Horizon Oil (ASX:HZN) Retained Earnings : A$-196.2 Mil (As of Dec. 2023)

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What is Horizon Oil Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Horizon Oil's retained earnings for the quarter that ended in Dec. 2023 was A$-196.2 Mil.

Horizon Oil's quarterly retained earnings declined from Dec. 2022 (A$-177.2 Mil) to Jun. 2023 (A$-184.2 Mil) and declined from Jun. 2023 (A$-184.2 Mil) to Dec. 2023 (A$-196.2 Mil).

Horizon Oil's annual retained earnings declined from Jun. 2021 (A$-126.3 Mil) to Jun. 2022 (A$-137.4 Mil) and declined from Jun. 2022 (A$-137.4 Mil) to Jun. 2023 (A$-184.2 Mil).

Horizon Oil Retained Earnings Historical Data

The historical data trend for Horizon Oil'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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Horizon Oil Retained Earnings Chart

Horizon Oil Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Retained Earnings

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-71.15

-151.49

-126.27

-137.37

-184.16

Horizon Oil 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															-124.02	-137.37	-177.23	-184.16	-196.23

Horizon Oil 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.

Horizon Oil (ASX:HZN) 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.

Horizon Oil (ASX:HZN) Business Description

Industry

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HZNFF:USA

Address

360 Kent Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://horizonoil.com.au

Horizon Oil Ltd is engaged in petroleum exploration, development, and production. The company's exploration, development, and production activities are focused on Southeast Asia. The operating segments of the group are New Zealand exploration and development, China exploration and development, and All other segments. It generates the prime revenue from New Zealand's exploration and development segment in which the group is involved in the development and production of crude oil and oil field development and in the exploration and evaluation of hydrocarbons. The operations of the organization are carried out in China and New Zealand.