Royal Wins (Royal Wins) Retained Earnings : $0.00 Mil (As of Jun. 2022)

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What is Royal Wins Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Royal Wins's retained earnings for the quarter that ended in Jun. 2022 was $0.00 Mil.

Royal Wins's quarterly retained earnings declined from Dec. 2021 ($-17.15 Mil) to Mar. 2022 ($-22.67 Mil) but then increased from Mar. 2022 ($-22.67 Mil) to Jun. 2022 ($0.00 Mil).

Royal Wins's annual retained earnings declined from Dec. 2020 ($-0.30 Mil) to Jun. 2021 ($-16.27 Mil) but then increased from Jun. 2021 ($-16.27 Mil) to Jun. 2022 ($0.00 Mil).

Royal Wins Retained Earnings Historical Data

The historical data trend for Royal Wins'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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Royal Wins Retained Earnings Chart

Royal Wins Annual Data

Trend

Dec19

Dec20

Jun21

Jun22

Retained Earnings

-0.07

-0.30

-16.27

Royal Wins Quarterly Data
	Sep19	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Retained Earnings	Get a 7-Day Free Trial						-16.27	-16.41	-17.15	-22.67	-

Royal Wins 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.

Royal Wins (OTCPK:RYWCF) 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.

Royal Wins (Royal Wins) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Royal Wins Corp (OTCPK:RYWCF) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

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Address

401 Bay Street, Suite 2704, Box 4, Toronto, ON, CAN, M5H2Y4

Website

https://www.royalwins.com

Royal Wins Corp is a digital games studio pioneering skill game wagering and betting on mobile casual games. It designs, develops, and operates real money-wagering skill games, to disrupt and dominate the online gaming space such that all players of legal age can play and win life-changing jackpots and prizes on their skill instead of only on chance and odds. It designs develops and operates pure skill games for both cash and non-cash prizes targeting millennial markets via its primary skill gaming app, the Kash Karnival. Its primary innovation and intellectual property centres around solving big data problems around skill gaming mechanics, algorithms pertaining to balancing cash jackpots, game difficulty modules, and maintenance of return-to-player percentages.

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