The Philodrill (PHS:OV) Retained Earnings : ₱965.6 Mil (As of Sep. 2024)

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What is The Philodrill Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. The Philodrill's retained earnings for the quarter that ended in Sep. 2024 was ₱965.6 Mil.

The Philodrill's quarterly retained earnings increased from Mar. 2024 (₱951.6 Mil) to Jun. 2024 (₱967.1 Mil) but then declined from Jun. 2024 (₱967.1 Mil) to Sep. 2024 (₱965.6 Mil).

The Philodrill's annual retained earnings declined from Dec. 2021 (₱1,309.1 Mil) to Dec. 2022 (₱969.8 Mil) and declined from Dec. 2022 (₱969.8 Mil) to Dec. 2023 (₱935.9 Mil).

The Philodrill Retained Earnings Historical Data

The historical data trend for The Philodrill'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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The Philodrill Retained Earnings Chart

The Philodrill Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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1,524.68

1,272.80

1,309.13

969.79

935.92

The Philodrill Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															1,000.78	935.92	951.61	967.09	965.55

The Philodrill 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.

The Philodrill (PHS:OV) 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.

The Philodrill Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » The Philodrill Corp (PHS:OV) » Definitions » Retained Earnings

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Address

125 Pioneer Street, 8th Floor, Quad Alpha Centrum Building, Mandaluyong, PHL, 1550

Website

https://www.philodrill.com

The Philodrill Corp is engaged in oil exploration and production. It is also an investment holding company with investments in financial services, mining, petroleum exploration and production, and property development. Its active petroleum projects cover production and exploration areas in offshore Palawan and onshore Mindoro under various service contracts with the Philippine government through the Department of Energy. The company's service contracts include SC6A - Octon Area, SC6B - Bonita Block, SC14B - Matinloc and SC14C1 - Galoc.

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