Twin Ridge Capital Acquisition (Twin Ridge Capital Acquisition) Retained Earnings : $-9.12 Mil (As of Jun. 2023)

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What is Twin Ridge Capital Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Twin Ridge Capital Acquisition's retained earnings for the quarter that ended in Jun. 2023 was $-9.12 Mil.

Twin Ridge Capital Acquisition's quarterly retained earnings declined from Dec. 2022 ($-9.17 Mil) to Mar. 2023 ($-9.29 Mil) but then increased from Mar. 2023 ($-9.29 Mil) to Jun. 2023 ($-9.12 Mil).

Twin Ridge Capital Acquisition's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2021 ($-14.28 Mil) and increased from Dec. 2021 ($-14.28 Mil) to Dec. 2022 ($-9.17 Mil).

Twin Ridge Capital Acquisition Retained Earnings Historical Data

The historical data trend for Twin Ridge Capital Acquisition'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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Twin Ridge Capital Acquisition Retained Earnings Chart

Twin Ridge Capital Acquisition Annual Data

Trend

Dec21

Dec22

Retained Earnings

-14.28

-9.17

Twin Ridge Capital Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Retained Earnings	Get a 7-Day Free Trial					-8.59	-8.29	-9.17	-9.29	-9.12

Twin Ridge Capital Acquisition 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.

Twin Ridge Capital Acquisition (NYSE:TRCA) 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.

Twin Ridge Capital Acquisition (Twin Ridge Capital Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Twin Ridge Capital Acquisition Corp (NYSE:TRCA) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

999 Vanderbilt Beach Road, Suite 200, Naples, FL, USA, 34108

Website

https://www.twinridgecapitalac.com

Twin Ridge Capital Acquisition Corp is a blank check company.

Executives

Gary H Pilnick	director
Dale F Morrison	director, 10 percent owner	152 W 57TH ST, NEW YORK NY 10019
Twin Ridge Capital Sponsor, Llc	director, 10 percent owner	707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025
Alison Sarah Burns	director	C/O TWIN RIDGE CAPITAL ACQUISITION CORP., 707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025
Sanjay Krishnakumar Morey	director, 10 percent owner, officer: Co-CEO and President	C/O TWIN RIDGE CAPITAL ACQUISITION CORP., 707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025
Russell William Peter Jr	director, 10 percent owner, officer: Co-CEO and CFO	C/O TWIN RIDGE CAPITAL ACQUISITION CORP., 707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025
Paul Henrys	director	C/O TWIN RIDGE CAPITAL ACQUISITION CORP., 707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025