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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Earth Science Tech's retained earnings for the quarter that ended in Dec. 2023 was $-29.92 Mil.
Earth Science Tech's quarterly retained earnings increased from Jun. 2023 ($-30.59 Mil) to Sep. 2023 ($-30.15 Mil) and increased from Sep. 2023 ($-30.15 Mil) to Dec. 2023 ($-29.92 Mil).
Earth Science Tech's annual retained earnings increased from Mar. 2021 ($-33.30 Mil) to Mar. 2022 ($-30.12 Mil) but then declined from Mar. 2022 ($-30.12 Mil) to Mar. 2023 ($-30.47 Mil).
The historical data trend for Earth Science Tech'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.
Earth Science Tech Annual Data | |||||||||||||||||||||
Trend | Mar13 | Mar14 | Mar15 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | -27.71 | -28.91 | -33.30 | -30.12 | -30.47 |
Earth Science Tech Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Retained Earnings | Get a 7-Day Free Trial | -30.27 | -30.47 | -30.59 | -30.15 | -29.92 |
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.
Earth Science Tech (OTCPK:ETST) 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.
Giorgio R. Saumat | director | 449 ESPLANADE DR, MIAMI SPRINGS FL 33166 |
Majorca Group, Ltd. | 10 percent owner | 1621 CENTRAL AVE, CHEYENNE WY 90501 |
David Barbash | officer: Chief Sales Officer | 109 SWIFT CREEK CROSSING, DURHAM NC 27713 |
Nickolas Salomon Tabraue | director, officer: President & Chairman | 4100 SALZEDO STREET, UNIT 420, CORAL GABLES FL 33146 |
Wendell Hecker | officer: CFO | 2606 NW 104 TH AVE #410, SUNRISE FL 33322 |
Gregg Gagan Hunter | director, officer: COO & Director | 774 86TH STREET, MIAMI FL 33138 |
Michel Aube | officer: CEO & CSO | 8837,RUE DE CHAMP D'EAU, MONTR?AL A8 HIP 3A6 |
Matthew Cohen | officer: CEO & CFO | 1702 COSTA DEL SOL, BOCA RATON FL 33432 |
Thomas H Wright | director, officer: Chief Operating Officer | 1600 SOUTH DIXIE HWY., SUITE 300, BOCA RATON FL 33432 |
Harvey Katz | officer: CEO | 2255 GLADES ROAD, #324A, BOCA RATON FL 33431 |
Issa El-cheikh | director, officer: President | 40 EAST MAIN STREET #998, NEWARK DE 19711 |
Great Lakes Holdings Group, Llc | 10 percent owner | 3825 HUNTINGTON AVENUE, WINDSOR A6 N9E3N4 |
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