2Go Group (PHS:2GO) Retained Earnings : ₱-4,475 Mil (As of Mar. 2023)

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What is 2Go Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. 2Go Group's retained earnings for the quarter that ended in Mar. 2023 was ₱-4,475 Mil.

2Go Group's quarterly retained earnings increased from Sep. 2022 (₱-4,732 Mil) to Dec. 2022 (₱-4,662 Mil) and increased from Dec. 2022 (₱-4,662 Mil) to Mar. 2023 (₱-4,475 Mil).

2Go Group's annual retained earnings declined from Dec. 2020 (₱-3,827 Mil) to Dec. 2021 (₱-4,971 Mil) but then increased from Dec. 2021 (₱-4,971 Mil) to Dec. 2022 (₱-4,662 Mil).

2Go Group Retained Earnings Historical Data

The historical data trend for 2Go 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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2Go Group Retained Earnings Chart

2Go Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Retained Earnings

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-1,084.21

-1,984.27

-3,826.76

-4,970.92

-4,662.09

2Go Group Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Retained Earnings	Get a 7-Day Free Trial															-5,005.82	-4,897.68	-4,732.35	-4,662.09	-4,475.26

2Go 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.

2Go Group (PHS:2GO) 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.

2Go Group (PHS:2GO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » 2Go Group Inc (PHS:2GO) » Definitions » Retained Earnings

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Address

Macapagal Boulevard, 8th Floor Double Dragon Plaza, Tower 1, corner EDSA Extension, Pasay, PHL, 1302

Website

https://www.2go.com.ph

2Go Group Inc is a Philippines-based logistics provider. The group owns and operates successful brands such as 2GO Travel, 2GO Freight, 2GO Express, and 2GO Logistics, offering an array of logistics and travel services. The business functions throughout the Philippines and it offers services such as international shipping, international freight forwarding, customs clearance, domestic shipping, freight and travel, warehousing, land transport, express, projects, and trade. Its reporting segments involve the shipping segment which t provides ocean-going transportation of passengers, rolling cargo, and freight cargo and the non-shipping segment provides logistics, sale of goods, supply chain management, and other services.

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