Sinocare (SZSE:300298) Retained Earnings : ¥1,031 Mil (As of Mar. 2024)

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What is Sinocare Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Sinocare's retained earnings for the quarter that ended in Mar. 2024 was ¥1,031 Mil.

Sinocare's quarterly retained earnings declined from Sep. 2023 (¥1,001 Mil) to Dec. 2023 (¥920 Mil) but then increased from Dec. 2023 (¥920 Mil) to Mar. 2024 (¥1,031 Mil).

Sinocare's annual retained earnings increased from Dec. 2021 (¥587 Mil) to Dec. 2022 (¥796 Mil) and increased from Dec. 2022 (¥796 Mil) to Dec. 2023 (¥920 Mil).

Sinocare Retained Earnings Historical Data

The historical data trend for Sinocare'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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Sinocare Retained Earnings Chart

Sinocare Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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639.89

613.30

586.95

795.95

920.12

Sinocare 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															913.18	858.29	1,000.95	920.12	1,031.18

Sinocare 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.

Sinocare (SZSE:300298) 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.

Sinocare (SZSE:300298) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sinocare Inc (SZSE:300298) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.265 Guyuan Road, Hi-tech Zone, Hunan Province, Changsha, CHN, 410205

Website

https://en.sinocare.com/

Sinocare Inc operates in the healthcare industry. It is engaged in the development, manufacturing, and marketing of diagnosis testing products for people with chronic diseases and healthcare professionals. Its product range covers household blood glucose meter, medical blood glucose meter, urinary microalbumin test strip and blood lipid uric acid products. In addition, the company also provides diabetes management information systems.

Executives

Li Shao Bo	Directors, executives
Che Hong Jing	Director
Wang Shi Min	Executives
Huang An Guo	Directors, executives
	Directors, executives
Pan Shu Guang	Securities Affairs Representative
Zhou Qing Hua	Supervisors
Ning Gui Chun	Supervisors
Wang Rui	Securities Affairs Representative
Chen Ji Dong	Supervisors
Che Hong Li	Directors, executives
Zhang Fan	Director

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