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Solar Integrated Roofing (Solar Integrated Roofing) Retained Earnings : $30.38 Mil (As of Sep. 2022)


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What is Solar Integrated Roofing Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Solar Integrated Roofing's retained earnings for the quarter that ended in Sep. 2022 was $30.38 Mil.

Solar Integrated Roofing's quarterly retained earnings increased from Nov. 2010 ($-2.04 Mil) to Sep. 2021 ($0.00 Mil) and increased from Sep. 2021 ($0.00 Mil) to Sep. 2022 ($30.38 Mil).

Solar Integrated Roofing's annual retained earnings increased from . 20 ($0.00 Mil) to Feb. 2008 ($-0.74 Mil) but then declined from Feb. 2008 ($-0.74 Mil) to Feb. 2009 ($-1.49 Mil).


Solar Integrated Roofing Retained Earnings Historical Data

The historical data trend for Solar Integrated Roofing'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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Solar Integrated Roofing Retained Earnings Chart

Solar Integrated Roofing Annual Data
Trend Feb08 Feb09
Retained Earnings
-0.74 -1.49

Solar Integrated Roofing Quarterly Data
Aug07 Nov07 Feb08 May08 Aug08 Nov08 Feb09 May09 Aug09 Nov09 Feb10 May10 Aug10 Nov10 Sep21 Sep22
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 -1.94 -1.99 -2.04 - 30.38

Solar Integrated Roofing 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.


Solar Integrated Roofing  (OTCPK:SIRC) 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.


Solar Integrated Roofing (Solar Integrated Roofing) Business Description

Traded in Other Exchanges
N/A
Address
2831 St. Rose Pkwy, Suite 200, Henderson, NV, USA, 89052
Solar Integrated Roofing Corp is an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on the acquisitions of like companies.
Executives
Richard G Stifel officer: CFO/Secretary 6501 E. GREENWAY PKWY, SUITE 103-412, SCOTTSDALE AZ 85254
Timothy Barritt director, officer: CEO/President 201 WEST LAKEWAY, SUITE 1000, GILLETTE WY 82718
Raymond Murphy director, officer: COO/Vice President 201 WEST LAKEWAY, SUITE 1000, GILLETTE WY 82718
Richard Stockdale director, officer: Treasurer/Vice President 201 WEST LAKEWAY, SUITE 1000, GILLETTE WY 82718

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