DOF ASA (LTS:0HMM) Retained Earnings : kr1,420 Mil (As of Jun. 2023)

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What is DOF ASA Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. DOF ASA's retained earnings for the quarter that ended in Jun. 2023 was kr1,420 Mil.

DOF ASA's quarterly retained earnings increased from Dec. 2022 (kr-74 Mil) to Mar. 2023 (kr154 Mil) and increased from Mar. 2023 (kr154 Mil) to Jun. 2023 (kr1,420 Mil).

DOF ASA's annual retained earnings declined from Dec. 2020 (kr-864 Mil) to Dec. 2021 (kr-1,396 Mil) but then increased from Dec. 2021 (kr-1,396 Mil) to Dec. 2022 (kr-74 Mil).

DOF ASA Retained Earnings Historical Data

The historical data trend for DOF ASA'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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DOF ASA Retained Earnings Chart

DOF ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Retained Earnings

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48.00

-864.00

-1,396.00

-74.00

DOF ASA Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Retained Earnings	Get a 7-Day Free Trial															-2,523.00	-2,706.00	-74.00	154.00	1,420.00

DOF ASA 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.

DOF ASA (LTS:0HMM) 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.

DOF ASA (LTS:0HMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DOF ASA (LTS:0HMM) » Definitions » Retained Earnings

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Address

Alfabygget, Storebo, Austevoll, NOR, 5392

Website

https://www.dof.com

DOF ASA is active in the oil and gas markets. The company consists of team of skilled professionals who, combined with a fleet of state-of-the-art, purpose-built vessels, provide services to the Oil and Gas industry across the entire offshore life cycle. Its core businesses are vessel ownership, vessel management, project management, engineering, vessel operations, survey, remote intervention, and diving operations. It operates in three segments: Platform Supply Vessels (PSV), Anchor Handling Tug Supply vessels (AHTS), and Subsea (Subsea vessel and subsea engineering). The Subsea segment derives the majority of its revenue. Its geographical segments are Brazil, the United Kingdom, Norway, Australia, Canada, Singapore, the United States, the Philippines, Argentina, Angola, and others.

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