Korea Gas (XKRX:036460) Retained Earnings : ₩7,485,688 Mil (As of Sep. 2024)

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What is Korea Gas Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Korea Gas's retained earnings for the quarter that ended in Sep. 2024 was ₩7,485,688 Mil.

Korea Gas's quarterly retained earnings increased from Mar. 2024 (₩7,083,300 Mil) to Jun. 2024 (₩7,334,197 Mil) and increased from Jun. 2024 (₩7,334,197 Mil) to Sep. 2024 (₩7,485,688 Mil).

Korea Gas's annual retained earnings increased from Dec. 2021 (₩6,185,268 Mil) to Dec. 2022 (₩7,476,257 Mil) but then declined from Dec. 2022 (₩7,476,257 Mil) to Dec. 2023 (₩6,678,622 Mil).

Korea Gas Retained Earnings Historical Data

The historical data trend for Korea Gas'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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Korea Gas Retained Earnings Chart

Korea Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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5,166,924.98

5,190,805.10

6,185,268.28

7,476,257.00

6,678,622.03

Korea Gas Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															7,371,164.44	6,678,622.03	7,083,299.62	7,334,196.84	7,485,688.33

Korea Gas 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.

Korea Gas (XKRX:036460) 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.

Korea Gas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Korea Gas Corp (XKRX:036460) » Definitions » Retained Earnings

Traded in Other Exchanges

N/A

Address

215 Jeongja-dong, Bundang-gu, Seongnam, KOR, 463-754

Website

http://www.kogas.or.kr

Korea Gas Corp is a Korean natural gas utility company. The Government of Korea holds a majority stake in the firm. Korea Gas Corp holds a monopoly as the country's only natural gas distributor with a nationwide network of pipelines and storage tanks. The company segments its operations into Domestic Business and Overseas Business units. The Domestic Business division encompasses Korea Gas' liquefied natural gas (LNG) purchasing, supply, storage, and pipeline distributing activities. The company primarily buys natural gas from Middle Eastern and Southeast Asian sources. Korea Gas' total revenue is split fairly evenly between the sale of natural gas to urban consumers and to the power sector. Korean housing and industrial customers represent the majority of the firm's customer base.

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