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Shelf Drilling (North Sea) (OSL:SDNS) Retained Earnings : kr-372 Mil (As of Mar. 2024)


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What is Shelf Drilling (North Sea) Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Shelf Drilling (North Sea)'s retained earnings for the quarter that ended in Mar. 2024 was kr-372 Mil.

Shelf Drilling (North Sea)'s quarterly retained earnings declined from Sep. 2023 (kr-39 Mil) to Dec. 2023 (kr-155 Mil) and declined from Dec. 2023 (kr-155 Mil) to Mar. 2024 (kr-372 Mil).

Shelf Drilling (North Sea)'s annual retained earnings increased from Dec. 2021 (kr-0 Mil) to Dec. 2022 (kr92 Mil) but then declined from Dec. 2022 (kr92 Mil) to Dec. 2023 (kr-155 Mil).


Shelf Drilling (North Sea) Retained Earnings Historical Data

The historical data trend for Shelf Drilling (North Sea)'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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Shelf Drilling (North Sea) Retained Earnings Chart

Shelf Drilling (North Sea) Annual Data
Trend Dec21 Dec22 Dec23
Retained Earnings
-0.05 91.74 -155.08

Shelf Drilling (North Sea) Quarterly Data
Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 72.67 26.99 -38.61 -155.08 -372.49

Shelf Drilling (North Sea) 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.


Shelf Drilling (North Sea)  (OSL:SDNS) 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.


Shelf Drilling (North Sea) (OSL:SDNS) Business Description

Traded in Other Exchanges
N/A
Address
Lakes Towers, JLT, Floor 12, P.O. Box 212201, Jumeirah, Dubai, ARE
Shelf Drilling (North Sea) Ltd is a shallow-water offshore drilling contractor operating primarily in the North Sea. It is engaged in the provision of equipment and services for the drilling, completion and well maintenance of shallow water offshore oil and natural gas wells. The Group is primarily engaged in development and workover activity on producing assets, with a focus on shallow water operations in water depths of up to 500 feet.

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