Boom Logistics (ASX:BOL) Retained Earnings : A$-204.6 Mil (As of Dec. 2023)

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What is Boom Logistics Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Boom Logistics's retained earnings for the quarter that ended in Dec. 2023 was A$-204.6 Mil.

Boom Logistics's quarterly retained earnings declined from Dec. 2022 (A$-202.5 Mil) to Jun. 2023 (A$-208.4 Mil) but then increased from Jun. 2023 (A$-208.4 Mil) to Dec. 2023 (A$-204.6 Mil).

Boom Logistics's annual retained earnings declined from Jun. 2021 (A$-200.6 Mil) to Jun. 2022 (A$-203.2 Mil) and declined from Jun. 2022 (A$-203.2 Mil) to Jun. 2023 (A$-208.4 Mil).

Boom Logistics Retained Earnings Historical Data

The historical data trend for Boom Logistics'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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Boom Logistics Retained Earnings Chart

Boom Logistics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Retained Earnings

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-180.60

-197.56

-200.61

-203.23

-208.40

Boom Logistics 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															-201.99	-203.23	-202.45	-208.40	-204.57

Boom Logistics 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.

Boom Logistics (ASX:BOL) 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.

Boom Logistics (ASX:BOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Boom Logistics Ltd (ASX:BOL) » Definitions » Retained Earnings

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GJY:Germany

Address

55 Southbank Boulevard, Suite B Level 1, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.boomlogistics.com.au

Boom Logistics Ltd is a national industrial services group that provides total lifting solutions, short-term or long-term crane hire, right across Australia. The company has two operating segments, namely, "Lifting Solutions", which provides all lifting activities including the provision of cranes, travel towers, access equipment, and all associated services; and "Labour Hire", which includes the provision of skilled labour with a wide range of trades, such as, electricians, boilermakers, mechanics, plus the traditional crane and travel tower operators, riggers, truck drivers. The company earns majority revenue from the Lifting Solutions segment.

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