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Al Omaniya Financial ServicesOG (MUS:AOFS) Retained Earnings : ر.ع19.67 Mil (As of Dec. 2022)


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What is Al Omaniya Financial ServicesOG Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Al Omaniya Financial ServicesOG's retained earnings for the quarter that ended in Dec. 2022 was ر.ع19.67 Mil.

Al Omaniya Financial ServicesOG's quarterly retained earnings declined from Dec. 2020 (ر.ع19.66 Mil) to Dec. 2021 (ر.ع17.44 Mil) but then increased from Dec. 2021 (ر.ع17.44 Mil) to Dec. 2022 (ر.ع19.67 Mil).

Al Omaniya Financial ServicesOG's annual retained earnings declined from Dec. 2020 (ر.ع19.66 Mil) to Dec. 2021 (ر.ع17.44 Mil) but then increased from Dec. 2021 (ر.ع17.44 Mil) to Dec. 2022 (ر.ع19.67 Mil).


Al Omaniya Financial ServicesOG Retained Earnings Historical Data

The historical data trend for Al Omaniya Financial ServicesOG'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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Al Omaniya Financial ServicesOG Retained Earnings Chart

Al Omaniya Financial ServicesOG Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.06 19.74 19.66 17.44 19.67

Al Omaniya Financial ServicesOG Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
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 20.06 19.74 19.66 17.44 19.67

Al Omaniya Financial ServicesOG 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.


Al Omaniya Financial ServicesOG  (MUS:AOFS) 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.


Al Omaniya Financial ServicesOG (MUS:AOFS) Business Description

Traded in Other Exchanges
N/A
Address
Jibroo, P.O. Box 1087, Muscat, OMN, 114
Al Omaniya Financial Services SAOG is involved in capital markets that provide Corporate loans, Retail Asset Financing which provides specialized finance products for the self-employed, salaried individuals, transport operators, small and large businesses, and Micro Credit. The company is also involved in hire purchase and lease finance for motor vehicles and other assets, debt factoring, bill discounting, bridge loans, working capital loans, and project and construction loans.

Al Omaniya Financial ServicesOG (MUS:AOFS) Headlines

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