Rubis SCA (FRA:BYNN) Retained Earnings : €948 Mil (As of Dec. 2023)

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What is Rubis SCA Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Rubis SCA's retained earnings for the quarter that ended in Dec. 2023 was €948 Mil.

Rubis SCA's quarterly retained earnings stayed the same from Dec. 2022 (€0 Mil) to Jun. 2023 (€0 Mil) but then increased from Jun. 2023 (€0 Mil) to Dec. 2023 (€948 Mil).

Rubis SCA's annual retained earnings declined from Dec. 2021 (€941 Mil) to Dec. 2022 (€0 Mil) but then increased from Dec. 2022 (€0 Mil) to Dec. 2023 (€948 Mil).

Rubis SCA Retained Earnings Historical Data

The historical data trend for Rubis SCA'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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Rubis SCA Retained Earnings Chart

Rubis SCA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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841.73

777.61

941.25

948.45

Rubis SCA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial															941.25	1,066.12	-	-	948.45

Rubis SCA 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.

Rubis SCA (FRA:BYNN) 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.

Rubis SCA (FRA:BYNN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Rubis SCA (FRA:BYNN) » Definitions » Retained Earnings

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RUBSF:USA RBSFY:USA RUIp:UK 0RTS:UK RUI:France

Address

46, rue Boissiere, Paris, FRA, 75116

Website

https://www.rubis.fr

Rubis SCA specializes in bulk liquid storage and the distribution of petroleum products. The company operated businesses are, Rubis Terminal, Rubis Energie, and Rubis Support and Services. Rubis Terminal stores and trades petroleum products, fertilizers, chemical products and agrifood product. Its customers include energy and chemical groups, energy traders, and hypermarkets. Rubis Energie engages in the trading and distribution of liquefied petroleum gas (LPG) and petroleum products. The company derives a majority of its total revenue from the activities of Rubis Energie segment. Geographically, the group operates in Europe, the Caribbean and Africa.

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