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Petrovietnam Power Nhon Trach 2 JSC (STC:NT2) Retained Earnings : ₫871,809 Mil (As of Mar. 2024)


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What is Petrovietnam Power Nhon Trach 2 JSC Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Petrovietnam Power Nhon Trach 2 JSC's retained earnings for the quarter that ended in Mar. 2024 was ₫871,809 Mil.

Petrovietnam Power Nhon Trach 2 JSC's quarterly retained earnings increased from Sep. 2023 (₫1,014,047 Mil) to Dec. 2023 (₫1,231,481 Mil) but then declined from Dec. 2023 (₫1,231,481 Mil) to Mar. 2024 (₫871,809 Mil).

Petrovietnam Power Nhon Trach 2 JSC's annual retained earnings increased from Dec. 2021 (₫1,195,676 Mil) to Dec. 2022 (₫1,553,644 Mil) but then declined from Dec. 2022 (₫1,553,644 Mil) to Dec. 2023 (₫1,231,481 Mil).


Petrovietnam Power Nhon Trach 2 JSC Retained Earnings Historical Data

The historical data trend for Petrovietnam Power Nhon Trach 2 JSC'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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Petrovietnam Power Nhon Trach 2 JSC Retained Earnings Chart

Petrovietnam Power Nhon Trach 2 JSC Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial 1,111,340.94 1,281,939.01 1,195,676.03 1,553,644.00 1,231,480.80

Petrovietnam Power Nhon Trach 2 JSC 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 1,499,589.10 1,568,284.50 1,014,046.59 1,231,480.80 871,808.69

Petrovietnam Power Nhon Trach 2 JSC 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.


Petrovietnam Power Nhon Trach 2 JSC  (STC:NT2) 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.


Petrovietnam Power Nhon Trach 2 JSC (STC:NT2) Business Description

Traded in Other Exchanges
N/A
Address
Petroleum Power Center, Phuoc Khanh Commune, Nhon Trach district, Dong Nai, VNM
Petrovietnam Power Nhon Trach 2 Joint Stock Co is a Vietnam-based company engaged in power generation, transmission, and distribution. It also provides support activities like service activities for water transport, Architectural activities, wholesale of solid, liquid, and gaseous fuels, warehousing and storage of food, freight transport by road, wholesale of machinery, freight inland waterway, and vocational education.

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