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Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) Retained Earnings : KWD23.09 Mil (As of Sep. 2024)


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What is Burgan Company for Well Drilling Trading and MaintenanceK Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Burgan Company for Well Drilling Trading and MaintenanceK's retained earnings for the quarter that ended in Sep. 2024 was KWD23.09 Mil.

Burgan Company for Well Drilling Trading and MaintenanceK's quarterly retained earnings increased from Mar. 2024 (KWD22.69 Mil) to Jun. 2024 (KWD23.40 Mil) but then declined from Jun. 2024 (KWD23.40 Mil) to Sep. 2024 (KWD23.09 Mil).

Burgan Company for Well Drilling Trading and MaintenanceK's annual retained earnings increased from Mar. 2022 (KWD19.47 Mil) to Mar. 2023 (KWD20.20 Mil) and increased from Mar. 2023 (KWD20.20 Mil) to Mar. 2024 (KWD22.69 Mil).


Burgan Company for Well Drilling Trading and MaintenanceK Retained Earnings Historical Data

The historical data trend for Burgan Company for Well Drilling Trading and MaintenanceK'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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Burgan Company for Well Drilling Trading and MaintenanceK Retained Earnings Chart

Burgan Company for Well Drilling Trading and MaintenanceK Annual Data
Trend Mar13 Mar14 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.62 18.53 19.47 20.20 22.69

Burgan Company for Well Drilling Trading and MaintenanceK Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 21.74 22.26 22.69 23.40 23.09

Burgan Company for Well Drilling Trading and MaintenanceK 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.


Burgan Company for Well Drilling Trading and MaintenanceK  (KUW:ABAR) 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.


Burgan Company for Well Drilling Trading and MaintenanceK Business Description

Traded in Other Exchanges
N/A
Address
Al-Ahmadi, Street 306, Al Fahaheel, Block 3, P.O. Box 47143, West Industrial Shuaiba, Kuwait, KWT, 64022
Burgan Company for Well Drilling Trading and Maintenance SAK provides drilling, exploration, and maintenance services for oil and gas companies. The company offers development and exploratory services, as well as drilling and maintenance of oil and gas wells in Kuwait and internationally with the approval of the Ministry of Oil. It also establishes, participates in, or acquires affiliates as outlined in its Memorandum of Incorporation. Additionally, the company invests its financial surpluses in portfolios managed by specialized entities. Burgan Company serves its clients by drilling deep, medium, and shallow wells, as well as performing workover operations. Its primary operating segment is oil and gas well services.

Burgan Company for Well Drilling Trading and MaintenanceK Headlines

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