SOS (SOS) Retained Earnings : $-283.7 Mil (As of Jun. 2023)

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What is SOS Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. SOS's retained earnings for the quarter that ended in Jun. 2023 was $-283.7 Mil.

SOS's quarterly retained earnings declined from Jun. 2022 ($-57.7 Mil) to Dec. 2022 ($-272.9 Mil) and declined from Dec. 2022 ($-272.9 Mil) to Jun. 2023 ($-283.7 Mil).

SOS's annual retained earnings declined from Dec. 2020 ($5.8 Mil) to Dec. 2021 ($-43.4 Mil) and declined from Dec. 2021 ($-43.4 Mil) to Dec. 2022 ($-272.9 Mil).

SOS Retained Earnings Historical Data

The historical data trend for SOS'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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SOS Retained Earnings Chart

SOS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Retained Earnings

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-283.18

-293.08

5.84

-43.41

-272.92

SOS Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Retained Earnings	Get a 7-Day Free Trial												-14.57	-43.41	-57.75	-272.92	-283.73

SOS 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.

SOS (NYSE:SOS) 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.

SOS (SOS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » SOS Ltd (NYSE:SOS) » Definitions » Retained Earnings

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Traded in Other Exchanges

2C3:Germany

Address

298 Haijing Road, Yinzhu Street, Building 6, East Seaview Park, West Coast New District, Shandong Province, Qingdao, CHN, 266400

Website

https://www.sosyun.com

SOS Ltd is engaged in the provision of emergency rescue business providing emergency healthcare services, emergency roadside assistance, emergency living assistance, and other rescue services in China. The company's segment includes Insurance marketing; Commodity trading and others. It generates maximum revenue from the Commodity trading segment. Its services are sold to corporate clients and individual members. Its services include SOS medical rescue card, SOS auto rescue card, SOS financial rescue card, SOS life rescue card, SOS cloud call center, and SOS big data management cloud.