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Malaysian Genomics Resource Centre Bhd (XKLS:0155) Retained Earnings : RM-38.50 Mil (As of Mar. 2024)


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What is Malaysian Genomics Resource Centre Bhd Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Malaysian Genomics Resource Centre Bhd's retained earnings for the quarter that ended in Mar. 2024 was RM-38.50 Mil.

Malaysian Genomics Resource Centre Bhd's quarterly retained earnings declined from Mar. 2023 (RM-18.81 Mil) to Sep. 2023 (RM-31.27 Mil) and declined from Sep. 2023 (RM-31.27 Mil) to Mar. 2024 (RM-38.50 Mil).

Malaysian Genomics Resource Centre Bhd's annual retained earnings increased from Jun. 2019 (RM-12.56 Mil) to Jun. 2020 (RM0.00 Mil) but then declined from Jun. 2020 (RM0.00 Mil) to Jun. 2021 (RM-22.78 Mil).


Malaysian Genomics Resource Centre Bhd Retained Earnings Historical Data

The historical data trend for Malaysian Genomics Resource Centre Bhd'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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Malaysian Genomics Resource Centre Bhd Retained Earnings Chart

Malaysian Genomics Resource Centre Bhd Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.50 -8.72 -12.56 - -22.78

Malaysian Genomics Resource Centre Bhd Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 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 -14.69 -15.93 -18.81 -31.27 -38.50

Malaysian Genomics Resource Centre Bhd 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.


Malaysian Genomics Resource Centre Bhd  (XKLS:0155) 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.


Malaysian Genomics Resource Centre Bhd (XKLS:0155) Business Description

Traded in Other Exchanges
N/A
Address
8F, Jalan Teknologi 3/6, Taman Sains, Petaling Jaya, SGR, MYS, 47810
Malaysian Genomics Resource Centre Bhd is a Malaysia-based company engaged in providing laboratory services. It primarily offers genome sequencing and analysis (GSA) services, genetic screening services (GSS), and pathology services. GSA services involve the sequencing and analysis of the DNA of humans, animals, plants, and microbes, to discover meaningful biological information. The company is engaged in providing GSS by developing its own range of genetic screening tests under the brand Dtect which screen human DNA for genetic markers related to diseases and health conditions. It derives the majority of its revenue from Pathology services.

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