MOBI Industry Co (SAU:9517) Retained Earnings : ﷼27.5 Mil (As of Jun. 2024)

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What is MOBI Industry Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. MOBI Industry Co's retained earnings for the quarter that ended in Jun. 2024 was ﷼27.5 Mil.

MOBI Industry Co's quarterly retained earnings declined from Jun. 2023 (﷼30.6 Mil) to Dec. 2023 (﷼18.4 Mil) but then increased from Dec. 2023 (﷼18.4 Mil) to Jun. 2024 (﷼27.5 Mil).

MOBI Industry Co's annual retained earnings increased from Dec. 2021 (﷼4.5 Mil) to Dec. 2022 (﷼5.0 Mil) and increased from Dec. 2022 (﷼5.0 Mil) to Dec. 2023 (﷼18.4 Mil).

MOBI Industry Co Retained Earnings Historical Data

The historical data trend for MOBI Industry 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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MOBI Industry Co Retained Earnings Chart

MOBI Industry Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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0.11

4.51

5.04

18.36

MOBI Industry Co Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Retained Earnings	Get a 7-Day Free Trial						-	5.04	30.63	18.36	27.51

MOBI Industry 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.

MOBI Industry Co (SAU:9517) 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.

MOBI Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » MOBI Industry Co (SAU:9517) » Definitions » Retained Earnings

Traded in Other Exchanges

N/A

Address

220 Second Industrial City Street, P.O. Box 1239, Riyadh, SAU, 11431

Website

https://www.mobiindustry.sa/en

MOBI Industry Co is a Saudi Arabia-based company. It engaged in the manufacture of fertilizers and nitrogenous compounds, the manufacture of phosphate and potash fertilizers, the manufacture of plastics in their primary forms, the manufacture of household insect and rodenticides, the manufacture of soap in all its forms, including (paste, liquid, and dry), the manufacture shampoos and industrial detergents, Manufacture of floor, glass, and furniture polishes and scouring powders, manufacture of washing and cleaning materials and preparations, manufacture of preparations for perfuming rooms and removing odors, and manufacturing of bottles of various forms of plastics. It has two segments Fertilizers segment and the Detergent segment.

MOBI Industry Co Headlines

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