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CleanCore Solutions (CleanCore Solutions) Retained Earnings : $-5.81 Mil (As of Dec. 2023)


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What is CleanCore Solutions Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. CleanCore Solutions's retained earnings for the quarter that ended in Dec. 2023 was $-5.81 Mil.

CleanCore Solutions's quarterly retained earnings declined from Mar. 2023 ($-4.36 Mil) to Jun. 2023 ($-5.02 Mil) and declined from Jun. 2023 ($-5.02 Mil) to Dec. 2023 ($-5.81 Mil).

CleanCore Solutions's annual retained earnings declined from Jun. 2021 ($-7.68 Mil) to Jun. 2022 ($-8.23 Mil) but then increased from Jun. 2022 ($-8.23 Mil) to Jun. 2023 ($-5.02 Mil).


CleanCore Solutions Retained Earnings Historical Data

The historical data trend for CleanCore Solutions'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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CleanCore Solutions Retained Earnings Chart

CleanCore Solutions Annual Data
Trend Jun21 Jun22 Jun23
Retained Earnings
-7.68 -8.23 -5.02

CleanCore Solutions Quarterly Data
Jun21 Mar22 Jun22 Oct22 Mar23 Jun23 Dec23
Retained Earnings Get a 7-Day Free Trial -8.23 - -4.36 -5.02 -5.81

CleanCore Solutions 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.


CleanCore Solutions  (AMEX:ZONE) 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.


CleanCore Solutions (CleanCore Solutions) Business Description

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Address
5920 South 118th Circle, Suite 2, Omaha, NE, USA, 68137
CleanCore Solutions Inc engages in the development and manufacturing of cleaning products that produce pure aqueous ozone for professional, industrial, or home use. The firm has a patented nanobubble technology using aqueous ozone that is effective in cleaning, sanitizing, and deodorizing surfaces and high-touch areas. The company offers products and solutions that are marketed for janitorial and sanitation, ice machine cleaning, laundry, and industrial industries. Its products are used in many types of environments including retail establishments, distribution centers, factories, warehouses, restaurants, schools and universities, airports, healthcare, food service, and commercial buildings such as offices, malls, and stores.

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