

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