Bank AlJazira (SAU:1020) Retained Earnings : ﷼2,036 Mil (As of Mar. 2024)

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What is Bank AlJazira Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Bank AlJazira's retained earnings for the quarter that ended in Mar. 2024 was ﷼2,036 Mil.

Bank AlJazira's quarterly retained earnings declined from Sep. 2023 (﷼1,804 Mil) to Dec. 2023 (﷼1,735 Mil) but then increased from Dec. 2023 (﷼1,735 Mil) to Mar. 2024 (﷼2,036 Mil).

Bank AlJazira's annual retained earnings increased from Dec. 2021 (﷼1,017 Mil) to Dec. 2022 (﷼1,095 Mil) and increased from Dec. 2022 (﷼1,095 Mil) to Dec. 2023 (﷼1,735 Mil).

Bank AlJazira Retained Earnings Historical Data

The historical data trend for Bank AlJazira'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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Bank AlJazira Retained Earnings Chart

Bank AlJazira Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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505.01

598.32

1,017.35

1,094.79

1,735.36

Bank AlJazira Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial															1,298.83	1,517.30	1,803.95	1,735.36	2,035.80

Bank AlJazira 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.

Bank AlJazira (SAU:1020) 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.

Bank AlJazira (SAU:1020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank AlJazira (SAU:1020) » Definitions » Retained Earnings

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Address

7724 King Abdulaziz Road, P.O Box 6277, Al-Shatea District, Jeddah, SAU, 21442

Website

https://www.baj.com.sa

Bank AlJazira provides banking services. The Group is organized into the following main operating segments: Personal banking Deposit includes credit and investment products for individuals. Corporate banking includes Financing, deposits and other credit products for corporate, small to medium sized business and institutional customers. Treasury includes money market, foreign exchange, trading and treasury services. Brokerage and asset management provides shares brokerage services to customers (this segment includes the activities of the Bank's subsidiary AlJazira Capital Company). All of the group's operations are based in the Kingdom of Saudi Arabia, GCC and Middle East, Europe, North America, South East Asia and Other countries.

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