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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Nordicus Partners's retained earnings for the quarter that ended in Dec. 2023 was $-42.41 Mil.
Nordicus Partners's quarterly retained earnings declined from Jun. 2023 ($-42.24 Mil) to Sep. 2023 ($-42.34 Mil) and declined from Sep. 2023 ($-42.34 Mil) to Dec. 2023 ($-42.41 Mil).
Nordicus Partners's annual retained earnings increased from . 20 ($0.00 Mil) to Mar. 2022 ($-33.73 Mil) but then declined from Mar. 2022 ($-33.73 Mil) to Mar. 2023 ($-42.20 Mil).
The historical data trend for Nordicus Partners'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.
Nordicus Partners Annual Data | |||||
Trend | Mar22 | Mar23 | |||
Retained Earnings | -33.73 | -42.20 |
Nordicus Partners Quarterly Data | ||||||||
Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Retained Earnings | Get a 7-Day Free Trial | - | -42.20 | -42.24 | -42.34 | -42.41 |
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.
Nordicus Partners (OTCPK:NORD) 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.
Partners Aps Gk | 10 percent owner | MESTERLODDEN 3B, GENTOFTE G7 2820 |
Henrik Rouf | 10 percent owner | 468 N. CAMDEN DR., SUITE 350, BEVERLY HILLS CA 90210 |
Henrik Oerbekker | 10 percent owner | 94, RUE DES AUBEPINES, L-1145, LUXEMBOURG N4 2449 |
Khristine L Carroll | officer: EVP Commercial Operations | 229 ANDOVER STREET, WILMINGTON MA 01887 |
Mark R Tauscher | director | |
Oneill William J Jr | director | 4000 HOLLYWOOD BLVD STE 650N, HOLLYWOOD FL 33021 |
Michael L Barretti | director | 78 E OLYMPIA AVE, C/O CARDIO TECH INTERNATIONAL INC, WOBURN MA 01810-2057 |
Michael F Adams | director, officer: Chief Executive Officer | 78 E OLYMPIA AVE, C/O CARDIO TECH INTERNATIONAL INC, WOBURN MA 01810-2057 |
David Crispino Volpe | officer: Chief Financial Officer | 235 STONEBRIDGE DRIVE, NASHUA NH 03063 |
Eric G Walters | officer: Vice President and CFO | C/O MFIC CORP, 30 OSSIPEE RD., NEWTON MA 02464 |
Andrew Martin Reed | officer: VP of Science and Technology | 12106 WEST 75TH LANE, ARVADA CO 80005 |
Philip Alan Beck | other: General manager | 1230 CREEKSIDE CROSSING, STILLWATER MN 55082 |
Jeremiah E Dorsey | director | P.O. BOX 910, QUECHEE VT 05059 |
Leslie M Taeger | officer: CFO | |
Douglas E Whittaker | officer: President Gish Biomedical |
From GuruFocus
By sperokesalga sperokesalga • 05-22-2023
By Marketwired • 06-21-2023
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