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Sky and Space Co (Sky and Space Co) Retained Earnings : $-56.83 Mil (As of Dec. 2020)


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What is Sky and Space Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Sky and Space Co's retained earnings for the quarter that ended in Dec. 2020 was $-56.83 Mil.

Sky and Space Co's quarterly retained earnings declined from Dec. 2019 ($-48.71 Mil) to Jun. 2020 ($-50.87 Mil) and declined from Jun. 2020 ($-50.87 Mil) to Dec. 2020 ($-56.83 Mil).

Sky and Space Co's annual retained earnings declined from Jun. 2018 ($-21.72 Mil) to Jun. 2019 ($-41.24 Mil) and declined from Jun. 2019 ($-41.24 Mil) to Jun. 2020 ($-50.87 Mil).


Sky and Space Co Retained Earnings Historical Data

The historical data trend for Sky and Space Co'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.

Sky and Space Co Retained Earnings Chart

Sky and Space Co Annual Data
Trend Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.27 -15.60 -21.72 -41.24 -50.87

Sky and Space Co Semi-Annual Data
Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20
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 -23.06 -41.24 -48.71 -50.87 -56.83

Sky and Space Co 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.


Sky and Space Co  (GREY:BENGF) 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.


Sky and Space Co (Sky and Space Co) Business Description

Traded in Other Exchanges
N/A
Address
Barringtons House, 283 Rokeby Road, Subiaco, WA, AUS, 6008
Sky and Space Co Ltd is a nano-satellite, space technology company with European and Israeli centres of aerospace, satellite and software industry experts. Its core business is to construct and operate a communications infrastructure based on nanosatellite technology and develop highly sophisticated software systems that will deploy, maintain orbit control and handle the communication network in space to provide global coverage.

Sky and Space Co (Sky and Space Co) Headlines