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LZG International (LZG International) Retained Earnings : $-11.50 Mil (As of Feb. 2023)


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What is LZG International Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. LZG International's retained earnings for the quarter that ended in Feb. 2023 was $-11.50 Mil.

LZG International's quarterly retained earnings declined from Aug. 2022 ($-7.99 Mil) to Nov. 2022 ($-11.71 Mil) but then increased from Nov. 2022 ($-11.71 Mil) to Feb. 2023 ($-11.50 Mil).

LZG International's annual retained earnings declined from May. 2020 ($-3.32 Mil) to May. 2021 ($-3.35 Mil) and declined from May. 2021 ($-3.35 Mil) to May. 2022 ($-4.27 Mil).


LZG International Retained Earnings Historical Data

The historical data trend for LZG International'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.

LZG International Retained Earnings Chart

LZG International Annual Data
Trend May13 May14 May15 May16 May17 May18 May19 May20 May21 May22
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.27 -3.30 -3.32 -3.35 -4.27

LZG International Quarterly Data
May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23
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 -3.35 -4.27 -7.99 -11.71 -11.50

LZG International 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.


LZG International  (OTCPK:LZGI) 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.


LZG International (LZG International) Business Description

Traded in Other Exchanges
N/A
Address
135 West 41st Street, Suite 5-104, New York, NY, USA, 10036
LZG International Inc is a AI Solutions company empowering 500M-strong star enterprises of tomorrow (aka mSMEs) to grow, innovate, and drive the majority of the global economy.
Executives
Michael T. Moe director C/O NEXT INNOVATION CORP., 2965 WOODSIDE ROAD, WOODSIDE CA 94062
Peter Benjamin Ritz director, 10 percent owner, officer: Chief Executive Officer 2157 SOUTH LINCOLN STREET, SALT LAKE CITY UT 84106
Rajarshi Das 10 percent owner, other: CDS & MD of Al App 7 WAMPUS AVENUE, ARMONK NY 10504
Shawn R. Carey officer: Chief Operating Officer 1156 N NEW STREET, WEST CHESTER PA 19382
First Equity Holdings Corp 10 percent owner 2157 S LINCOLN ST, SALT LAKE CITY UT 84106
Greg L Popp director, officer: President 455 EAST 400 SOUTH, SUITE #5, SALT LAKE CITY UT 84111

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