Surnadal Sparebank (OSL:SUSB) Retained Earnings : kr12.4 Mil (As of Mar. 2021)

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What is Surnadal Sparebank Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Surnadal Sparebank's retained earnings for the quarter that ended in Mar. 2021 was kr12.4 Mil.

Surnadal Sparebank's quarterly retained earnings declined from Sep. 2020 (kr621.5 Mil) to Dec. 2020 (kr3.3 Mil) but then increased from Dec. 2020 (kr3.3 Mil) to Mar. 2021 (kr12.4 Mil).

Surnadal Sparebank's annual retained earnings stayed the same from Dec. 2018 (kr0.0 Mil) to Dec. 2019 (kr0.0 Mil) but then increased from Dec. 2019 (kr0.0 Mil) to Dec. 2020 (kr3.3 Mil).

Surnadal Sparebank Retained Earnings Historical Data

The historical data trend for Surnadal Sparebank'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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Surnadal Sparebank Retained Earnings Chart

Surnadal Sparebank Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Retained Earnings

3.30

Surnadal Sparebank Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Retained Earnings	Get a 7-Day Free Trial											6.96	604.72	621.53	3.30	12.39

Surnadal Sparebank 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.

Surnadal Sparebank (OSL:SUSB) 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.

Surnadal Sparebank (OSL:SUSB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Surnadal Sparebank (OSL:SUSB) » Definitions » Retained Earnings

Traded in Other Exchanges

N/A

Address

Bardshaugvegen 7, Surnadal, NOR, 6650

Website

https://www.bank.no

Surnadal Sparebank is an independent saving bank. It is a medium-sized savings bank with a wide range of products and services within loans, placement, self-service solutions, cards, insurance and real estate.