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GC Rieber Shipping ASA (OSL:RISH) Retained Earnings : kr262.23 Mil (As of Sep. 2023)


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What is GC Rieber Shipping ASA Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. GC Rieber Shipping ASA's retained earnings for the quarter that ended in Sep. 2023 was kr262.23 Mil.

GC Rieber Shipping ASA's quarterly retained earnings increased from Dec. 2022 (kr729.50 Mil) to Jun. 2023 (kr833.73 Mil) but then declined from Jun. 2023 (kr833.73 Mil) to Sep. 2023 (kr262.23 Mil).

GC Rieber Shipping ASA's annual retained earnings declined from Dec. 2020 (kr836.24 Mil) to Dec. 2021 (kr771.76 Mil) and declined from Dec. 2021 (kr771.76 Mil) to Dec. 2022 (kr729.50 Mil).


GC Rieber Shipping ASA Retained Earnings Historical Data

The historical data trend for GC Rieber Shipping ASA'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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GC Rieber Shipping ASA Retained Earnings Chart

GC Rieber Shipping ASA Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,269.71 1,301.45 836.24 771.76 729.50

GC Rieber Shipping ASA Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23
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 777.91 807.20 729.50 833.73 262.23

GC Rieber Shipping ASA 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.


GC Rieber Shipping ASA  (OSL:RISH) 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.


GC Rieber Shipping ASA (OSL:RISH) Business Description

Traded in Other Exchanges
N/A
Address
Solheimsgaten 15, Bergen, NOR, 5058
GC Rieber Shipping ASA is a Norwegian offshore shipping company. The business activities of the company include ownership of specialized vessels, marine ship management, project development, and industrial portfolio management within the segments of offshore subsea, ice research, and support. The company's operating segments are Ice/ Support, Marine Seismic and Subsea. It is a shipowner and project house with a focus on developing profitable and sustainable maritime projects. The company operates in Norway, Germany, Africa, Great Britain, the USA, and other European countries, the majority is derived from Other European countries.

GC Rieber Shipping ASA (OSL:RISH) Headlines

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