Viva Energy Group (ASX:VEA) Retained Earnings : A$1,994 Mil (As of Dec. 2023)

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What is Viva Energy Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Viva Energy Group's retained earnings for the quarter that ended in Dec. 2023 was A$1,994 Mil.

Viva Energy Group's quarterly retained earnings declined from Dec. 2022 (A$2,327 Mil) to Jun. 2023 (A$2,043 Mil) and declined from Jun. 2023 (A$2,043 Mil) to Dec. 2023 (A$1,994 Mil).

Viva Energy Group's annual retained earnings increased from Dec. 2021 (A$2,074 Mil) to Dec. 2022 (A$2,327 Mil) but then declined from Dec. 2022 (A$2,327 Mil) to Dec. 2023 (A$1,994 Mil).

Viva Energy Group Retained Earnings Historical Data

The historical data trend for Viva Energy Group'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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Viva Energy Group Retained Earnings Chart

Viva Energy Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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2,123.30

1,906.60

2,073.80

2,326.60

1,993.90

Viva Energy Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial							2,073.80	2,545.20	2,326.60	2,043.30	1,993.90

Viva Energy Group 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.

Viva Energy Group (ASX:VEA) 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.

Viva Energy Group (ASX:VEA) Business Description

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2AH:Germany

Address

720 Bourke Street, Level 16, Docklands, Melbourne, VIC, AUS, 3008

Website

https://www.vivaenergy.com.au

Viva is Australia's second-largest vertically integrated refined transport fuel supplier. We rate Viva as the second-most-significant pipeline owner, and at approximately 1,155 locations, Viva supplies the third-largest number of retail sites in Australia behind Ampol at approximately 1,985 and BP at 1,400.Vitol bought Shell's Australian downstream operations in 2014, and renamed them Viva Energy. Viva subsequently bought Shell's Australian aviation operations and a 50% investment in Liberty Oil. In 2016, Viva sold (and leased back) a portfolio of its retail sites to Viva Energy REIT and listed Viva Energy REIT on the ASX. It has since sold its entire REIT stake for AUD 734 million.