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Franklin Wireless (Franklin Wireless) Retained Earnings : $28.08 Mil (As of Dec. 2023)


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What is Franklin Wireless Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Franklin Wireless's retained earnings for the quarter that ended in Dec. 2023 was $28.08 Mil.

Franklin Wireless's quarterly retained earnings declined from Jun. 2023 ($29.10 Mil) to Sep. 2023 ($28.84 Mil) and declined from Sep. 2023 ($28.84 Mil) to Dec. 2023 ($28.08 Mil).

Franklin Wireless's annual retained earnings declined from Jun. 2021 ($35.73 Mil) to Jun. 2022 ($31.96 Mil) and declined from Jun. 2022 ($31.96 Mil) to Jun. 2023 ($29.10 Mil).


Franklin Wireless Retained Earnings Historical Data

The historical data trend for Franklin Wireless'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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Franklin Wireless Retained Earnings Chart

Franklin Wireless Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.48 18.03 35.73 31.96 29.10

Franklin Wireless Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 30.46 30.71 29.10 28.84 28.08

Franklin Wireless 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.


Franklin Wireless  (NAS:FKWL) 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.


Franklin Wireless (Franklin Wireless) Business Description

Traded in Other Exchanges
N/A
Address
9707 Waples Street, Suite 150, San Diego, CA, USA, 92121
Franklin Wireless Corp is a provider of wireless solutions, including mobile hotspots, routers, and modems, as well as hardware and software products that support machine-to-machine (M2M) applications and the Internet of Things (IoT). Its M2M and IoT solutions include embedded modules, modems, and gateways built to deliver reliable always-on connectivity supporting a spectrum of applications. These products are designed to solve wireless connectivity challenges in a range of vertical markets, including video surveillance, digital signage, home security, oil and gas exploration, kiosks, fleet management, smart grid, vehicle diagnostics, and telematics.
Executives
Kristina S Kim director 7612 SEATTLE DRIVE, LA MESA CA 91941
Joon Won Jyoung director C/O FRANKLIN WIRELESS CORP., 6205 LUSK BLVD., SAN DIEGO CA 92121
Oc Kim director, 10 percent owner, officer: Chief Executive Officer 5440 MOREHOUSE DR., SUITE 1000, SAN DIEGO CA 92121
Yun J Lee officer: Senior Vice President 5440 MOREHOUSE DR., SUITE 1000, SAN DIEGO CA 92121
Heidy Kingwan Chow director 92 KESTREL, IRVINE CA 92618
Johnathan Wonjong Chee director 8951 N. MILWAUKEE AVE #202, NILES IL 60714
Richard T Walker officer: Chief Financial Officer 6205 LUSK BLVD, SAN DIEGO CA 92121
David S Oros other: No longer member of group 9777 PYRAMID COURT, SUITE 100, ENGLEWOOD CO 80112
Karen Singer other: member of 13(d) group 10%owner 212 VACCARO DRIVE, CRESSKILL NJ 07626
Miller Lloyd I Iii other: Member of 13(d) group 10%owner
Steven Sherman other: Member of 13(d) group 10%owner
Benjamin J Chung director 2218 AVONDALE DRIVE, FULLERTON CA 92833
Gary Wendel Nelson director 5440 MOREHOUSE DR., SUITE 1000, SAN DIEGO CA 92121
Jae Man Lee director, 10 percent owner 9823 PACIFIC HEIGHTS BLVD #J, SAN DIEGO CA 92121
David (kwangho) Kim director C/O WESTECH KOREA, INC., 548-9 GA JWA 3-DONG, SEO-GU, INCEHON M4 00000

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