JY Gas (HKSE:01407) Retained Earnings : HK$116.6 Mil (As of Dec. 2023)

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What is JY Gas Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. JY Gas's retained earnings for the quarter that ended in Dec. 2023 was HK$116.6 Mil.

JY Gas's quarterly retained earnings declined from Dec. 2022 (HK$115.1 Mil) to Jun. 2023 (HK$112.5 Mil) but then increased from Jun. 2023 (HK$112.5 Mil) to Dec. 2023 (HK$116.6 Mil).

JY Gas's annual retained earnings increased from Dec. 2021 (HK$74.7 Mil) to Dec. 2022 (HK$115.1 Mil) and increased from Dec. 2022 (HK$115.1 Mil) to Dec. 2023 (HK$116.6 Mil).

JY Gas Retained Earnings Historical Data

The historical data trend for JY 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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JY Gas Retained Earnings Chart

JY Gas Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

33.52

87.11

74.72

115.11

116.62

JY Gas Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial			74.72	-	115.11	112.46	116.62

JY 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.

JY Gas (HKSE:01407) 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.

JY Gas (HKSE:01407) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » JY Gas Ltd (HKSE:01407) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

No. 2568 Shi’an Road (West), 3rd Floor, Jiaoyun Group Building, Gaomi City, Weifang Municipality, Shandong Provinc, Weifang, CHN

Website

http://www.gmjytrq.com

JY Gas Ltd is a natural gas operator in Gaomi City, Weifang Municipality of Shandong Province. The company derives revenue from the sale of natural gas. Natural gas which it sells includes pipeline natural gas, compressed natural gas and liquefied natural gas. The sale of pipelined natural gas is its principal business.

Executives

Luan Xiaolong	2201 Interest of corporation controlled by you
Zhou Zhan	2202 Interest of your spouse
Lxl Phoenix Limited	2101 Beneficial owner
Cui Shuhua	2202 Interest of your spouse
Llj Phoenix Limited	2101 Beneficial owner
Luan Linjiang	2201 Interest of corporation controlled by you
Sdjy Holding Limited	2201 Interest of corporation controlled by you
Segm Holding Limited	2101 Beneficial owner

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