GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Accretion Acquisition Corp (NAS:ENER) » Definitions » Retained Earnings

Accretion Acquisition (Accretion Acquisition) Retained Earnings : $-8.50 Mil (As of Sep. 2023)


View and export this data going back to 2021. Start your Free Trial

What is Accretion Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Accretion Acquisition's retained earnings for the quarter that ended in Sep. 2023 was $-8.50 Mil.

Accretion Acquisition's quarterly retained earnings declined from Mar. 2023 ($-8.55 Mil) to Jun. 2023 ($-9.30 Mil) but then increased from Jun. 2023 ($-9.30 Mil) to Sep. 2023 ($-8.50 Mil).

Accretion Acquisition's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2021 ($-6.27 Mil) but then declined from Dec. 2021 ($-6.27 Mil) to Dec. 2022 ($-8.25 Mil).


Accretion Acquisition Retained Earnings Historical Data

The historical data trend for Accretion Acquisition'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.

Accretion Acquisition Retained Earnings Chart

Accretion Acquisition Annual Data
Trend Dec21 Dec22
Retained Earnings
-6.27 -8.25

Accretion Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -7.68 -8.25 -8.55 -9.30 -8.50

Accretion Acquisition 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.


Accretion Acquisition  (NAS:ENER) 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.


Accretion Acquisition (Accretion Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
240 Saint Paul, Suite 502, Denver, CO, USA, 80206
Accretion Acquisition Corp is a blank check company.
Executives
Christopher A Wright director 106 ALTA VISTA AVENUE, MILL VALLEY CA 94941
Cary D. Steinbeck director 950 17TH STREET, SUITE 2000, DENVER CO 80202
Daniel Silverman director, officer: COO and Director 3355 WEST ALABAMA, HOUSTON TX 77098
Charles Gwirtsman director C/O GLOBAL EMPLOYMENT HOLDINGS, INC., 10375 PARK MEADOWS DR., SUITE 375, LONE TREE CO 80124
Daniel Posner director 120 WEST FORTY-FIFTH STREET, 39TH FLOOR, NEW YORK NY 10036
Accretion Acquisition Sponsor, Llc 10 percent owner 410 17TH STREET #1110, DENVER CO 80202
Douglas C. Sandridge officer: Vice President 240 SAINT PAUL STREET, SUITE 505, DENVER CO 80206
Hess Conor officer: Vice President 410 17TH STREET #1110, DENVER CO 80202
Michael Grant Farn officer: CFO 410 17TH STREET #1110, DENVER CO 80202
Brad Morse director, officer: CEO and Director 410 17TH STREET #1110, DENVER CO 80202
Ryan Stuart Sullivan officer: SVP and Secretary 410 17TH STREET #110, DENVER CO 80202
Ron Maor director 410 17TH STREET #1100, DENVER CO 80202