San Miguel (PHS:SMC) Retained Earnings : ₱93,950 Mil (As of Mar. 2024)

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What is San Miguel Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. San Miguel's retained earnings for the quarter that ended in Mar. 2024 was ₱93,950 Mil.

San Miguel's quarterly retained earnings declined from Sep. 2023 (₱109,142 Mil) to Dec. 2023 (₱103,151 Mil) and declined from Dec. 2023 (₱103,151 Mil) to Mar. 2024 (₱93,950 Mil).

San Miguel's annual retained earnings declined from Dec. 2021 (₱157,707 Mil) to Dec. 2022 (₱129,239 Mil) and declined from Dec. 2022 (₱129,239 Mil) to Dec. 2023 (₱103,151 Mil).

San Miguel Retained Earnings Historical Data

The historical data trend for San Miguel'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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San Miguel Retained Earnings Chart

San Miguel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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173,092.00

162,204.00

157,707.00

129,239.00

103,151.00

San Miguel Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial															125,676.00	111,558.00	109,142.00	103,151.00	93,950.00

San Miguel 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.

San Miguel (PHS:SMC) 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.

San Miguel (PHS:SMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » San Miguel Corp (PHS:SMC) » Definitions » Retained Earnings

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Address

No. 40 San Miguel Avenue, Metro Manila, P.O. Box 271, Manila Central Post Office, Mandaluyong, PHL, 1550

Website

https://www.sanmiguel.com.ph

San Miguel Corp is a holding company based in the Philippines. The company's operating segments include food and beverage; packaging; energy; fuel and oil; and infrastructure. The company generates a majority of its revenue from the fuel and oil segments. The fuel and oil segment is engaged in refining crude oil and marketing and distribution of refined petroleum products.

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