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Global Technologies (Global Technologies) Retained Earnings : $-166.95 Mil (As of Mar. 2024)


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What is Global Technologies Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Global Technologies's retained earnings for the quarter that ended in Mar. 2024 was $-166.95 Mil.

Global Technologies's quarterly retained earnings declined from Sep. 2023 ($-166.25 Mil) to Dec. 2023 ($-169.71 Mil) but then increased from Dec. 2023 ($-169.71 Mil) to Mar. 2024 ($-166.95 Mil).

Global Technologies's annual retained earnings declined from Jun. 2021 ($-165.17 Mil) to Jun. 2022 ($-166.44 Mil) and declined from Jun. 2022 ($-166.44 Mil) to Jun. 2023 ($-167.48 Mil).


Global Technologies Retained Earnings Historical Data

The historical data trend for Global Technologies'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.

Global Technologies Retained Earnings Chart

Global Technologies Annual Data
Trend Oct97 Oct98 Jun99 Jun00 Jun01 Jun19 Jun20 Jun21 Jun22 Jun23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -160.39 -160.94 -165.17 -166.44 -167.48

Global Technologies Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -166.99 -167.48 -166.25 -169.71 -166.95

Global Technologies 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.


Global Technologies  (OTCPK:GTLL) 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.


Global Technologies (Global Technologies) Business Description

Traded in Other Exchanges
N/A
Address
8 Campus Drive, Suite 105, Parsippany, NJ, USA, 07054
Global Technologies Ltd through its subsidiaries is engaged in the online sales of CBD and hemp related products, the acquisition of intellectual property in the safety and security space, and as a portal for entrepreneurs to provide immediate access to live shopping, e-commerce, and product placement in brick and mortar retail outlets.
Executives
Jimmy Wayne Anderson director, 10 percent owner, officer: President 501 1ST AVENUE NORTH, SUITE 901, ST. PETERSBURG FL 33701
Jaycee James 10 percent owner 9298 SVL BOX, VICTORVILLE CA 92395