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Akobo Minerals AB (OSL:AKOBO) Retained Earnings : kr-390.11 Mil (As of Dec. 2024)


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What is Akobo Minerals AB Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Akobo Minerals AB's retained earnings for the quarter that ended in Dec. 2024 was kr-390.11 Mil.

Akobo Minerals AB's quarterly retained earnings declined from Jun. 2024 (kr-262.31 Mil) to Sep. 2024 (kr-351.78 Mil) and declined from Sep. 2024 (kr-351.78 Mil) to Dec. 2024 (kr-390.11 Mil).

Akobo Minerals AB's annual retained earnings declined from Dec. 2022 (kr-73.52 Mil) to Dec. 2023 (kr-239.11 Mil) and declined from Dec. 2023 (kr-239.11 Mil) to Dec. 2024 (kr-390.11 Mil).


Akobo Minerals AB Retained Earnings Historical Data

The historical data trend for Akobo Minerals AB'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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Akobo Minerals AB Retained Earnings Chart

Akobo Minerals AB Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Retained Earnings
Get a 7-Day Free Trial -36.31 -43.49 -73.52 -239.11 -390.11

Akobo Minerals AB Quarterly Data
Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24 Sep24 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 -166.26 -239.11 -262.31 -351.78 -390.11

Akobo Minerals AB 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.


Akobo Minerals AB  (OSL:AKOBO) 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.


Akobo Minerals AB Business Description

Traded in Other Exchanges
N/A
Address
Sodra Allegatan 13, Gothenburg, SWE, 413 01
Akobo Minerals AB is a Scandinavian gold exploration and mining company. The company focuses on developing the Segele gold deposit and the Joru gold deposit.

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