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PT Citra Nusantara Gemilang Tbk (ISX:CGAS) Retained Earnings : Rp2,771 Mil (As of Jun. 2023)


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What is PT Citra Nusantara Gemilang Tbk Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. PT Citra Nusantara Gemilang Tbk's retained earnings for the quarter that ended in Jun. 2023 was Rp2,771 Mil.

PT Citra Nusantara Gemilang Tbk's quarterly retained earnings increased from Jun. 2022 (Rp0 Mil) to Dec. 2022 (Rp64,502 Mil) but then declined from Dec. 2022 (Rp64,502 Mil) to Jun. 2023 (Rp2,771 Mil).

PT Citra Nusantara Gemilang Tbk's annual retained earnings increased from Dec. 2020 (Rp78,049 Mil) to Dec. 2021 (Rp80,040 Mil) but then declined from Dec. 2021 (Rp80,040 Mil) to Dec. 2022 (Rp64,502 Mil).


PT Citra Nusantara Gemilang Tbk Retained Earnings Historical Data

The historical data trend for PT Citra Nusantara Gemilang Tbk'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.

PT Citra Nusantara Gemilang Tbk Retained Earnings Chart

PT Citra Nusantara Gemilang Tbk Annual Data
Trend Dec20 Dec21 Dec22
Retained Earnings
78,049.40 80,039.96 64,501.78

PT Citra Nusantara Gemilang Tbk Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23
Retained Earnings 78,049.40 80,039.96 - 64,501.78 2,770.92

PT Citra Nusantara Gemilang Tbk 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.


PT Citra Nusantara Gemilang Tbk  (ISX:CGAS) 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.


PT Citra Nusantara Gemilang Tbk (ISX:CGAS) Business Description

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PT Citra Nusantara Gemilang Tbk is engaged in natural gas trading and distribution. It focuses on developing compressed natural gas (CNG) in Indonesia through natural gas trading and distribution business activities using transportation modes to areas that are not yet reached by gas pipeline networks with stable gas pressure. This natural gas is used for industrial, transportation, housing and private power plants that use gas as an energy source.

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