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Global Financial Investments HoldingOG (MUS:GFIC) Retained Earnings : ر.ع7.48 Mil (As of Dec. 2023)


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What is Global Financial Investments HoldingOG Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Global Financial Investments HoldingOG's retained earnings for the quarter that ended in Dec. 2023 was ر.ع7.48 Mil.

Global Financial Investments HoldingOG's quarterly retained earnings declined from Jun. 2023 (ر.ع7.42 Mil) to Sep. 2023 (ر.ع7.20 Mil) but then increased from Sep. 2023 (ر.ع7.20 Mil) to Dec. 2023 (ر.ع7.48 Mil).

Global Financial Investments HoldingOG's annual retained earnings increased from Dec. 2021 (ر.ع5.46 Mil) to Dec. 2022 (ر.ع6.50 Mil) and increased from Dec. 2022 (ر.ع6.50 Mil) to Dec. 2023 (ر.ع7.48 Mil).


Global Financial Investments HoldingOG Retained Earnings Historical Data

The historical data trend for Global Financial Investments HoldingOG'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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Global Financial Investments HoldingOG Retained Earnings Chart

Global Financial Investments HoldingOG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.90 4.80 5.46 6.50 7.48

Global Financial Investments HoldingOG Quarterly Data
Sep18 Dec18 Jun19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 6.50 7.10 7.42 7.20 7.48

Global Financial Investments HoldingOG 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.


Global Financial Investments HoldingOG  (MUS:GFIC) 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.


Global Financial Investments HoldingOG Business Description

Traded in Other Exchanges
N/A
Address
P.O Box 978, Muscat, OMN, 113
Global Financial Investments Holding SAOG through its subsidiaries is engaged in brokerage, investment consultancy services, educational and training services, logistic services, leasing and financing services, manufacturing of aluminum products, and production and manufacturing of industrial gas. Its principal activity includes Brokerage and Investment, Educational and Training, and the majority of its revenue is derived from Educational and Training. Its group operates in two principal geographical areas the Sultanate of Oman and the United Arab Emirates out of which the Sultanate of Oman contributes the majority of total revenue.

Global Financial Investments HoldingOG Headlines

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