Odel (COL:ODEL.N0000) Retained Earnings : රු-11,348 Mil (As of Dec. 2024)

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What is Odel Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Odel's retained earnings for the quarter that ended in Dec. 2024 was රු-11,348 Mil.

Odel's quarterly retained earnings declined from Jun. 2024 (රු-8,447 Mil) to Sep. 2024 (රු-10,466 Mil) and declined from Sep. 2024 (රු-10,466 Mil) to Dec. 2024 (රු-11,348 Mil).

Odel's annual retained earnings declined from Mar. 2022 (රු-1,809 Mil) to Mar. 2023 (රු-4,020 Mil) and declined from Mar. 2023 (රු-4,020 Mil) to Mar. 2024 (රු-8,238 Mil).

Odel Retained Earnings Historical Data

The historical data trend for Odel'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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Odel Retained Earnings Chart

Odel Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Retained Earnings

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1,243.43

-451.37

-1,808.89

-4,019.58

-8,237.61

Odel Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Retained Earnings	Get a 7-Day Free Trial															-6,419.58	-8,237.61	-8,447.22	-10,466.30	-11,347.56

Odel 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.

Odel (COL:ODEL.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.

Odel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Odel PLC (COL:ODEL.N0000) » Definitions » Retained Earnings

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Address

No.475/32, Kotte Road, Rajagiriya, LKA

Website

https://www.odel.lk

Odel PLC and its subsidiaries are involved in fashion retail activities, letting retail spaces, manufacturing and supplying garments, retail business, holding properties for capital appreciation, providing information technology infrastructure and maintenance services, and importing and retailing branded apparel. It operates in two segments: Fashion Retailing, which generates the majority of revenue; and Investment Property. The Fashion Retailing Segment offers various fashion-related clothing, accessories, sportwear, footwear etc., to a wide range of customers. Geographically the company caters only to the Sri Lankan market.

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