Corre Energy BV (DUB:CORRE) Retained Earnings : €-24.97 Mil (As of Jun. 2024)

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What is Corre Energy BV Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Corre Energy BV's retained earnings for the quarter that ended in Jun. 2024 was €-24.97 Mil.

Corre Energy BV's quarterly retained earnings increased from Jun. 2023 (€-43.14 Mil) to Dec. 2023 (€-27.24 Mil) and increased from Dec. 2023 (€-27.24 Mil) to Jun. 2024 (€-24.97 Mil).

Corre Energy BV's annual retained earnings declined from Dec. 2021 (€-3.25 Mil) to Dec. 2022 (€-33.47 Mil) but then increased from Dec. 2022 (€-33.47 Mil) to Dec. 2023 (€-27.24 Mil).

Corre Energy BV Retained Earnings Historical Data

The historical data trend for Corre Energy BV'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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Corre Energy BV Retained Earnings Chart

Corre Energy BV Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

-3.25

-33.47

-27.24

Corre Energy BV Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Retained Earnings	Get a 7-Day Free Trial				-19.85	-33.47	-43.14	-27.24	-24.97

Corre Energy BV 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.

Corre Energy BV (DUB:CORRE) 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.

Corre Energy BV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Corre Energy BV (DUB:CORRE) » Definitions » Retained Earnings

Traded in Other Exchanges

N/A

Address

Helperpark 278-3, Groningen, NLD, 9723 ZA

Website

https://www.corre.energy

Corre Energy BV is specialized in the development, construction, and operation of large-scale, underground renewable energy storage facilities. The group develops salt cavern energy storage facilities that use compressed air and hydrogen, and which enable mass energy storage for later use in offsetting the intermittent effects of renewable energy. It is also developing business activities in the production and sale of green energy.

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