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Cloudpoint Technology Bhd (XKLS:0277) Retained Earnings : RM30.22 Mil (As of Dec. 2023)


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What is Cloudpoint Technology Bhd Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Cloudpoint Technology Bhd's retained earnings for the quarter that ended in Dec. 2023 was RM30.22 Mil.

Cloudpoint Technology Bhd's quarterly retained earnings increased from Jun. 2023 (RM26.61 Mil) to Sep. 2023 (RM29.92 Mil) and increased from Sep. 2023 (RM29.92 Mil) to Dec. 2023 (RM30.22 Mil).

Cloudpoint Technology Bhd's annual retained earnings increased from Dec. 2021 (RM14.14 Mil) to Dec. 2022 (RM19.30 Mil) and increased from Dec. 2022 (RM19.30 Mil) to Dec. 2023 (RM30.22 Mil).


Cloudpoint Technology Bhd Retained Earnings Historical Data

The historical data trend for Cloudpoint Technology 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.

* Premium members only.

Cloudpoint Technology Bhd Retained Earnings Chart

Cloudpoint Technology Bhd Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
19.55 19.90 14.14 19.30 30.22

Cloudpoint Technology Bhd Quarterly Data
Dec19 Dec20 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only - 19.30 26.61 29.92 30.22

Cloudpoint Technology 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.


Cloudpoint Technology Bhd  (XKLS:0277) 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.


Cloudpoint Technology Bhd (XKLS:0277) Business Description

Traded in Other Exchanges
N/A
Address
No. 2, Jalan Solaris, Unit J-6-13, Block J, Solaris Mont Kiara, Mont Kiara, Kuala Lumpur, SGR, MYS, 50480
Cloudpoint Technology Bhd is principally an investment holding company. Through Its subsidiary, CSSB, it is principally engaged in the provision of IT solutions comprising enterprise and data centre networking, cybersecurity solutions, professional IT services as well as cloud services and software applications. The company implements solutions and provides Its services mainly to large enterprises, particularly companies in the financial services, insurance, telecommunications industries, and other technology service providers in Malaysia. It also provides our solutions to multinational companies to cater to their operations based in Malaysia.

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