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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. JanOne's retained earnings for the quarter that ended in Mar. 2024 was $-52.78 Mil.
JanOne's quarterly retained earnings declined from Sep. 2023 ($-32.83 Mil) to Dec. 2023 ($-50.63 Mil) and declined from Dec. 2023 ($-50.63 Mil) to Mar. 2024 ($-52.78 Mil).
JanOne's annual retained earnings increased from Dec. 2021 ($-53.80 Mil) to Dec. 2022 ($-42.82 Mil) but then declined from Dec. 2022 ($-42.82 Mil) to Dec. 2023 ($-50.63 Mil).
The historical data trend for JanOne'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.
JanOne Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | -28.42 | -36.92 | -53.80 | -42.82 | -50.63 |
JanOne 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 | -32.74 | -32.61 | -32.83 | -50.63 | -52.78 |
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.
JanOne (NAS:JAN) 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.
Virland A Johnson | officer: Chief Financial Officer | 20488 N 86 LANE, PEORIA AZ 85382 |
Antonios Isaac | director, officer: Chief Executive Officer | 3525 DEL MAR HEIGHTS RD., #765, SAN DIEGO CA 92130 |
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Eric Bolling | director, officer: President and Chairman | 325 E. WARM SPRINGS ROAD SUITE 102, LAS VEGAS NV 89119 |
Isaac Capital Group, Llc | 10 percent owner | 501 W. BROADWAY, #A212, SAN DIEGO CA 92101 |
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Nael Hajjar | director | 175 JACKSON AVENUE NORTH, SUITE 102, MINNEAPOLIS MN 55343-4565 |
Bradley Bremer | officer: President of ApplianceSmart | 175 JACKSON AVE N, SUITE 102, MINNEAPOLIS MN 55343 |
Dennis Gao | director | 325 E. WARM SPRINGS ROAD, SUITE 102, LAS VEGAS NV 89119 |
James P Harper | officer: COO | 175 JACKSON AVE N, SUITE 102, MINNEAPOLIS MN 55343 |
Timothy Matula | director | 175 JACKSON AVE N, SUITE 102, MINNEAPOLIS MN 55343 |
Rachel Holmes | officer: EVP of ARCA Recycling | 175 JACKSON AVE N., SUITE 102, MINNEAPOLIS MN 55343 |
Richard Butler | director | 4840 EAST JASMINE ST., SUITE 105, MESA AZ 85205 |
Brian Conners | director | 7400 EXCELSIOR BLVD., MINNEAPOLIS MN 55426 |
Jeffery Ostapeic | officer: CFO | 7400 EXCELSIOR BLVD, MINNEAPOLIS MN 55426 |
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