Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Phoenix Petroleum Philippines's retained earnings for the quarter that ended in Sep. 2023 was ₱-5,227 Mil.
Phoenix Petroleum Philippines's quarterly retained earnings
declined
from Mar. 2023 (₱-2,508 Mil) to Jun. 2023 (₱-3,606 Mil) and
declined
from Jun. 2023 (₱-3,606 Mil) to Sep. 2023 (₱-5,227 Mil).
Phoenix Petroleum Philippines's annual retained earnings
declined
from Dec. 2020 (₱3,918 Mil) to Dec. 2021 (₱2,446 Mil) and
declined
from Dec. 2021 (₱2,446 Mil) to Dec. 2022 (₱-1,545 Mil).
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.
Phoenix Petroleum Philippines Retained Earnings Historical Data
* 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.
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.
What does a Retained Earnings of ₱-5,227 Mil mean?
Phoenix Petroleum Philippines (PHS:PNX) has a Retained Earnings of ₱-5,227 Mil as of Sep. 2023. Retained earnings is the amount of net income not issued to shareholders. View historical data on Phoenix Petroleum Philippines and its competitors.
Is Phoenix Petroleum Philippines' Retained Earnings too high?
Phoenix Petroleum Philippines' current Retained Earnings is ₱-5,227 Mil. Overall, Phoenix Petroleum Philippines has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Phoenix Petroleum Philippines' Retained Earnings compare to MPC and PSX?
Phoenix Petroleum Philippines' Retained Earnings of ₱-5,227 Mil can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Retained Earnings depends on the Oil & Gas 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 Phoenix Petroleum Philippines and its competitors. Phoenix Petroleum Philippines's current Retained Earnings is ₱-5,227 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phoenix Petroleum Philippines stock overvalued right now?
Phoenix Petroleum Philippines (PHS:PNX) has a current Retained Earnings of ₱-5,227 Mil. The current Retained Earnings is ₱-5,227 Mil. Phoenix Petroleum Philippines' overall GF Score™ is 4/100. 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 Phoenix Petroleum Philippines (PHS:PNX), the current Retained Earnings is ₱-5,227 Mil as of Sep. 2023. 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.
Phoenix Petroleum Philippines Business Description
Phoenix Petroleum Philippines Inc is a Philippines-based company. Its segments include Trading, which is the key revenue driver, engaged in marketing, merchandising, purchasing, selling, dealing, acquiring, disposing, and distribution of goods and wares such as petroleum products (on a wholesale basis), adhesives, glues, bonding agents, epoxy resins, lubricants, and other products; Depot and logistics services engaged in operating oil depots, storage facilities and provides logistics services to various entities; and Real estate involved in real estate development, management, and operations. Geographically, the company operates in the Philippines, Singapore, and Vietnam. The majority of its revenue is generated from Singapore.
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