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ZK International Group Co (ZK International Group Co) Retained Earnings : $13.3 Mil (As of Mar. 2023)


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What is ZK International Group Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. ZK International Group Co's retained earnings for the quarter that ended in Mar. 2023 was $13.3 Mil.

ZK International Group Co's quarterly retained earnings declined from Mar. 2022 ($19.7 Mil) to Sep. 2022 ($13.4 Mil) and declined from Sep. 2022 ($13.4 Mil) to Mar. 2023 ($13.3 Mil).

ZK International Group Co's annual retained earnings declined from Sep. 2020 ($23.5 Mil) to Sep. 2021 ($19.7 Mil) and declined from Sep. 2021 ($19.7 Mil) to Sep. 2022 ($13.4 Mil).


ZK International Group Co Retained Earnings Historical Data

The historical data trend for ZK International Group 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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ZK International Group Co Retained Earnings Chart

ZK International Group Co Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Retained Earnings
Get a 7-Day Free Trial 17.14 24.37 23.55 19.74 13.39

ZK International Group Co Semi-Annual Data
Sep15 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.98 19.74 19.73 13.39 13.33

ZK International Group 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.


ZK International Group Co  (NAS:ZKIN) 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.


ZK International Group Co (ZK International Group Co) Business Description

Traded in Other Exchanges
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Address
C/o Zhejiang Zhengkang Industrial Co., Ltd., No. 678 Dingxiang Road, Binhai Industrial Park, Zhejiang Province, Economic and Technology Development Zone, Wenzhou, CHN, 325025
ZK International Group Co Ltd is engaged in the manufacture and marketing of metal pipes. The company is specialized in producing double-press thin-walled stainless steel tube and fittings, carbon steel tube and fittings, single-press tube and fittings, and stainless-steel strip. The products are used in restaurants, hotel, hospital, firefighting, food, beverage, ship, engine, industrial seawater desalination and systems of direct-drinking water, cold /hot water supply, city water supply, gas of large/middle scale construction projects.

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