Hipgnosis Songs Fund (LSE:SONG) Retained Earnings : £-288.02 Mil (As of Sep. 2023)

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What is Hipgnosis Songs Fund Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Hipgnosis Songs Fund's retained earnings for the quarter that ended in Sep. 2023 was £-288.02 Mil.

Hipgnosis Songs Fund's quarterly retained earnings declined from Sep. 2022 (£-145.44 Mil) to Mar. 2023 (£-208.85 Mil) and declined from Mar. 2023 (£-208.85 Mil) to Sep. 2023 (£-288.02 Mil).

Hipgnosis Songs Fund's annual retained earnings declined from Mar. 2021 (£-2.76 Mil) to Mar. 2022 (£-81.64 Mil) and declined from Mar. 2022 (£-81.64 Mil) to Mar. 2023 (£-208.85 Mil).

Hipgnosis Songs Fund Retained Earnings Historical Data

The historical data trend for Hipgnosis Songs Fund'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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Hipgnosis Songs Fund Retained Earnings Chart

Hipgnosis Songs Fund Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Retained Earnings

0.33

7.48

-2.76

-81.64

-208.85

Hipgnosis Songs Fund Semi-Annual Data
	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Retained Earnings	Get a 7-Day Free Trial				-47.29	-81.64	-145.44	-208.85	-288.02

Hipgnosis Songs Fund 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.

Hipgnosis Songs Fund (LSE:SONG) 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.

Hipgnosis Songs Fund (LSE:SONG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hipgnosis Songs Fund Ltd (LSE:SONG) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

Trafalgar Court, Les Banques, P.O. Box 286, Floor 2, Saint Peter Port, GGY, GY1 4LY

Website

https://www.hipgnosissongs.com

Hipgnosis Songs Fund Ltd is an investment company. The company's investment objective is to provide shareholders with an attractive and growing level of income, together with the potential for capital growth. It offers to play exposure to songs and associated musical intellectual property rights. Hipgnosis Songs Fund serves customers globally.