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Kenilworth Systems (Kenilworth Systems) Retained Earnings : $-39.58 Mil (As of Mar. 2024)


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What is Kenilworth Systems Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Kenilworth Systems's retained earnings for the quarter that ended in Mar. 2024 was $-39.58 Mil.

Kenilworth Systems's quarterly retained earnings declined from Sep. 2023 ($-39.41 Mil) to Dec. 2023 ($-39.46 Mil) and declined from Dec. 2023 ($-39.46 Mil) to Mar. 2024 ($-39.58 Mil).

Kenilworth Systems's annual retained earnings declined from Dec. 2021 ($-39.27 Mil) to Dec. 2022 ($-39.28 Mil) and declined from Dec. 2022 ($-39.28 Mil) to Dec. 2023 ($-39.46 Mil).


Kenilworth Systems Retained Earnings Historical Data

The historical data trend for Kenilworth Systems'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.

Kenilworth Systems Retained Earnings Chart

Kenilworth Systems Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -39.25 -39.26 -39.27 -39.28 -39.46

Kenilworth Systems Quarterly Data
Mar11 Jun11 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 -39.29 -39.32 -39.41 -39.46 -39.58

Kenilworth Systems 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.


Kenilworth Systems  (OTCPK:KENS) 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.


Kenilworth Systems (Kenilworth Systems) Business Description

Traded in Other Exchanges
N/A
Address
721 Beach Street, Daytona Beach, FL, USA, 32114
Kenilworth Systems Corp is a leader in developing state of the art online wagering technology for casino clients. The company uses systems which are provide highly secure connection between a casino and a client that transmits real time high-definition video directly from a live game to the client; and carries two-way game and player-specific wagering data. The business activities are functioned through Las Vegas and London.

Kenilworth Systems (Kenilworth Systems) Headlines

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