Glodon Co (SZSE:002410) Retained Earnings : ¥2,116 Mil (As of Mar. 2024)

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What is Glodon Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Glodon Co's retained earnings for the quarter that ended in Mar. 2024 was ¥2,116 Mil.

Glodon Co's quarterly retained earnings declined from Sep. 2023 (¥2,272 Mil) to Dec. 2023 (¥2,110 Mil) but then increased from Dec. 2023 (¥2,110 Mil) to Mar. 2024 (¥2,116 Mil).

Glodon Co's annual retained earnings increased from Dec. 2021 (¥1,962 Mil) to Dec. 2022 (¥2,485 Mil) but then declined from Dec. 2022 (¥2,485 Mil) to Dec. 2023 (¥2,110 Mil).

Glodon Co Retained Earnings Historical Data

The historical data trend for Glodon Co'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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Glodon Co Retained Earnings Chart

Glodon Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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1,343.92

1,554.20

1,961.97

2,485.29

2,109.62

Glodon Co 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															2,605.03	2,258.32	2,271.74	2,109.62	2,115.70

Glodon Co 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.

Glodon Co (SZSE:002410) 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.

Glodon Co (SZSE:002410) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Glodon Co Ltd (SZSE:002410) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

Building 13 East Road, Xibeiwang 10 Eastern Hospital, Haidian District, Beijing, CHN

Website

http://www.glodon.com

Glodon Co Ltd provides information technology services and solutions to the construction industry. The company offers digital construction platform that provides professional support based on the professional application in the field of construction engineering and provides value-added services such as industrial big data and industrial new finance. The products and services provided by the company are - civil measurement, installation measurement, municipal calculation, cloud pricing, wide material assistant, BIMFACE, smart helmet, labor management system, and many more.

Executives

Wang Ai Hua	Director
	Supervisors
Zhi Fei	Executives
Liu Qian	Directors, executives
	Executives
Wang Jin Hong	Supervisors
Diao Zhi Zhong	Director
Li Shu Jian	Directors, executives
Yuan Zheng Gang	Directors, executives
Jia Xiao Ping	Director
Chang Fan	Securities Affairs Representative
He Ping	Executives
An Jing He	Supervisors
Zhang Kui Jiang	Directors, executives
Liu Qing Ni	Executives

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