Glostrext Bhd (XKLS:0284) Retained Earnings : RM31.49 Mil (As of Mar. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Glostrext Bhd Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Glostrext Bhd's retained earnings for the quarter that ended in Mar. 2023 was RM31.49 Mil.

Glostrext Bhd's quarterly retained earnings increased from Mar. 2021 (RM23.18 Mil) to Mar. 2022 (RM27.38 Mil) and increased from Mar. 2022 (RM27.38 Mil) to Mar. 2023 (RM31.49 Mil).

Glostrext Bhd's annual retained earnings increased from Mar. 2021 (RM23.18 Mil) to Mar. 2022 (RM27.38 Mil) and increased from Mar. 2022 (RM27.38 Mil) to Mar. 2023 (RM31.49 Mil).

Glostrext Bhd Retained Earnings Historical Data

The historical data trend for Glostrext 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.

Glostrext Bhd Retained Earnings Chart

Glostrext Bhd Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Retained Earnings

21.94

23.18

27.38

31.49

Glostrext Bhd Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Retained Earnings	21.94	23.18	27.38	31.49

Glostrext 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.

Glostrext Bhd (XKLS:0284) 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.

Glostrext Bhd (XKLS:0284) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Glostrext Bhd (XKLS:0284) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 11A, Jalan Apollo U5/194, Bandar Pinggiran Subang, Seksyen U5, Shah Alam, SGR, MYS, 40150

Website

https://www.glostrext.com

Glostrext Bhd is a geotechnical instrumentation service provider, where it provides piling, structural and geotechnical-related services, covering instrumentation, testing and monitoring services to construction projects as well as completed buildings and infrastructure. Its service offerings can be categorized into 2 segments; Provision of pile instrumentation and static load test services to construction projects and Provision of structural and ground instrumentation and monitoring services to construction projects as well as completed buildings and infrastructures. The majority of revenue is derived from pile instrumentation and static load test services.

Glostrext Bhd (XKLS:0284) Headlines

No Headlines