Foley Wines (NZSE:FWL) Retained Earnings : NZ$32.87 Mil (As of Dec. 2023)

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What is Foley Wines Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Foley Wines's retained earnings for the quarter that ended in Dec. 2023 was NZ$32.87 Mil.

Foley Wines's quarterly retained earnings increased from Dec. 2022 (NZ$28.97 Mil) to Jun. 2023 (NZ$31.10 Mil) and increased from Jun. 2023 (NZ$31.10 Mil) to Dec. 2023 (NZ$32.87 Mil).

Foley Wines's annual retained earnings increased from Jun. 2021 (NZ$23.31 Mil) to Jun. 2022 (NZ$27.39 Mil) and increased from Jun. 2022 (NZ$27.39 Mil) to Jun. 2023 (NZ$31.10 Mil).

Foley Wines Retained Earnings Historical Data

The historical data trend for Foley Wines'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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Foley Wines Retained Earnings Chart

Foley Wines Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Retained Earnings

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16.78

20.46

23.31

27.39

31.10

Foley Wines Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial															24.21	27.39	28.97	31.10	32.87

Foley Wines 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.

Foley Wines (NZSE:FWL) 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.

Foley Wines (NZSE:FWL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Foley Wines Ltd (NZSE:FWL) » Definitions » Retained Earnings

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Address

13 Waihopai Valley Road, RD6, Blenheim, MBH, NZL, 7276

Website

https://www.foleywines.co.nz

Foley Wines Ltd is a wine company that produces table wines and markets and sells premium wines in New Zealand and various export markets. The company's vineyards are in Marlborough and Martinborough, New Zealand. The company earns majority of its revenue from sale of bottled wines. It sells its products in New Zealand, Australia, the United States, Canada, the United Kingdom, Europe, and the rest of the world.

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