Buru Energy (ASX:BRU) Retained Earnings : A$-282.76 Mil (As of Jun. 2023)

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What is Buru Energy Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Buru Energy's retained earnings for the quarter that ended in Jun. 2023 was A$-282.76 Mil.

Buru Energy's quarterly retained earnings declined from Jun. 2022 (A$-253.44 Mil) to Dec. 2022 (A$-276.77 Mil) and declined from Dec. 2022 (A$-276.77 Mil) to Jun. 2023 (A$-282.76 Mil).

Buru Energy's annual retained earnings declined from Dec. 2021 (A$-244.00 Mil) to Dec. 2022 (A$-276.77 Mil) and declined from Dec. 2022 (A$-276.77 Mil) to Dec. 2023 (A$-281.33 Mil).

Buru Energy Retained Earnings Historical Data

The historical data trend for Buru Energy'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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Buru Energy Retained Earnings Chart

Buru Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-205.52

-233.78

-244.00

-276.77

-281.33

Buru Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-244.00	-253.44	-276.77	-282.76	-281.33

Buru Energy 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.

Buru Energy (ASX:BRU) 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.

Buru Energy (ASX:BRU) Business Description

Industry

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BRNGF:USA

Address

16 Ord Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.buruenergy.com

Buru Energy Ltd is engaged in oil and gas exploration and production in the Canning Basin in the northwest of Western Australia. The group is divided into two reportable segments: Oil Production segment which includes development and production of the Ungani Oilfield. Exploration segment, the exploration program is focused on prospects along the Ungani oil trend, the Yulleroo area where gas resources have been identified in the Laurel Formation, the Lennard Shelf area including the shut-in Blina and Sundown Oilfields. The other segment is the Energy Transition segment.

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