Laugfs Gas (COL:LGL.N0000) Retained Earnings : රු-2,736 Mil (As of Dec. 2023)

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What is Laugfs Gas Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Laugfs Gas's retained earnings for the quarter that ended in Dec. 2023 was රු-2,736 Mil.

Laugfs Gas's quarterly retained earnings increased from Jun. 2023 (රු-3,718 Mil) to Sep. 2023 (රු-2,613 Mil) but then declined from Sep. 2023 (රු-2,613 Mil) to Dec. 2023 (රු-2,736 Mil).

Laugfs Gas's annual retained earnings declined from Mar. 2021 (රු-3,192 Mil) to Mar. 2022 (රු-7,131 Mil) but then increased from Mar. 2022 (රු-7,131 Mil) to Mar. 2023 (රු-3,185 Mil).

Laugfs Gas Retained Earnings Historical Data

The historical data trend for Laugfs Gas'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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Laugfs Gas Retained Earnings Chart

Laugfs Gas Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Retained Earnings

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-678.04

-2,335.61

-3,191.95

-7,131.21

-3,184.74

Laugfs Gas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-3,594.61	-3,184.74	-3,717.91	-2,613.44	-2,735.86

Laugfs Gas 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.

Laugfs Gas (COL:LGL.N0000) 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.

Laugfs Gas (COL:LGL.N0000) Business Description

Industry

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LGL.X0000:Sri Lanka

Address

No. 101, Maya Avenue, Colombo, LKA, 06

Website

https://www.laugfsgas.lk

Laugfs Gas PLC is engaged in the sale of liquefied petroleum gas. The company offers LPG for industrial, commercial and domestic purposes in Sri Lanka. It operates through the following business segments: Energy, Property, and Transportation & Logistics segment. It generates the majority of revenue from the Energy segment. The energy segment includes the Selling of Liquefied Petroleum Gas and other related products. The property segment includes the Operation of a commercial property given on rent at Kirullapone. Transportation & Logistics segment includes the Operation of vessels and providing marine cargo services and the Operation of an LPG storage terminal. Geographically it operates in Sri Lanka and Bangladesh, out of which the majority is from Sri Lanka.

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