Dubai Taxi Co (DFM:DTC) Retained Earnings : د.إ196 Mil (As of Mar. 2024)

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What is Dubai Taxi Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Dubai Taxi Co's retained earnings for the quarter that ended in Mar. 2024 was د.إ196 Mil.

Dubai Taxi Co's quarterly retained earnings increased from Sep. 2023 (د.إ81 Mil) to Dec. 2023 (د.إ159 Mil) and increased from Dec. 2023 (د.إ159 Mil) to Mar. 2024 (د.إ196 Mil).

Dubai Taxi Co's annual retained earnings stayed the same from Dec. 2021 (د.إ0 Mil) to Dec. 2022 (د.إ0 Mil) but then increased from Dec. 2022 (د.إ0 Mil) to Dec. 2023 (د.إ159 Mil).

Dubai Taxi Co Retained Earnings Historical Data

The historical data trend for Dubai Taxi Co'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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Dubai Taxi Co Retained Earnings Chart

Dubai Taxi Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

158.99

Dubai Taxi Co Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial						-	-	80.81	158.99	196.02

Dubai Taxi Co 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.

Dubai Taxi Co (DFM:DTC) 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.

Dubai Taxi Co (DFM:DTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Dubai Taxi Co (DFM:DTC) » Definitions » Retained Earnings

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Traded in Other Exchanges

N/A

Address

Amman Street, First floor, main building, Al Muhaisnah area, Dubai, ARE

Website

https://www.dubaitaxi.ae

Dubai Taxi Co is a mobility solutions and taxi operator company in Dubai. It offers a wide range of transportation solutions across its four main business lines, which include taxi services through its large, environmentally friendly fleet, VIP limousine services consisting of chauffeur-driven vehicles to provide luxury service, bus services, and last-mile delivery services via delivery bikes. The company operates more than 7,000 vehicles.