Afriquia Gaz (CAS:GAZ) Retained Earnings : MAD481 Mil (As of Dec. 2023)

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What is Afriquia Gaz Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Afriquia Gaz's retained earnings for the quarter that ended in Dec. 2023 was MAD481 Mil.

Afriquia Gaz's quarterly retained earnings declined from Dec. 2022 (MAD517 Mil) to Jun. 2023 (MAD349 Mil) but then increased from Jun. 2023 (MAD349 Mil) to Dec. 2023 (MAD481 Mil).

Afriquia Gaz's annual retained earnings increased from Dec. 2021 (MAD504 Mil) to Dec. 2022 (MAD517 Mil) but then declined from Dec. 2022 (MAD517 Mil) to Dec. 2023 (MAD481 Mil).

Afriquia Gaz Retained Earnings Historical Data

The historical data trend for Afriquia Gaz'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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Afriquia Gaz Retained Earnings Chart

Afriquia Gaz Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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699.20

362.24

503.86

516.89

481.47

Afriquia Gaz 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															503.86	344.48	516.89	349.25	481.47

Afriquia Gaz 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.

Afriquia Gaz (CAS:GAZ) 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.

Afriquia Gaz (CAS:GAZ) Business Description

Industry

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Address

139 Boulevard Moulay Ismail, Casablanca, MAR, 20700

Website

http://www.afriquiagaz.com

Afriquia Gaz is a Morocco-based company engaged in the business of distributing liquefied petroleum gas (LPG) such as butane, propane and its by-products. The company is also involved in the import, export, trade, refining, storage, stocking, transportation, deposit and administration of LPG. It markets its products under five brands namely Afriquia Gaz, Tissir Gaz, Campingaz, Ultragaz and National Gaz.