Quara Finance Co (SAU:9596) Retained Earnings : ﷼103.71 Mil (As of Sep. 2024)

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What is Quara Finance Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Quara Finance Co's retained earnings for the quarter that ended in Sep. 2024 was ﷼103.71 Mil.

Quara Finance Co's quarterly retained earnings increased from Mar. 2024 (﷼81.69 Mil) to Jun. 2024 (﷼94.37 Mil) and increased from Jun. 2024 (﷼94.37 Mil) to Sep. 2024 (﷼103.71 Mil).

Quara Finance Co Retained Earnings Historical Data

The historical data trend for Quara Finance 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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Quara Finance Co Retained Earnings Chart

Quara Finance Co Annual Data

Trend

Retained Earnings

Quara Finance Co Quarterly Data
	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial			-	-	81.69	94.37	103.71

Quara Finance 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.

Quara Finance Co (SAU:9596) 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.

Quara Finance Co Business Description

Industry

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Address

8246, King Abdulaziz Road, Unit Number 15, Al – Wizarat District, Riyadh, SAU, 12622-3797

Website

https://www.quarafinance.com

Quara Finance Co is a company engaged in providing finance lease, consumer finance, and small and medium enterprise finance in the Kingdom of Saudi Arabia. The company's operations are in the Kingdom of Saudi Arabia and it provides financing to Saudi and resident individuals from government and private sectors and to SMEs. Its reportable segments are; Retail (Personal financing) segment which includes personal financing provided to retail clients; and the SME financing segment includes financing provided to small and medium enterprises. It generates a majority of its income from the Retail segment.

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