PhosAgro PJSC (MIC:PHOR) Retained Earnings : ₽153,016 Mil (As of Sep. 2023)

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What is PhosAgro PJSC Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. PhosAgro PJSC's retained earnings for the quarter that ended in Sep. 2023 was ₽153,016 Mil.

PhosAgro PJSC's quarterly retained earnings declined from Mar. 2023 (₽158,501 Mil) to Jun. 2023 (₽137,754 Mil) but then increased from Jun. 2023 (₽137,754 Mil) to Sep. 2023 (₽153,016 Mil).

PhosAgro PJSC's annual retained earnings increased from Dec. 2020 (₽90,757 Mil) to Dec. 2021 (₽148,193 Mil) and increased from Dec. 2021 (₽148,193 Mil) to Dec. 2022 (₽190,664 Mil).

PhosAgro PJSC Retained Earnings Historical Data

The historical data trend for PhosAgro PJSC'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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PhosAgro PJSC Retained Earnings Chart

PhosAgro PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Retained Earnings

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93,951.00

111,054.00

90,757.00

148,193.00

190,664.00

PhosAgro PJSC Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Retained Earnings	Get a 7-Day Free Trial															212,678.00	190,664.00	158,501.00	137,754.00	153,016.00

PhosAgro PJSC 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.

PhosAgro PJSC (MIC:PHOR) 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.

PhosAgro PJSC (MIC:PHOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » PhosAgro PJSC (MIC:PHOR) » Definitions » Retained Earnings

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Address

Leninsky Prospekt, Apartment 55/1, Building 1, Moscow, RUS, 119333

Website

https://www.phosagro.com

PhosAgro PJSC produces and distributes fertilizer to the agricultural industry. The company has two segments organized by product: phosphate and nitrogen. The phosphate segment mines apatite-nepheline ore and then processes the ore into sulfate of potash fertilizer. The nitrogen segment produces nitrogen and ammonia-based fertilizers. To compete on cost, the firm controls its logistics operations through the ownership of ships, ports, and railroad cars. It generates revenue throughout the world, with Russia and Europe being its biggest markets.

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