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Reflect Scientific (Reflect Scientific) Retained Earnings : $-19.30 Mil (As of Mar. 2024)


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What is Reflect Scientific Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Reflect Scientific's retained earnings for the quarter that ended in Mar. 2024 was $-19.30 Mil.

Reflect Scientific's quarterly retained earnings declined from Sep. 2023 ($-19.05 Mil) to Dec. 2023 ($-19.27 Mil) and declined from Dec. 2023 ($-19.27 Mil) to Mar. 2024 ($-19.30 Mil).

Reflect Scientific's annual retained earnings increased from Dec. 2021 ($-18.90 Mil) to Dec. 2022 ($-18.81 Mil) but then declined from Dec. 2022 ($-18.81 Mil) to Dec. 2023 ($-19.27 Mil).


Reflect Scientific Retained Earnings Historical Data

The historical data trend for Reflect Scientific'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.

Reflect Scientific Retained Earnings Chart

Reflect Scientific 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 -20.50 -19.84 -18.90 -18.81 -19.27

Reflect Scientific Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -18.96 -19.14 -19.05 -19.27 -19.30

Reflect Scientific 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.


Reflect Scientific  (OTCPK:RSCF) 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.


Reflect Scientific (Reflect Scientific) Business Description

Traded in Other Exchanges
N/A
Address
1266 South 1380 West, Orem, UT, USA, 84058
Reflect Scientific Inc is engaged in the manufacture and distribution of products targeted at the life science market. The company serves a varies array of customers including hospitals and diagnostic laboratories, pharmaceutical and biotech companies, universities, government and private sector research facilities, and chemical and industrial companies. The products of the company are Cryometrix Freezers which provides energy savings and other critically important benefits to cryo-storage customers in the Life Science related industries, and detectors that serve the analytical instrumentation sector of the Life Sciences market. The company sells its products in the biotechnology, pharmaceutical, and medical industries.
Executives
Kim Boyce director, 10 percent owner, officer: President 1266 SOUTH 1380 WEST, OREM UT 84058
Keith L Merrell officer: CFO 1240 MUELLER PARK ROAD, BOUNTIFUL UT 84010
William G Moon director 1266 SOUTH 1380 WEST, OREM UT 84058
David Scott Strate officer: CFO 1270 S 1380 W, OREM UT 84058
Kevin Cooksy officer: Secretary Treasurer 3161 GRANADA DRIVE, CAMERON PARK CA 95682
Craig Morrison director 975 NORTH TERRACE DRIVE, PROVO UT 84604
Thomas A Tait director, officer: Vice President 514 AMERICAS WAY #5556, BOX ELDER SD 57719