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Al Madina Takaful Co.OG (MUS:AMAT) Retained Earnings : ر.ع1.38 Mil (As of Dec. 2023)


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What is Al Madina Takaful Co.OG Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Al Madina Takaful Co.OG's retained earnings for the quarter that ended in Dec. 2023 was ر.ع1.38 Mil.

Al Madina Takaful Co.OG's quarterly retained earnings increased from Jun. 2023 (ر.ع0.76 Mil) to Sep. 2023 (ر.ع1.05 Mil) and increased from Sep. 2023 (ر.ع1.05 Mil) to Dec. 2023 (ر.ع1.38 Mil).

Al Madina Takaful Co.OG's annual retained earnings declined from Dec. 2021 (ر.ع1.82 Mil) to Dec. 2022 (ر.ع1.46 Mil) and declined from Dec. 2022 (ر.ع1.46 Mil) to Dec. 2023 (ر.ع1.38 Mil).


Al Madina Takaful Co.OG Retained Earnings Historical Data

The historical data trend for Al Madina Takaful Co.OG'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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Al Madina Takaful Co.OG Retained Earnings Chart

Al Madina Takaful Co.OG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.12 2.71 1.82 1.46 1.38

Al Madina Takaful Co.OG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.46 0.32 0.76 1.05 1.38

Al Madina Takaful Co.OG 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.


Al Madina Takaful Co.OG  (MUS:AMAT) 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.


Al Madina Takaful Co.OG (MUS:AMAT) Business Description

Traded in Other Exchanges
N/A
Address
Office no. 301/302, P.O. Box 80, 3rd Floor, Building 6, Muscat Grand Mall, Ghubra, Muscat, OMN, 136
Al Madina Takaful Co. SAOG is engaged in the business of takaful activities and investments by adopting the wakala and mudarabha model respectively, on behalf of the participants in accordance with the Islamic Sharia principles. The business operates in various segments that include the General Takaful segment; which includes insurance and reinsurance of motor, fire, general accident, marine cargo, and medical, and the Family Takaful segment; which includes insurance of an individual or group life. Fire, energy, medical, engineering, liability, and general accident segment and Motor, marine, and aviation. The General Takaful segment generates maximum revenue for the company. Geographically, the operations of the company are located inside the Sultanate of Oman.