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Gulf Navigation Holding PJSC (DFM:GULFNAV) Retained Earnings : د.إ-14.05 Mil (As of Mar. 2024)


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What is Gulf Navigation Holding PJSC Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Gulf Navigation Holding PJSC's retained earnings for the quarter that ended in Mar. 2024 was د.إ-14.05 Mil.

Gulf Navigation Holding PJSC's quarterly retained earnings declined from Sep. 2023 (د.إ12.94 Mil) to Dec. 2023 (د.إ-2.57 Mil) and declined from Dec. 2023 (د.إ-2.57 Mil) to Mar. 2024 (د.إ-14.05 Mil).

Gulf Navigation Holding PJSC's annual retained earnings declined from Dec. 2021 (د.إ-671.54 Mil) to Dec. 2022 (د.إ-679.16 Mil) but then increased from Dec. 2022 (د.إ-679.16 Mil) to Dec. 2023 (د.إ-2.57 Mil).


Gulf Navigation Holding PJSC Retained Earnings Historical Data

The historical data trend for Gulf Navigation Holding PJSC'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.

* Premium members only.

Gulf Navigation Holding PJSC Retained Earnings Chart

Gulf Navigation Holding PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -445.20 -729.66 -671.54 -679.16 -2.57

Gulf Navigation Holding PJSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -665.66 6.07 12.94 -2.57 -14.05

Gulf Navigation Holding PJSC 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.


Gulf Navigation Holding PJSC  (DFM:GULFNAV) 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.


Gulf Navigation Holding PJSC (DFM:GULFNAV) Business Description

Traded in Other Exchanges
N/A
Address
Al Barsha 1, P.O. Box: 49651, 39th Floor, API Trio Tower, Dubai, ARE
Gulf Navigation Holding PJSC is engaged in sea transport of oil and petroleum products and similar commodities, ship charter, and others. Its business segments include Vessel owning and chartering Ship management and technical management of vessels Marine products sales, and distribution that includes trading of goods such as supplies, chemicals, and gases required for ships, Shipping and technical service including providing agency services to ships calling at ports, and providing workshop services for boats, and Others that includes management of all divisions and administrative activities. The majority of the revenue is generated from the Vessel owning and chartering segment.

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