Nobleoak Life (ASX:NOL) Retained Earnings : A$-31.1 Mil (As of Dec. 2023)

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What is Nobleoak Life Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Nobleoak Life's retained earnings for the quarter that ended in Dec. 2023 was A$-31.1 Mil.

Nobleoak Life's quarterly retained earnings increased from Dec. 2022 (A$19.4 Mil) to Jun. 2023 (A$22.8 Mil) but then declined from Jun. 2023 (A$22.8 Mil) to Dec. 2023 (A$-31.1 Mil).

Nobleoak Life's annual retained earnings increased from . 20 (A$0.0 Mil) to Jun. 2022 (A$14.8 Mil) and increased from Jun. 2022 (A$14.8 Mil) to Jun. 2023 (A$22.8 Mil).

Nobleoak Life Retained Earnings Historical Data

The historical data trend for Nobleoak Life'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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Nobleoak Life Retained Earnings Chart

Nobleoak Life Annual Data

Trend

Jun22

Jun23

Retained Earnings

14.83

22.82

Nobleoak Life Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial			15.12	14.83	19.42	22.82	-31.14

Nobleoak Life 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.

Nobleoak Life (ASX:NOL) 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.

Nobleoak Life (ASX:NOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Nobleoak Life Ltd (ASX:NOL) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

44 Market Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://www.nobleoak.com.au

Nobleoak Life Ltd is a registered friendly society providing life insurance. Its insurance options include Life Insurance, Income Protection Insurance, Trauma Insurance, TPD Insurance, and Business Expenses Insurance. The company's segment includes Direct; Strategic Partnerships and Genus. It generates maximum revenue from the Direct segment.

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