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Ocean Vantage Holdings Bhd (XKLS:0220) Retained Earnings : RM37.0 Mil (As of Mar. 2024)


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What is Ocean Vantage Holdings Bhd Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Ocean Vantage Holdings Bhd's retained earnings for the quarter that ended in Mar. 2024 was RM37.0 Mil.

Ocean Vantage Holdings Bhd's quarterly retained earnings declined from Sep. 2023 (RM46.9 Mil) to Dec. 2023 (RM37.9 Mil) and declined from Dec. 2023 (RM37.9 Mil) to Mar. 2024 (RM37.0 Mil).

Ocean Vantage Holdings Bhd's annual retained earnings declined from Dec. 2021 (RM35.5 Mil) to Dec. 2022 (RM34.4 Mil) but then increased from Dec. 2022 (RM34.4 Mil) to Dec. 2023 (RM37.9 Mil).


Ocean Vantage Holdings Bhd Retained Earnings Historical Data

The historical data trend for Ocean Vantage Holdings 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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Ocean Vantage Holdings Bhd Retained Earnings Chart

Ocean Vantage Holdings Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial 17.91 25.42 35.46 34.36 37.86

Ocean Vantage Holdings Bhd Quarterly Data
Dec17 Dec18 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 36.71 41.44 46.94 37.86 36.97

Ocean Vantage Holdings 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.


Ocean Vantage Holdings Bhd  (XKLS:0220) 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.


Ocean Vantage Holdings Bhd (XKLS:0220) Business Description

Traded in Other Exchanges
N/A
Address
Kuala Baram Land District, 1st & 2nd Floor, Block 11, Lot 6073 and 6074, Jalan Tudan, Bandar Baru Permyjaya, Miri, SWK, MYS, 98000
Ocean Vantage Holdings Bhd is engaged in the provision of support services for the oil and gas industry where it supports both the upstream and downstream oil and gas activities. The company's operations as a provider of engineering, fabrication, and NDT inspection and testing services. Its services include Rig/Platform Modifications; Rig Stacking & Reactivation; Rig Repair & Maintenance; Accommodation Refurbishment; Fabrication & Construction of Structures; Blasting & Painting Services; Equipment Rental, Repair & Maintenance; Marine Security Services; Conventional NDT & Inspection; Rope Access; Scaffolding Services; Tank Cleaning; and Crane, Structural, Piping Replacement; among others.

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