Ashdod Refinery (XTAE:ARF) Retained Earnings : ₪415 Mil (As of Mar. 2024)

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What is Ashdod Refinery Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Ashdod Refinery's retained earnings for the quarter that ended in Mar. 2024 was ₪415 Mil.

Ashdod Refinery's quarterly retained earnings stayed the same from Sep. 2023 (₪690 Mil) to Dec. 2023 (₪690 Mil) but then declined from Dec. 2023 (₪690 Mil) to Mar. 2024 (₪415 Mil).

Ashdod Refinery's annual retained earnings increased from Dec. 2021 (₪45 Mil) to Dec. 2022 (₪256 Mil) and increased from Dec. 2022 (₪256 Mil) to Dec. 2023 (₪690 Mil).

Ashdod Refinery Retained Earnings Historical Data

The historical data trend for Ashdod Refinery'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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Ashdod Refinery Retained Earnings Chart

Ashdod Refinery Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Retained Earnings

44.51

255.92

689.87

Ashdod Refinery Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial						-	448.78	689.87	689.87	415.40

Ashdod Refinery 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.

Ashdod Refinery (XTAE:ARF) 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.

Ashdod Refinery (XTAE:ARF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ashdod Refinery Ltd (XTAE:ARF) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

Hanet 1, Ashdod, ISR, 7752169

Website

https://www.paz.co.il

Ashdod Refinery Ltd is a company involved in imports and refining of crude oil and intermediates for petroleum distillates intended for marketing in the local market and for export purposes.

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