NOEC (New Oriental Energy & Chemical) Retained Earnings: $-11.70 Mil (As of Dec. 2010)

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What is New Oriental Energy & Chemical Retained Earnings?

New Oriental Energy & Chemical NOEC -99.00% Retained Earnings is $-11.70 Mil as of Dec. 2010.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. New Oriental Energy & Chemical's retained earnings for the quarter that ended in Dec. 2010 was $-11.70 Mil.

New Oriental Energy & Chemical's quarterly retained earnings declined from Jun. 2010 ($-8.50 Mil) to Sep. 2010 ($-9.22 Mil) and declined from Sep. 2010 ($-9.22 Mil) to Dec. 2010 ($-11.70 Mil).

New Oriental Energy & Chemical's annual retained earnings declined from Mar. 2008 ($10.63 Mil) to Mar. 2009 ($6.90 Mil) and declined from Mar. 2009 ($6.90 Mil) to Mar. 2010 ($-5.90 Mil).

New Oriental Energy & Chemical  (OTCPK:NOEC) 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.

New Oriental Energy & Chemical Retained Earnings Historical Data

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The historical data trend for New Oriental Energy & Chemical'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.

New Oriental Energy & Chemical Retained Earnings Chart

New Oriental Energy & Chemical Annual Data
Trend Dec05 Mar07 Mar08 Mar09 Mar10
Retained Earnings
-0.08 6.56 10.63 6.90 -5.90

New Oriental Energy & Chemical Quarterly Data
Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10
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 -1.04 -5.90 -8.50 -9.22 -11.70

New Oriental Energy & Chemical 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.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of $-11.70 Mil mean?
New Oriental Energy & Chemical (NOEC) has a Retained Earnings of $-11.70 Mil as of Dec. 2010. Retained earnings is the amount of net income not issued to shareholders. View historical data on New Oriental Energy & Chemical and its competitors.
Is New Oriental Energy & Chemical's Retained Earnings too high?
New Oriental Energy & Chemical's current Retained Earnings is $-11.70 Mil.
How does New Oriental Energy & Chemical's Retained Earnings compare to RTKHQ and LBTD?
New Oriental Energy & Chemical's Retained Earnings of $-11.70 Mil can be compared against companies in the Agriculture industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Agriculture company?
A good Retained Earnings depends on the Agriculture industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on New Oriental Energy & Chemical and its competitors. New Oriental Energy & Chemical's current Retained Earnings is $-11.70 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Oriental Energy & Chemical stock overvalued right now?
New Oriental Energy & Chemical (NOEC) has a current Retained Earnings of $-11.70 Mil. The current Retained Earnings is $-11.70 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For New Oriental Energy & Chemical (NOEC), the current Retained Earnings is $-11.70 Mil as of Dec. 2010. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

New Oriental Energy & Chemical Business Description

Address Xicheng Industrial Zone of Luoshan, Xinyang, Henan Province, CHN, 464200
New Oriental Energy & Chemical Corporation, through its subsidiary, is engaged in the manufacture and distribution of fertilizer and chemical products in the People's Republic of China.