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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Touchpoint Group Holdings's retained earnings for the quarter that ended in Sep. 2022 was $-75.19 Mil.
Touchpoint Group Holdings's quarterly retained earnings declined from Mar. 2022 ($-71.14 Mil) to Jun. 2022 ($-72.62 Mil) and declined from Jun. 2022 ($-72.62 Mil) to Sep. 2022 ($-75.19 Mil).
Touchpoint Group Holdings's annual retained earnings declined from Dec. 2019 ($-61.36 Mil) to Dec. 2020 ($-64.91 Mil) and declined from Dec. 2020 ($-64.91 Mil) to Dec. 2021 ($-70.10 Mil).
The historical data trend for Touchpoint Group Holdings'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.
Touchpoint Group Holdings Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | -41.09 | -54.85 | -61.36 | -64.91 | -70.10 |
Touchpoint Group Holdings 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 | -68.07 | -70.10 | -71.14 | -72.62 | -75.19 |
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.
Touchpoint Group Holdings (OTCPK:TGHI) 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.
Zhanming Wu | 10 percent owner | ROOM 703, BUILDING NO. 5, NO. 868 PUMING ROAD, SHANGHAI F4 200120 |
Ajing Zhang | director | ROOM 901, NO. 4, LANE 999, SHI LONG ROAD, XUHUI DISTRICT, SHANGHAI F4 200237 |
Pengfei Li | director | ROOM 601, NO. 11, LANE 1188, SOUTH WANPING ROAD, XUHUI DISTRICT, SHANGHAI F4 200232 |
Edwin Lun | officer: Chief Operating Officer | ROOM 1808,18/F HUTCHISON HSE.10 HARCOURT, HONG KONG F4 XXXXXXX |
Mark Brian White | director, 10 percent owner, officer: Chief Executive Officer | IMMEUBLE MILA, CHAMPERY V8 1874 |
Martin Christopher Ward | director, officer: Chief Financial Officer | CHALKSTREAM, KINGS SOMBORNE, STOCKBRIDGE X0 S020 6NZ |
Robert Paul Vogler | director | INDUSTRIESTRASSE 40, ZUG V8 CH6300 |
Robert Philip Law | director | 2 TOWER MEWS, SALISBURY X0 SP1 3DJ |
Charles Richard Vos | director | 45 STAR STREET, LONDON X0 W2 1QA |
Nicholas Paul Carpinello | director | 1686 BEECHSHIRE DRIVE, CINCINNATI OH 45255 |
Stephen Michael Austin | director | 39 TEMPLE FORTUNE HILL, LONDON X0 NW11 7XP |
Brian James Collins | director, 10 percent owner, officer: VP, Chief Technology Officer | HEIDWEG 7B, KLOSTERS V8 7250 |
John D Hannesson | officer: Exec VP, Secretary | 18661 VIA PALATINO, IRVINE CA 92603 |
Kenneth F Raznick | director, 10 percent owner, officer: Chairman of the Board | ONE WAKONDA, DOVE CANYON CA 92679 |
Mark Dicamillo | officer: Exec VP, COO | ONE WAKONDA, DOVE CANYON CA 92679 |
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