TMK PAO (MIC:TRMK) Retained Earnings : ₽27,921 Mil (As of Jun. 2022)

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What is TMK PAO Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. TMK PAO's retained earnings for the quarter that ended in Jun. 2022 was ₽27,921 Mil.

TMK PAO's quarterly retained earnings increased from Sep. 2021 (₽10,163 Mil) to Dec. 2021 (₽14,345 Mil) and increased from Dec. 2021 (₽14,345 Mil) to Jun. 2022 (₽27,921 Mil).

TMK PAO's annual retained earnings increased from Dec. 2019 (₽14,633 Mil) to Dec. 2020 (₽35,661 Mil) but then declined from Dec. 2020 (₽35,661 Mil) to Dec. 2021 (₽14,345 Mil).

TMK PAO Retained Earnings Historical Data

The historical data trend for TMK PAO'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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TMK PAO Retained Earnings Chart

TMK PAO Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Retained Earnings

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71,368.17

82,816.47

14,633.00

35,661.00

14,345.00

TMK PAO Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22
Retained Earnings	Get a 7-Day Free Trial															30,795.00	25,256.00	10,163.00	14,345.00	27,921.00

TMK PAO 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.

TMK PAO (MIC:TRMK) 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.

TMK PAO (MIC:TRMK) Business Description

Industry

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Traded in Other Exchanges

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Address

40/2a, Pokrovka Street, Moscow, RUS, 101000

Website

http://www.tmk-group.com

TMK PAO produces and supplies steel pipes for the oil and gas industry. The company integrates production assets in Russia, the United States, Canada, Oman, Romania, and Kazakhstan. TMK's core business is the production and sale of seamless and welded pipe, including large-diameter pipe, and pipe with premium connections, combined with an extensive range of services in heat treatment, protective coating, premium connections threading, pipe storage, and repair. Seamless pipe sales account for the majority of the company's revenue with the majority of sales generated in Russia.