Fortum Oyj (FRA:FOT) Retained Earnings : €5,047 Mil (As of Mar. 2024)

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What is Fortum Oyj Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Fortum Oyj's retained earnings for the quarter that ended in Mar. 2024 was €5,047 Mil.

Fortum Oyj's quarterly retained earnings increased from Sep. 2023 (€5,167 Mil) to Dec. 2023 (€5,592 Mil) but then declined from Dec. 2023 (€5,592 Mil) to Mar. 2024 (€5,047 Mil).

Fortum Oyj's annual retained earnings declined from Dec. 2021 (€10,062 Mil) to Dec. 2022 (€6,467 Mil) and declined from Dec. 2022 (€6,467 Mil) to Dec. 2023 (€5,592 Mil).

Fortum Oyj Retained Earnings Historical Data

The historical data trend for Fortum Oyj'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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Fortum Oyj Retained Earnings Chart

Fortum Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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9,982.00

10,149.00

10,062.00

6,467.00

5,592.00

Fortum Oyj 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															6,918.00	4,946.00	5,167.00	5,592.00	5,047.00

Fortum Oyj 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.

Fortum Oyj (FRA:FOT) 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.

Fortum Oyj (FRA:FOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Fortum Oyj (FRA:FOT) » Definitions » Retained Earnings

Traded in Other Exchanges

FOJCY:USA FOJCF:USA FORTUM:Mexico 1FORT:Italy FORTMh:UK 0HAH:UK FORTUM:Finland FOT0:Germany

Address

Keilalahdentie 2-4, CD Building, P.O. Box 100, Espoo, FIN, FI-00048

Website

https://www.fortum.com

Fortum Oyj is a Finnish energy company that operates power plants, which use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, City Solutions, Consumer Solutions, Russia, and Other.

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