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Eastern Province Cement Co (SAU:3080) Retained Earnings : ﷼531 Mil (As of Mar. 2024)


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What is Eastern Province Cement Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Eastern Province Cement Co's retained earnings for the quarter that ended in Mar. 2024 was ﷼531 Mil.

Eastern Province Cement Co's quarterly retained earnings increased from Sep. 2023 (﷼485 Mil) to Dec. 2023 (﷼535 Mil) but then declined from Dec. 2023 (﷼535 Mil) to Mar. 2024 (﷼531 Mil).

Eastern Province Cement Co's annual retained earnings declined from Dec. 2021 (﷼479 Mil) to Dec. 2022 (﷼475 Mil) but then increased from Dec. 2022 (﷼475 Mil) to Dec. 2023 (﷼535 Mil).


Eastern Province Cement Co Retained Earnings Historical Data

The historical data trend for Eastern Province Cement Co'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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Eastern Province Cement Co Retained Earnings Chart

Eastern Province Cement Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 535.22 623.44 479.46 475.28 535.31

Eastern Province Cement Co 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 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 Premium Member Only Premium Member Only Premium Member Only 444.85 496.18 485.47 535.31 530.55

Eastern Province Cement Co 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.


Eastern Province Cement Co  (SAU:3080) 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.


Eastern Province Cement Co (SAU:3080) Business Description

Traded in Other Exchanges
N/A
Address
King Fahd Road (Dammam - Khobar Highway), P.O. Box 4536, Dammam, SAU, 31412
Eastern Province Cement Co is engaged in producing different kinds of Building materials. It operates in two segments: Cement, which is into manufacturing and wholesale of ordinary cement, salt-resistant cement, and clinker cement; and Precast segment is into manufacturing of partitions, frames & prefabricated bui8ldings from prefabricated concrete. The cement segment accounts for the majority revenue of the company. Geographically it generates nearly all of its revenue from Saudi Arabia.

Eastern Province Cement Co (SAU:3080) Headlines

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