AGX Group Bhd (XKLS:0299) Retained Earnings : RM28.4 Mil (As of Dec. 2022)

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What is AGX Group Bhd Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. AGX Group Bhd's retained earnings for the quarter that ended in Dec. 2022 was RM28.4 Mil.

AGX Group Bhd's quarterly retained earnings increased from Dec. 2020 (RM16.0 Mil) to Dec. 2021 (RM20.8 Mil) and increased from Dec. 2021 (RM20.8 Mil) to Dec. 2022 (RM28.4 Mil).

AGX Group Bhd's annual retained earnings increased from Dec. 2020 (RM16.0 Mil) to Dec. 2021 (RM20.8 Mil) and increased from Dec. 2021 (RM20.8 Mil) to Dec. 2022 (RM28.4 Mil).

AGX Group Bhd Retained Earnings Historical Data

The historical data trend for AGX Group 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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AGX Group Bhd Retained Earnings Chart

AGX Group Bhd Annual Data

Trend

Dec20

Dec21

Dec22

Retained Earnings

16.03

20.77

28.41

AGX Group Bhd Semi-Annual Data
	Dec20	Dec21	Dec22
Retained Earnings	16.03	20.77	28.41

AGX Group 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.

AGX Group Bhd (XKLS:0299) 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.

AGX Group Bhd (XKLS:0299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » AGX Group Bhd (XKLS:0299) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

Jalan USJ 10/1A, Unit 1A-C and Unit 2A-C, 2nd Floor, Pusat Perniagaan USJ 10, UEP Subang Jaya, SGR, MYS, 47610

Website

https://www.agxlogistics.com

AGX Group Bhd is a logistics service provider. It is a 3PL service provider that comprises sea and air freight forwarding, aerospace logistics, warehousing and other 3PL, and road freight transportation services. It also provides services to assist senders or receivers in transporting their goods from the point of origin to their final destinations and has services in all the countries and has a physical presence, namely Malaysia, the Philippines, Korea, Myanmar, and Singapore. Its sea and air freight forwarding services are mostly concerned with organizing the transportation of cargo for our customers, starting from the point of origin and ending when the freight is delivered to its final destination. Sea and air freight forwarding services generate maximum revenue for the company.

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