Akastor ASA (LTS:0IPT) Retained Earnings : kr0.0 Mil (As of Jun. 2024)

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What is Akastor ASA Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Akastor ASA's retained earnings for the quarter that ended in Jun. 2024 was kr0.0 Mil.

Akastor ASA's quarterly retained earnings declined from Dec. 2023 (kr2,267.0 Mil) to Mar. 2024 (kr0.0 Mil) but then stayed the same from Mar. 2024 (kr0.0 Mil) to Jun. 2024 (kr0.0 Mil).

Akastor ASA's annual retained earnings declined from Dec. 2021 (kr2,393.0 Mil) to Dec. 2022 (kr2,355.0 Mil) and declined from Dec. 2022 (kr2,355.0 Mil) to Dec. 2023 (kr2,267.0 Mil).

Akastor ASA Retained Earnings Historical Data

The historical data trend for Akastor 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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Akastor ASA Retained Earnings Chart

Akastor ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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2,415.00

1,808.00

2,393.00

2,355.00

2,267.00

Akastor ASA Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Retained Earnings	Get a 7-Day Free Trial															-	-	2,267.00	-	-

Akastor 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.

Akastor ASA (LTS:0IPT) 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.

Akastor ASA Business Description

Industry

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

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AKAO:Sweden AKAST:Norway KY7:Germany

Address

Oksenoyveien 10, Building B, Lysaker, NOR, 1366

Website

https://www.akastor.com

Akastor ASA is an oil-services investment company with a portfolio of industrial holdings, real estate, and other investments. Its portfolio includes drilling systems and lifecycle services supplier MHWirth, and vessel-based subsea well construction services. The company has a flexible mandate for active ownership and long-term value creation. Geographically the business presence of the group is seen across the region of Norway, Singapore, North America, South America, Australia, the Middle East, and other regions.

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