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Coda Octopus Group (Coda Octopus Group) Retained Earnings : $-10.42 Mil (As of Jan. 2024)


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What is Coda Octopus Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Coda Octopus Group's retained earnings for the quarter that ended in Jan. 2024 was $-10.42 Mil.

Coda Octopus Group's quarterly retained earnings declined from Jul. 2023 ($-10.73 Mil) to Oct. 2023 ($-11.05 Mil) but then increased from Oct. 2023 ($-11.05 Mil) to Jan. 2024 ($-10.42 Mil).

Coda Octopus Group's annual retained earnings increased from Oct. 2021 ($-18.48 Mil) to Oct. 2022 ($-14.18 Mil) and increased from Oct. 2022 ($-14.18 Mil) to Oct. 2023 ($-11.05 Mil).


Coda Octopus Group Retained Earnings Historical Data

The historical data trend for Coda Octopus Group'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.

* Premium members only.

Coda Octopus Group Retained Earnings Chart

Coda Octopus Group Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -26.77 -23.43 -18.48 -14.18 -11.05

Coda Octopus Group Quarterly Data
Apr19 Jul19 Oct19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -12.78 -11.77 -10.73 -11.05 -10.42

Coda Octopus Group 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.


Coda Octopus Group  (NAS:CODA) 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.


Coda Octopus Group (Coda Octopus Group) Business Description

Traded in Other Exchanges
N/A
Address
3300 S Hiawassee Road, Suite 104-105, Orlando, FL, USA, 32835
Coda Octopus Group Inc develops underwater technologies and equipment for imaging, mapping defense, and survey applications. It operates in two segments: Marine Technology Business and Marine Engineering Business. The Technology Business develops proprietary solutions for both the commercial and defense subsea market. Its solutions include hardware and software for Geophysical Systems, Motion & Positioning Systems, and Real-Time Volumetric Imaging Sonar. The Engineering Business segment provides engineering services to a range of clients in the defense markets. Its geographical segments are the Americas, Europe, Australia/Asia, and the Middle East/Africa. The majority of revenue is derived from the Marine Technology Business segment.
Executives
Annmarie Gayle director, officer: Chief Executive Officer 6526 COTTONWOOD ST,, MURRAY UT 84107
Niels Soendergaard 10 percent owner 6526 COTTONWOOD ST, MURRAY UT 84107
G Tyler Runnels 10 percent owner 1999 AVENUE OF THE STARS, STE 2030, LOS ANGELES CA 90067
John Steven Emerson 10 percent owner 1522 ENSLEY AVENUE, LOS ANGELES CA 90024
Anthony Jean Tata director 1 WATER CLUB WAY,, PH2104, NORTH PALM BEACH FL 33408
Robert Ronald Harcourt director 3078 BRINE WAY, THE VILLAGES FL 32163
Gayle Michelle Jardine officer: Interim CFO. 12 RAVELRIG GAIT,, BALERNO, EDINBURGH X0 EH14 7NH
Blair Graeme Cunningham officer: Chief Technology Officer 164 WEST 25TH STREET, NEW YORK NY 10001
Nathan William Parker officer: Chief Financial Officer. 14061 S. OLD SADDLE RD, DRAPER UT 84020
Kevin James Kane officer: CEO Coda Octopus Colmek, Inc. 11864 VISTA GLEN CT, SANDY UT 84092
Michael Midgley officer: Acting Chief Financial Officer 6526 COTTONWOOD ST,, MURRAY UT 84107
Michael J. Hamilton director NEWPORT OFFICE CENTER, 111 TOWN SQUARE PLACE, SUITE 1201, JERSEY CITY NJ 07310
Bryan Ezralow 10 percent owner THE EZRALOW CO, LLC, 23622 CALABASAS ROAD, SUITE 200, CALABASAS CA 91302-1549
Mary Losty director 613 LOCUST ST, CAMBRIDGE MD 21613
Joseph Charles Plumb director 3917, FAIRBREEZE CIR, WESTLAKE VLG CA 91361