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Trio Petroleum (Trio Petroleum) Retained Earnings : $-12.15 Mil (As of Jan. 2024)


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What is Trio Petroleum Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Trio Petroleum's retained earnings for the quarter that ended in Jan. 2024 was $-12.15 Mil.

Trio Petroleum's quarterly retained earnings declined from Jul. 2023 ($-9.13 Mil) to Oct. 2023 ($-10.45 Mil) and declined from Oct. 2023 ($-10.45 Mil) to Jan. 2024 ($-12.15 Mil).

Trio Petroleum's annual retained earnings declined from Oct. 2021 ($-0.10 Mil) to Oct. 2022 ($-3.90 Mil) and declined from Oct. 2022 ($-3.90 Mil) to Oct. 2023 ($-10.45 Mil).

Trio Petroleum Retained Earnings Historical Data

The historical data trend for Trio Petroleum'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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Trio Petroleum Retained Earnings Chart

Trio Petroleum Annual Data
Trend Oct21 Oct22 Oct23
Retained Earnings
-0.10 -3.90 -10.45

Trio Petroleum Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.72 -6.96 -9.13 -10.45 -12.15

Trio Petroleum 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.

Trio Petroleum  (AMEX:TPET) 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.

Trio Petroleum (Trio Petroleum) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trio Petroleum Corp (AMEX:TPET) » Definitions » Retained Earnings
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Traded in Other Exchanges
N/A
Address
4115 Blackhawk Plaza Circle, Suite 100, Danville, CA, USA, 94506
Website
http://www.triopetro.com
Trio Petroleum Corp is a California-focused oil and gas exploration and development company. It acquires, fund, and operate oil exploration and production from assets in California.
Executives
Gregory L Overholtzer officer: Chief Financial Officer 120 ROSE ORCHARD WAY, SAN JOSE CA 95134
Frank C Ingriselli director, officer: Chief Executive Officer 250 EAST HARTSDALE AVE, HARTSDALE NY 10530
Michael L Peterson director 17 CANARY COURT, DANVILLE CA 94526
John Hunter William director 930 TAHOE BOULEVARD, SUITE 802-16, INCLINE VILLAGE NV 89451
Thomas J Pernice director 227 WEST MONROE, SUITE 3900, CHICAGO IL 60606
Robin A. Ross director C/O TRIO PETROLEUM CORP., 4115 BLACKHAWK PLAZA CIRCLE, SUITE 100, DANVILLE CA 94506
Steve Rowlee officer: Chief Operating Officer C/O TRIO PETROLEUM CORP., 4115 BLACKHAWK PLAZA CIRCLE, SUITE 100, DANVILLE CA 94506
Terry Eschner officer: President C/O TRIO PETROLEUM CORP., 4115 BLACKHAWK PLAZA CIRCLE, SUITE 100, DANVILLE CA 94506
Stanford Eschner director, officer: Executive Chairman C/O TRIO PETROLEUM CORP., 4115 BLACKHAWK PLAZA CIRCLE, SUITE 100, DANVILLE CA 94506
John W. Randall director C/O TRIO PETROLEUM CORP., 4115 BLACKHAWK PLAZA CIRCLE, SUITE 100, DANVILLE CA 94506