MISC Bhd (XKLS:3816) Retained Earnings

: RM19,496 Mil (As of Dec. 2023)

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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. MISC Bhd's retained earnings for the quarter that ended in Dec. 2023 was RM19,496 Mil.

MISC Bhd's quarterly retained earnings declined from Jun. 2023 (RM19,198 Mil) to Sep. 2023 (RM19,182 Mil) but then increased from Sep. 2023 (RM19,182 Mil) to Dec. 2023 (RM19,496 Mil).

MISC Bhd's annual retained earnings increased from Dec. 2021 (RM18,586 Mil) to Dec. 2022 (RM18,980 Mil) and increased from Dec. 2022 (RM18,980 Mil) to Dec. 2023 (RM19,496 Mil).

MISC Bhd Retained Earnings Historical Data

The historical data trend for MISC Bhd'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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MISC Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

19,743.95

18,227.85

18,586.08

18,979.81

19,496.38

MISC Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings																18,979.81	19,057.10	19,197.50	19,181.50	19,496.38

MISC Bhd 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.

MISC Bhd (XKLS:3816) 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.

MISC Bhd (XKLS:3816) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MISC Bhd (XKLS:3816) » Definitions » Retained Earnings

Traded in Other Exchanges

MIHDF:USA

Address

Jalan Sultan Hishamuddin, Level 25, Menara Dayabumi, Kuala Lumpur, SGR, MYS, 50050

Website

https://www.misc.com.my

MISC Bhd is a maritime logistics company domiciled in Malaysia. The company organizes itself into five segments; Gas Assets & Solutions segment includes the provision of liquefied natural gas (LNG) carrier services and non-conventional gas asset solutions, Petroleum & Product Shipping segment includes the provision of petroleum tanker and chemical tanker services, Offshore Business segment owns, lease, operation, and maintenance of offshore, floating, production, and offloading terminals, Marine & Heavy Engineering segment include marine repair, marine conversion, and engineering and construction works, and Others segment includes integrated marine services, port & terminal services, maritime education & training, and other diversified businesses.

MISC Bhd (XKLS:3816) Headlines

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