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Okeanis Eco Tankers (STU:7OK) Retained Earnings : €267.4 Mil (As of Dec. 2023)


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What is Okeanis Eco Tankers Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Okeanis Eco Tankers's retained earnings for the quarter that ended in Dec. 2023 was €267.4 Mil.

Okeanis Eco Tankers's quarterly retained earnings increased from Jun. 2023 (€231.6 Mil) to Sep. 2023 (€253.4 Mil) and increased from Sep. 2023 (€253.4 Mil) to Dec. 2023 (€267.4 Mil).

Okeanis Eco Tankers's annual retained earnings increased from Dec. 2021 (€54.7 Mil) to Dec. 2022 (€138.2 Mil) and increased from Dec. 2022 (€138.2 Mil) to Dec. 2023 (€267.4 Mil).


Okeanis Eco Tankers Retained Earnings Historical Data

The historical data trend for Okeanis Eco Tankers'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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Okeanis Eco Tankers Retained Earnings Chart

Okeanis Eco Tankers Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial 7.53 54.22 54.73 138.20 267.44

Okeanis Eco Tankers Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 138.20 184.93 231.62 253.35 267.44

Okeanis Eco Tankers 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.


Okeanis Eco Tankers  (STU:7OK) 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.


Okeanis Eco Tankers (STU:7OK) Business Description

Traded in Other Exchanges
Address
Ethnarchou Makariou av, & 2 D. Falireos street, Neo Faliro, Piraeus, GRC, 18547
Okeanis Eco Tankers Corp owns and operates tanker vessels in Greece. The business of the company is to own, charter out, and operate tanker vessels. The company owns, through its vessel-owning subsidiaries, a fleet of around seven tanker vessels and has around eight tanker vessels on order. The sailing fleet consists of around six modern Suezmax tankers, and eight VLCC tankers.

Okeanis Eco Tankers (STU:7OK) Headlines

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