Phoenix Plus (Phoenix Plus) Retained Earnings : $-2.31 Mil (As of Jan. 2024)

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What is Phoenix Plus Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Phoenix Plus's retained earnings for the quarter that ended in Jan. 2024 was $-2.31 Mil.

Phoenix Plus's quarterly retained earnings declined from Jul. 2023 ($-2.15 Mil) to Oct. 2023 ($-2.19 Mil) and declined from Oct. 2023 ($-2.19 Mil) to Jan. 2024 ($-2.31 Mil).

Phoenix Plus's annual retained earnings declined from Jul. 2021 ($-1.15 Mil) to Jul. 2022 ($-1.76 Mil) and declined from Jul. 2022 ($-1.76 Mil) to Jul. 2023 ($-2.15 Mil).

Phoenix Plus Retained Earnings Historical Data

The historical data trend for Phoenix Plus'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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Phoenix Plus Retained Earnings Chart

Phoenix Plus Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

Retained Earnings

-0.81

-1.15

-1.76

-2.15

Phoenix Plus Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Retained Earnings	Get a 7-Day Free Trial												-1.90	-2.04	-2.15	-2.19	-2.31

Phoenix Plus 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.

Phoenix Plus (OTCPK:PXPC) 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.

Phoenix Plus (Phoenix Plus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Phoenix Plus Corp (OTCPK:PXPC) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

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Address

2-3 & 2-5 Bedford Business Park, Jalan 3/137B, Batu 5, Jalan Kelang Lama, Kuala Lumpur, MYS, 58200

Website

https://phoenixpluscorp.com

Phoenix Plus Corp through its Hong Kong subsidiary is engaged in providing technical consultancy on solar power systems and consultancy on green energy solutions, with an additional focus on the commercialization of a targeted portfolio of solar products and technologies for a wide range of applications including electrical power production. The company is geographically segmented in United States, Malaysia and Hong Kong, out of which it generates majority of its revenue from Malaysia.

Phoenix Plus (Phoenix Plus) Headlines

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