Ovctek China (SZSE:300595) Retained Earnings : ¥2,274 Mil (As of Mar. 2024)

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What is Ovctek China Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Ovctek China's retained earnings for the quarter that ended in Mar. 2024 was ¥2,274 Mil.

Ovctek China's quarterly retained earnings increased from Sep. 2023 (¥2,008 Mil) to Dec. 2023 (¥2,081 Mil) and increased from Dec. 2023 (¥2,081 Mil) to Mar. 2024 (¥2,274 Mil).

Ovctek China's annual retained earnings increased from Dec. 2021 (¥1,153 Mil) to Dec. 2022 (¥1,595 Mil) and increased from Dec. 2022 (¥1,595 Mil) to Dec. 2023 (¥2,081 Mil).

Ovctek China Retained Earnings Historical Data

The historical data trend for Ovctek China'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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Ovctek China Retained Earnings Chart

Ovctek China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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641.56

988.38

1,152.52

1,594.96

2,081.45

Ovctek China 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															1,768.08	1,780.25	2,007.64	2,081.45	2,274.41

Ovctek China 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.

Ovctek China (SZSE:300595) 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.

Ovctek China (SZSE:300595) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Ovctek China Inc (SZSE:300595) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4899 Wangjiang West Road, High-tech Zone, Anhui Province, Hefei, CHN, 230088

Website

http://www.orthok.cn

Ovctek China Inc is a China-based company engaged in the research and development, production, and sales of rigid gas permeable contact lens products. Its products include Hard Mirror, Mirror Teshu family, High-end ophthalmic products, and Security products. The company-owned trademarks are DreamVision, DreamDawei, Ri Dawei, Hua Cone, Jing Teshu, openvision, and Mengshiqing among others.

Executives

Tao Yue Qun	Directors, executives
	Directors, executives
Yin Yin	Director

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