Vobile Group (HKSE:03738) Retained Earnings : HK$-29 Mil (As of Dec. 2023)

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What is Vobile Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Vobile Group's retained earnings for the quarter that ended in Dec. 2023 was HK$-29 Mil.

Vobile Group's quarterly retained earnings increased from Dec. 2022 (HK$-21 Mil) to Jun. 2023 (HK$8 Mil) but then declined from Jun. 2023 (HK$8 Mil) to Dec. 2023 (HK$-29 Mil).

Vobile Group's annual retained earnings increased from Dec. 2021 (HK$-63 Mil) to Dec. 2022 (HK$-21 Mil) but then declined from Dec. 2022 (HK$-21 Mil) to Dec. 2023 (HK$-29 Mil).

Vobile Group Retained Earnings Historical Data

The historical data trend for Vobile Group'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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Vobile Group Retained Earnings Chart

Vobile Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-121.47

-40.66

-63.33

-21.33

-29.15

Vobile Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial													-63.33	-	-21.33	7.83	-29.15

Vobile Group 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.

Vobile Group (HKSE:03738) 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.

Vobile Group (HKSE:03738) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Vobile Group Ltd (HKSE:03738) » Definitions » Retained Earnings

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VOBIF:USA

Address

1 Matheson Street, Suite 3712, 37th Floor, Tower 2, Times Square, Causeway Bay, Hong Kong, HKG

Website

https://www.vobilegroup.com

Vobile Group Ltd is a Saas provider of the technology service of digital content protection and monetization. It builds the essential technology infrastructure to support the distribution of global digital content assets. The company's products are VideoTracker, ReClaim, TV Ad Tracking, Online TVOD PPT, MediaWise, and Transaction-based SaaS business that includes content monetization platforms to enable revenue-sharing for conventional home video distribution through its conventional PPT platform.

Executives

Greater Bay Area Homeland Investments Limited	2201 Interest of corporation controlled by you
Poly Platinum Enterprises Limited	2101 Beneficial owner
Greater Bay Area Homeland Development Fund (gp) Limited	2201 Interest of corporation controlled by you
Wang Yangbin Bernard	2101 Beneficial owner
Hangzhou Yunbo Investment Consulting Co., Ltd.
Hu Simon Xiaoming
Jiang Fang
Jing Eric Xiandong
Ma Yun
Lu Jian	2307 Founder of a discretionary trust who can infl
Ma Yi Ke Ji Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Hang Zhou Yun Qiang Qi Ye Guan Li Zi Xun You Xian Gong Si	2201 Interest of corporation controlled by you
Antfin (hong Kong) Holding Limited	2101 Beneficial owner
Tricor Equity Trustee Limited	2301 Trustee
Navibell Venture Corp.	2101 Beneficial owner

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