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Goldenstone Acquisition (Goldenstone Acquisition) Retained Earnings : $-4.62 Mil (As of Mar. 2024)


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What is Goldenstone Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Goldenstone Acquisition's retained earnings for the quarter that ended in Mar. 2024 was $-4.62 Mil.

Goldenstone Acquisition's quarterly retained earnings declined from Sep. 2023 ($-3.97 Mil) to Dec. 2023 ($-4.55 Mil) and declined from Dec. 2023 ($-4.55 Mil) to Mar. 2024 ($-4.62 Mil).

Goldenstone Acquisition's annual retained earnings declined from Mar. 2022 ($-0.06 Mil) to Mar. 2023 ($-2.10 Mil) and declined from Mar. 2023 ($-2.10 Mil) to Mar. 2024 ($-4.62 Mil).


Goldenstone Acquisition Retained Earnings Historical Data

The historical data trend for Goldenstone 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.

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Goldenstone Acquisition Retained Earnings Chart

Goldenstone Acquisition Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Retained Earnings
- -0.06 -2.10 -4.62

Goldenstone Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -2.10 -3.51 -3.97 -4.55 -4.62

Goldenstone 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.


Goldenstone Acquisition  (NAS:GDST) 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.


Goldenstone Acquisition (Goldenstone Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
4360 E New York Street, Aurora, IL, USA, 60504
Website
Goldenstone Acquisition Ltd is a newly organized blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Executives
Pin Tai director CATHAY GENERAL BANCORP, 9650 FLAIR DRIVE, EL MONTE CA 91731
Yongsheng Liu officer: Chief Operating Officer FLAT A, 6/F, BLOCK A, TONNOCHY TOWERS, N0. 272 JAFFE ROAD, WANCHAI, HONG KONG F4 00000
Ray Lei Chen director, officer: Chief Financial Officer FLAT A, 6/F, BLOCK A, TONNOCHY TOWERS, NO.272 JAFFE ROAD, WANCHAI, HONG KONG F4 00000
Nan Sun director 4360 E. NEW YORK STREET, AURORA IL 60504
Eddie Juling Ni director, officer: Chief Executive Officer 4360 E. NEW YORK STREET, AURORA IL 60504