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Zaggle Prepaid Ocean Services (BOM:543985) Retained Earnings : ₹0 Mil (As of Mar. 2024)


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What is Zaggle Prepaid Ocean Services Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Zaggle Prepaid Ocean Services's retained earnings for the quarter that ended in Mar. 2024 was ₹0 Mil.

Zaggle Prepaid Ocean Services's annual retained earnings increased from Mar. 2022 (₹-154 Mil) to Mar. 2023 (₹75 Mil) but then declined from Mar. 2023 (₹75 Mil) to Mar. 2024 (₹0 Mil).


Zaggle Prepaid Ocean Services Retained Earnings Historical Data

The historical data trend for Zaggle Prepaid Ocean Services'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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Zaggle Prepaid Ocean Services Retained Earnings Chart

Zaggle Prepaid Ocean Services Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Retained Earnings
-673.20 -479.90 -154.44 74.57 -

Zaggle Prepaid Ocean Services Quarterly Data
Mar20 Mar21 Mar22 Jun22 Sep22 Mar23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial Premium Member Only - 74.57 - - -

Zaggle Prepaid Ocean Services 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.


Zaggle Prepaid Ocean Services  (BOM:543985) 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.


Zaggle Prepaid Ocean Services (BOM:543985) Business Description

Traded in Other Exchanges
Address
Yadav Nagar, Boomerang Building, Ground Floor, B-1004, Chandivali, Powai, Mumbai, MH, IND, 400072
Zaggle Prepaid Ocean Services Ltd is a leading player in spend management, with a differentiated value proposition and diversified user base. The company operates in a segment where it interacts and interfaces with its Customers and end Users and is among a small number of uniquely positioned players with a diversified offering of financial technology (fintech) products and services, having one of the largest number of issued prepaid cards in India in partnership with certain of its banking partners. It has a diversified portfolio of software as a service (SaaS), including tax and payroll software, and a wide touchpoint reach.

Zaggle Prepaid Ocean Services (BOM:543985) Headlines

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