Okea ASA (OSL:OKEA) Retained Earnings : kr-773 Mil (As of Mar. 2024)

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What is Okea ASA Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Okea ASA's retained earnings for the quarter that ended in Mar. 2024 was kr-773 Mil.

Okea ASA's quarterly retained earnings declined from Sep. 2023 (kr645 Mil) to Dec. 2023 (kr-723 Mil) and declined from Dec. 2023 (kr-723 Mil) to Mar. 2024 (kr-773 Mil).

Okea ASA's annual retained earnings increased from Dec. 2021 (kr-249 Mil) to Dec. 2022 (kr421 Mil) but then declined from Dec. 2022 (kr421 Mil) to Dec. 2023 (kr-723 Mil).

Okea ASA Retained Earnings Historical Data

The historical data trend for Okea ASA'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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Okea ASA Retained Earnings Chart

Okea ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-248.09

-851.33

-248.53

421.19

-723.38

Okea ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial															647.32	716.20	644.68	-723.38	-772.81

Okea ASA 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.

Okea ASA (OSL:OKEA) 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.

Okea ASA (OSL:OKEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Okea ASA (OSL:OKEA) » Definitions » Retained Earnings

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Traded in Other Exchanges

OKEA:Sweden OKEAo:UK 3SX:Germany

Address

Kongens Gate 8, Trondheim, NOR, 7011

Website

https://www.okea.no

Okea ASA is an independent oil producer. The company's only reportable segment is the development and production of oil and gas on the Norwegian Continental Shelf. Its operation includes Draugen Field, Gjoa Field, Ivar Aasen, Grevling and Yme.

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