COG Financial Services (ASX:COG) Retained Earnings : A$-117.8 Mil (As of Dec. 2023)

View and export this data going back to 2003. Start your Free Trial

What is COG Financial Services Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. COG Financial Services's retained earnings for the quarter that ended in Dec. 2023 was A$-117.8 Mil.

COG Financial Services's quarterly retained earnings stayed the same from Dec. 2022 (A$-117.8 Mil) to Jun. 2023 (A$-117.8 Mil) and stayed the same from Jun. 2023 (A$-117.8 Mil) to Dec. 2023 (A$-117.8 Mil).

COG Financial Services's annual retained earnings stayed the same from Jun. 2021 (A$-117.8 Mil) to Jun. 2022 (A$-117.8 Mil) and stayed the same from Jun. 2022 (A$-117.8 Mil) to Jun. 2023 (A$-117.8 Mil).

COG Financial Services Retained Earnings Historical Data

The historical data trend for COG Financial Services'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.

COG Financial Services Retained Earnings Chart

COG Financial Services Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Retained Earnings

Get a 7-Day Free Trial

-81.37

-91.42

-117.79

COG Financial Services Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-117.79	-117.79	-117.79	-117.79	-117.79

COG Financial Services 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.

COG Financial Services (ASX:COG) 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.

COG Financial Services (ASX:COG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » COG Financial Services Ltd (ASX:COG) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

72 Archer Street, Level 1, Chatswood, Sydney, NSW, AUS, 2067

Website

https://www.cogfs.com.au

COG Financial Services Ltd is engaged in the equipment finance sector. The investment objective of the company is to grow its earnings per share from investing in complementary entities and growing existing businesses that specialize in equipment finance broking, finance aggregation, and commercial leases for essential business assets. Its segments include Finance Broking and Aggregation, which is the key revenue driver, focused on the aggregation of broker volumes to maximize profitability through scale and finance broking focused on a range of products finance and asset types; Funds Management and Lending activities and others.

COG Financial Services (ASX:COG) Headlines

No Headlines