Sagaliam Acquisition (Sagaliam Acquisition) Retained Earnings : $-8.39 Mil (As of Sep. 2023)

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What is Sagaliam Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Sagaliam Acquisition's retained earnings for the quarter that ended in Sep. 2023 was $-8.39 Mil.

Sagaliam Acquisition's quarterly retained earnings declined from Mar. 2023 ($-7.43 Mil) to Jun. 2023 ($-8.12 Mil) and declined from Jun. 2023 ($-8.12 Mil) to Sep. 2023 ($-8.39 Mil).

Sagaliam Acquisition's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2021 ($-3.18 Mil) but then declined from Dec. 2021 ($-3.18 Mil) to Dec. 2022 ($-6.88 Mil).

Sagaliam Acquisition Retained Earnings Historical Data

The historical data trend for Sagaliam Acquisition'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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Sagaliam Acquisition Retained Earnings Chart

Sagaliam Acquisition Annual Data

Trend

Dec21

Dec22

Retained Earnings

-3.18

-6.88

Sagaliam Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Retained Earnings	Get a 7-Day Free Trial						-4.32	-6.88	-7.43	-8.12	-8.39

Sagaliam Acquisition 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.

Sagaliam Acquisition (NAS:SAGA) 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.

Sagaliam Acquisition (Sagaliam Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Sagaliam Acquisition Corp (NAS:SAGA) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

1800 Avenue of the Stars, Suite 1475, Los Angeles, CA, USA, 90067

Website

https://www.sagaliam.com

Sagaliam Acquisition Corp is a blank check company.

Executives

Gld Sponsor Member, Llc	10 percent owner	11420 SANTA MONICA BLVD, BOX 251961, LOS ANGELES CA 90025
Alan H Ginsburg	10 percent owner	161 PALMER AVNUE, WINTER PARK FL 32789
Barry Kostiner	director, officer: Chairman and CEO	C/O AMERI HOLDINGS, INC., 5000 RESEARCH COURT, SUITE 750, SUWANEE GA 30024
Sagaliam Sponsor Llc	10 percent owner	1835 W. OLYMPIC BLVD, SUITE 1150E, LOS ANGELES CA 90064
Thomas W. Neukranz	director, officer: Chief Financial Officer	1800 AVENUE OF THE STARS, SUITE 1475, LOS ANGELES CA 90067
George Caruolo	director	1800 AVENUE OF THE STARS, SUITE 1475, LOS ANGELES CA 90067
Virginia Gabriel Del	director	1800 AVENUE OF THE STARS, SUITE 1475, LOS ANGELES CA 90067
Glauco Lolli-ghetti	director	1800 AVENUE OF THE STARS, SUITE 1475, LOS ANGELES CA 90067
Jiayin Liu	officer: VP, Business Development	1800 AVENUE OF THE STARS, SUITE 1475, LOS ANGELES CA 90067