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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).
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.
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.
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 |
From GuruFocus
By Marketwired 08-09-2021
By PurpleRose 08-04-2022
By Marketwired 05-10-2021
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