BIGG Digital Assets (BIGG Digital Assets) Retained Earnings : $-72.63 Mil (As of Sep. 2023)

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What is BIGG Digital Assets Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. BIGG Digital Assets's retained earnings for the quarter that ended in Sep. 2023 was $-72.63 Mil.

BIGG Digital Assets's quarterly retained earnings declined from Dec. 2022 ($-64.92 Mil) to Mar. 2023 ($-65.01 Mil) and declined from Mar. 2023 ($-65.01 Mil) to Sep. 2023 ($-72.63 Mil).

BIGG Digital Assets's annual retained earnings declined from Dec. 2020 ($-28.89 Mil) to Dec. 2021 ($-34.41 Mil) and declined from Dec. 2021 ($-34.41 Mil) to Dec. 2022 ($-64.92 Mil).

BIGG Digital Assets Retained Earnings Historical Data

The historical data trend for BIGG Digital Assets'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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BIGG Digital Assets Retained Earnings Chart

BIGG Digital Assets Annual Data

Trend

Sep15

Sep16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

Retained Earnings

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-19.16

-25.86

-28.89

-34.41

-64.92

BIGG Digital Assets Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Retained Earnings	Get a 7-Day Free Trial															-55.31	-54.57	-64.92	-65.01	-72.63

BIGG Digital Assets 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.

BIGG Digital Assets (OTCPK:BBKCF) 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.

BIGG Digital Assets (BIGG Digital Assets) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BIGG Digital Assets Inc (OTCPK:BBKCF) » Definitions » Retained Earnings

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7111:Germany BIGG:Canada

Address

1130 West Pender Street, Suite 1220, Vancouver, BC, CAN, V6E 4A4

Website

https://www.biggdigitalassets.com

BIGG Digital Assets Inc is engaged in investing in products and companies within the cryptocurrency industry. It has two operating divisions which provide blockchain search products to large enterprises with significant data requirements in the financial and e-commerce sectors globally, and brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety. The company operates two business segments: Blockchain Technology Development and Digital Currency Sales via the Netcoins App.