Pan Asia (ASX:PZC) Retained Earnings : A$-62.93 Mil (As of Dec. 2017)

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What is Pan Asia Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Pan Asia's retained earnings for the quarter that ended in Dec. 2017 was A$-62.93 Mil.

Pan Asia's quarterly retained earnings declined from Dec. 2016 (A$-50.21 Mil) to Jun. 2017 (A$-61.67 Mil) and declined from Jun. 2017 (A$-61.67 Mil) to Dec. 2017 (A$-62.93 Mil).

Pan Asia's annual retained earnings declined from Jun. 2016 (A$-50.02 Mil) to Jun. 2017 (A$-61.67 Mil) and declined from Jun. 2017 (A$-61.67 Mil) to Jun. 2018 (A$-63.09 Mil).

Pan Asia Retained Earnings Historical Data

The historical data trend for Pan Asia'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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Pan Asia Retained Earnings Chart

Pan Asia Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Retained Earnings

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-48.54

-49.36

-50.02

-61.67

-63.09

Pan Asia Semi-Annual Data
	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
Retained Earnings	Get a 7-Day Free Trial															-50.02	-50.21	-61.67	-62.93	-63.09

Pan Asia 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.

Pan Asia (ASX:PZC) 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.

Pan Asia (ASX:PZC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Pan Asia Corp Ltd (ASX:PZC) » Definitions » Retained Earnings

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Address

311-313 Hay Street, Subiaco, WA, AUS, 6008

Website

http://www.panasiacorp.com.au

Pan Asia Corp Ltd explores diversified energy resources mainly coal. The principal activities of the company are coal exploration and development in Indonesia. Its project includes PT Transcoal Minergy Project in South Kalimantan, Indonesia. Geographically the company operates in Australia and Indonesia.