GURUFOCUS.COM » STOCK LIST » Technology » Software » U-BX Technology Ltd (NAS:UBXG) » Definitions » Retained Earnings

U-BX Technology (U-BX Technology) Retained Earnings : $-0.43 Mil (As of Dec. 2023)


View and export this data going back to 2024. Start your Free Trial

What is U-BX Technology Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. U-BX Technology's retained earnings for the quarter that ended in Dec. 2023 was $-0.43 Mil.

U-BX Technology's quarterly retained earnings declined from Dec. 2022 ($-0.17 Mil) to Jun. 2023 ($-0.21 Mil) and declined from Jun. 2023 ($-0.21 Mil) to Dec. 2023 ($-0.43 Mil).

U-BX Technology's annual retained earnings declined from Jun. 2021 ($-0.22 Mil) to Jun. 2022 ($-0.35 Mil) but then increased from Jun. 2022 ($-0.35 Mil) to Jun. 2023 ($-0.21 Mil).


U-BX Technology Retained Earnings Historical Data

The historical data trend for U-BX Technology'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.

* Premium members only.

U-BX Technology Retained Earnings Chart

U-BX Technology Annual Data
Trend Jun20 Jun21 Jun22 Jun23
Retained Earnings
-0.14 -0.22 -0.35 -0.21

U-BX Technology Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Retained Earnings Get a 7-Day Free Trial -0.56 -0.35 -0.17 -0.21 -0.43

U-BX Technology 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.


U-BX Technology  (NAS:UBXG) 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.


U-BX Technology (U-BX Technology) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 1 Linkong Er Road, Shunyi District, Zhongguan Science and Technology Park, Beijing, CHN
Website
U-BX Technology Ltd is focused on providing value-added services using artificial intelligence-driven technology to businesses within the insurance industry, including insurance carriers and brokers. It helps institutional clients obtain visibility on various social media platforms and generate revenue based on consumers' clicks, views, or its clients' promotion time through those channels. The company has also developed an algorithm named Magic Mirror to calculate payout risks for insurance carriers to underwrite auto insurance coverage.

U-BX Technology (U-BX Technology) Headlines