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RCM Technologies (RCM Technologies) Retained Earnings : $-19.3 Mil (As of Dec. 2023)


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What is RCM Technologies Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. RCM Technologies's retained earnings for the quarter that ended in Dec. 2023 was $-19.3 Mil.

RCM Technologies's quarterly retained earnings increased from Jun. 2023 ($-28.3 Mil) to Sep. 2023 ($-24.5 Mil) and increased from Sep. 2023 ($-24.5 Mil) to Dec. 2023 ($-19.3 Mil).

RCM Technologies's annual retained earnings increased from Dec. 2021 ($-57.0 Mil) to Dec. 2022 ($-36.1 Mil) and increased from Dec. 2022 ($-36.1 Mil) to Dec. 2023 ($-19.3 Mil).


RCM Technologies Retained Earnings Historical Data

The historical data trend for RCM Technologies'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.

RCM Technologies Retained Earnings Chart

RCM Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -59.11 -67.97 -56.99 -36.10 -19.27

RCM Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -36.10 -32.26 -28.28 -24.52 -19.27

RCM Technologies 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.


RCM Technologies  (NAS:RCMT) 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.


RCM Technologies (RCM Technologies) Business Description

Traded in Other Exchanges
N/A
Address
2500 McClellan Avenue, Suite 350, Pennsauken, NJ, USA, 08109-4613
RCM Technologies Inc is a provider of business and technology solutions designed to enhance and maximize the operational performance of its customers. It operates in three segments: Engineering, which provides a comprehensive portfolio of engineering and design services across three verticals: Energy Services, Process & Industrial, and Aerospace; Information Technology; and Specialty Health Care Services, engaged in providing the staffing of health care professionals, primarily health information management professionals, nurses, paraprofessionals, physicians, and therapists. The company generates maximum revenue from the Specialty Health Care segment. Geographically, it derives a majority of revenue from the United States and also has a presence in Canada, Puerto Rico, and Serbia.
Executives
Kevin D Miller officer: Chief Financial Officer 2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Bradley Vizi 10 percent owner 10390 WILSHIRE BLVD, SUITE 406, LOS ANGELES CA 90024
Michael Saks other: Sr. Vice President 2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Chigozie Obinna Amadi director 2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Roger H Ballou 10 percent owner, other: See Explanation C/O CDI CORP, 1717 ARCH ST 35TH FL, PHILADELPHIA PA 19103
Richard A. Genovese director 2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Jayanth Sree Komarneni director 2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Swarna Srinivas Kakodkar director 2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Michael Edward Boyle officer: Division President, IT Srvs. 2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Harvest Financial Corporation other: See Explanation 1055 LPL WAY, 223 FOURTH AVENUE, FORT MILL SC 29715
Petraglia Frank William Jr officer: Sr. Vice President 2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Irs Partnership No. 19, L.p. 10 percent owner 515 S. FIGUEROA STREET, SUITE 1050, LOS ANGELES CA 90071
Danny A. White officer: Sr. Vice President 2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Maier O Fein director 2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109
Michael O'connell 10 percent owner 515 S. FIGUEROA STREET, SUITE 1050, LOS ANGELES CA 90071