Magnit PJSC (MIC:MGNT) Retained Earnings : ₽166,472 Mil (As of Jun. 2023)

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What is Magnit PJSC Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Magnit PJSC's retained earnings for the quarter that ended in Jun. 2023 was ₽166,472 Mil.

Magnit PJSC's quarterly retained earnings declined from Jun. 2022 (₽134,110 Mil) to Dec. 2022 (₽132,700 Mil) but then increased from Dec. 2022 (₽132,700 Mil) to Jun. 2023 (₽166,472 Mil).

Magnit PJSC's annual retained earnings declined from Dec. 2020 (₽109,463 Mil) to Dec. 2021 (₽104,820 Mil) but then increased from Dec. 2021 (₽104,820 Mil) to Dec. 2022 (₽132,700 Mil).

Magnit PJSC Retained Earnings Historical Data

The historical data trend for Magnit PJSC'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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Magnit PJSC Retained Earnings Chart

Magnit PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Retained Earnings

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137,235.13

115,983.22

109,463.26

104,820.46

132,700.30

Magnit PJSC Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Retained Earnings	Get a 7-Day Free Trial															107,740.21	104,820.46	134,110.36	132,700.30	166,472.15

Magnit PJSC 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.

Magnit PJSC (MIC:MGNT) 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.

Magnit PJSC (MIC:MGNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Magnit PJSC (MIC:MGNT) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

15/5, Solnechnaya Street, Krasnodar, RUS, 350072

Website

https://www.magnit.com

PJSC Magnit operates in the retail and distribution of consumer goods under the Magnit, the DIXY and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets and other. The Group's business operations are located in the Russian Federation and relate primarily to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.