PetroGas Co (PetroGas Co) Retained Earnings : $-142.26 Mil (As of Dec. 2023)

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What is PetroGas Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. PetroGas Co's retained earnings for the quarter that ended in Dec. 2023 was $-142.26 Mil.

PetroGas Co's quarterly retained earnings declined from Jun. 2023 ($-142.23 Mil) to Sep. 2023 ($-142.25 Mil) and declined from Sep. 2023 ($-142.25 Mil) to Dec. 2023 ($-142.26 Mil).

PetroGas Co's annual retained earnings declined from Mar. 2021 ($-2.01 Mil) to Mar. 2022 ($-142.10 Mil) and declined from Mar. 2022 ($-142.10 Mil) to Mar. 2023 ($-142.20 Mil).

PetroGas Co Retained Earnings Historical Data

The historical data trend for PetroGas 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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PetroGas Co Retained Earnings Chart

PetroGas Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Retained Earnings

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-1.67

-1.89

-2.01

-142.10

-142.20

PetroGas Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-142.17	-142.20	-142.23	-142.25	-142.26

PetroGas 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.

PetroGas Co (OTCPK:PTCO) 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.

PetroGas Co (PetroGas Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PetroGas Co (OTCPK:PTCO) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

2800 Post Oak Boulevard, Suite 4100, Houston, TX, USA, 77056

Website

http://www.petro-gas.co

PetroGas Co is an oil and gas exploration and production company. It is focused on the acquisition of properties in areas with significant oil reserves and drilling potential.

Executives

Mark Corrao	officer: CFO	531 AIRPORT NORTH OFFICE PARK, FORT WAYNE IN 46825
Robert Wiener	director	2537 S. GESSNER, #201, HOUSTON TX 77063
Joe Madison Seabourn	director	2925 ROBERTSON DR., ABILENE TX 79606
Huang Yu	director, officer: President, Secretary, Treasure	GAO XIN KAI FA QU GAO XIN SI LU ZHONG, JIAN SAN JU RONG HE TIAN YU XIANG MU BU, LIU ZHOU, GUANG XI F4 00000
Xiang Wu Zheng	10 percent owner	HOA SI SHA JING LU 1 HAO 51 HU LONG TIAN, ZHENG, CHAO NAN QU, SHAN TOU, HUANG DONG F4 00000

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