Rubellite Energy (TSX:RBY) Retained Earnings : C$50.87 Mil (As of Dec. 2023)

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What is Rubellite Energy Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Rubellite Energy's retained earnings for the quarter that ended in Dec. 2023 was C$50.87 Mil.

Rubellite Energy's quarterly retained earnings increased from Jun. 2023 (C$37.40 Mil) to Sep. 2023 (C$41.35 Mil) and increased from Sep. 2023 (C$41.35 Mil) to Dec. 2023 (C$50.87 Mil).

Rubellite Energy's annual retained earnings increased from Dec. 2021 (C$7.70 Mil) to Dec. 2022 (C$32.31 Mil) and increased from Dec. 2022 (C$32.31 Mil) to Dec. 2023 (C$50.87 Mil).

Rubellite Energy Retained Earnings Historical Data

The historical data trend for Rubellite Energy'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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Rubellite Energy Retained Earnings Chart

Rubellite Energy Annual Data

Trend

Dec21

Dec22

Dec23

Retained Earnings

7.70

32.31

50.87

Rubellite Energy Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial					32.31	34.01	37.40	41.35	50.87

Rubellite Energy 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.

Rubellite Energy (TSX:RBY) 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.

Rubellite Energy (TSX:RBY) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Rubellite Energy Inc (TSX:RBY) » Definitions » Retained Earnings

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RUBLF:USA 6L0:Germany

Address

605 5 Avenue SW, Suite 3200, Calgary, AB, CAN, T2P 3H5

Website

https://www.rubelliteenergy.com

Rubellite Energy Inc is a Canadian energy company. It is focused on Clearwater oil exploration and development utilizing multi-lateral horizontal drilling technology. The Clearwater is a high rate of return play with compelling economics at current forward market prices for Western Canadian Select crude oil.

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