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Oman Chromite CoOG (MUS:OCCI) Retained Earnings : ر.ع2.12 Mil (As of Dec. 2024)


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What is Oman Chromite CoOG Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Oman Chromite CoOG's retained earnings for the quarter that ended in Dec. 2024 was ر.ع2.12 Mil.

Oman Chromite CoOG's quarterly retained earnings declined from Dec. 2023 (ر.ع1.81 Mil) to Mar. 2024 (ر.ع1.46 Mil) but then increased from Mar. 2024 (ر.ع1.46 Mil) to Dec. 2024 (ر.ع2.12 Mil).

Oman Chromite CoOG's annual retained earnings increased from Dec. 2022 (ر.ع0.95 Mil) to Dec. 2023 (ر.ع1.81 Mil) and increased from Dec. 2023 (ر.ع1.81 Mil) to Dec. 2024 (ر.ع2.12 Mil).


Oman Chromite CoOG Retained Earnings Historical Data

The historical data trend for Oman Chromite CoOG'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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Oman Chromite CoOG Retained Earnings Chart

Oman Chromite CoOG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.63 -0.30 0.95 1.81 2.12

Oman Chromite CoOG Quarterly Data
Sep17 Dec17 Mar18 Dec18 Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Dec24
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 1.73 1.85 1.81 1.46 2.12

Oman Chromite CoOG 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.


Oman Chromite CoOG  (MUS:OCCI) 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.


Oman Chromite CoOG Business Description

Traded in Other Exchanges
N/A
Address
NBO Building, 2nd Floor, Sohar, OMN
Oman Chromite Co SAOG is engaged in the business of mining and marketing of chromite ore. The company extracts two types of chrome ore, namely metallic and refractory ore available from the mines in the north of the Sultanate. The company's products include Metallurgical grade ore and Refractory grade ore. Geographically presence in GCC (Oman), East Asia, Europe, South Africa, and Others.