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Sterling Consolidated (Sterling Consolidated) Retained Earnings : $-0.27 Mil (As of Sep. 2022)


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What is Sterling Consolidated Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Sterling Consolidated's retained earnings for the quarter that ended in Sep. 2022 was $-0.27 Mil.

Sterling Consolidated's quarterly retained earnings increased from Mar. 2022 ($-0.34 Mil) to Jun. 2022 ($-0.20 Mil) but then declined from Jun. 2022 ($-0.20 Mil) to Sep. 2022 ($-0.27 Mil).

Sterling Consolidated's annual retained earnings declined from Dec. 2019 ($-1.10 Mil) to Dec. 2020 ($-1.18 Mil) but then increased from Dec. 2020 ($-1.18 Mil) to Dec. 2021 ($-0.37 Mil).


Sterling Consolidated Retained Earnings Historical Data

The historical data trend for Sterling Consolidated'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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Sterling Consolidated Retained Earnings Chart

Sterling Consolidated Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.25 -1.32 -1.10 -1.18 -0.37

Sterling Consolidated Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 -0.33 -0.37 -0.34 -0.20 -0.27

Sterling Consolidated 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.


Sterling Consolidated  (OTCPK:STCC) 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.


Sterling Consolidated (Sterling Consolidated) Business Description

Traded in Other Exchanges
N/A
Address
1105 Green Grove Road, Neptune, NJ, USA, 07753
Sterling Consolidated Corp is engaged in the distribution and sale of O-rings used for sealing purposes. It also distributes rubber seals, oil seals, custom molded rubber parts, custom Teflon parts, Teflon rods, O-ring cord, bonded seals, O-ring kits, and stuffing box sealantsbna. These are used in different industries such as automotive, pump, transmissions, oil and energy, machinery, and packaging. It is mainly used as seals to prevent leakage of liquids or air. The company generates most of its revenues through the sale of O-rings and rubber seal products in the US.
Executives
Darren Derosa director, 10 percent owner, officer: Chief Executive Officer 1105 GREEN GROVE ROAD, NEPTUNE NJ 07753