ELM Co (SAU:7203) Retained Earnings : ﷼3,336 Mil (As of Mar. 2024)

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What is ELM Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. ELM Co's retained earnings for the quarter that ended in Mar. 2024 was ﷼3,336 Mil.

ELM Co's quarterly retained earnings increased from Sep. 2023 (﷼2,975 Mil) to Dec. 2023 (﷼3,302 Mil) and increased from Dec. 2023 (﷼3,302 Mil) to Mar. 2024 (﷼3,336 Mil).

ELM Co's annual retained earnings increased from Dec. 2021 (﷼1,955 Mil) to Dec. 2022 (﷼2,404 Mil) and increased from Dec. 2022 (﷼2,404 Mil) to Dec. 2023 (﷼3,302 Mil).

ELM Co Retained Earnings Historical Data

The historical data trend for ELM 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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ELM Co Retained Earnings Chart

ELM Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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1,434.56

1,744.31

1,954.51

2,403.68

3,301.73

ELM Co Quarterly Data
	Dec17	Dec18	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															2,501.00	2,873.77	2,974.92	3,301.73	3,335.73

ELM 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.

ELM Co (SAU:7203) 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.

ELM Co (SAU:7203) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ELM Co (SAU:7203) » Definitions » Retained Earnings

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Address

Al Thaghr, Al Nakheel Dis Digital City, 6614, Unit No 2, Riyadh, SAU, 12382-4182

Website

https://www.elm.sa

ELM Co is engaged in providing ready-made and customized digital solutions in many areas. Its ready-made solutions serve a broad segment of customers, who can subscribe to different packages of their choosing to meet their needs and suffice business requirements. The services offered by the company include Consulting, Data Analysis, and Technical solutions. The segments are Digital Business, Business Process Outsourcing, and Professional Services, out of which the majority are from the Digital Business segment.

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