Scatec ASA (OSL:SCATC) Retained Earnings : kr-2,027 Mil (As of Mar. 2024)

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What is Scatec ASA Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Scatec ASA's retained earnings for the quarter that ended in Mar. 2024 was kr-2,027 Mil.

Scatec ASA's quarterly retained earnings increased from Sep. 2023 (kr-2,356 Mil) to Dec. 2023 (kr-1,911 Mil) but then declined from Dec. 2023 (kr-1,911 Mil) to Mar. 2024 (kr-2,027 Mil).

Scatec ASA's annual retained earnings declined from Dec. 2021 (kr-493 Mil) to Dec. 2022 (kr-2,231 Mil) but then increased from Dec. 2022 (kr-2,231 Mil) to Dec. 2023 (kr-1,911 Mil).

Scatec ASA Retained Earnings Historical Data

The historical data trend for Scatec 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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Scatec ASA Retained Earnings Chart

Scatec ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-134.00

-708.00

-493.00

-2,231.00

-1,911.00

Scatec 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															-2,394.00	-2,401.00	-2,356.00	-1,911.00	-2,027.00

Scatec 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.

Scatec ASA (OSL:SCATC) 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.

Scatec ASA (OSL:SCATC) Business Description

Industry

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SSOo:Sweden SCATCo:UK 0R3I:UK 66T:Germany

Address

Askekroken 11, Oslo, NOR, NO-0277

Website

https://www.scatec.com

Scatec ASA is an independent solar power producer, delivering an affordable and sustainable source of clean energy worldwide. The business activity functions through Power Production (PP), Services, and Development and Construction (D&C), and Corporate. The PP segment comprises the Kalkbult and Linde plants in South Africa, the ASYV plant in Rwanda, and four plants in the Czech Republic. Its geographical segments are South Africa, Egypt, Malaysia, Honduras, Jordan, Czech Republic, Mozambique, Ukraine, Netherlands, Rwanda and Others.

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