Sono Group NV (Sono Group NV) Retained Earnings : $-411.71 Mil (As of Jun. 2023)

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What is Sono Group NV Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Sono Group NV's retained earnings for the quarter that ended in Jun. 2023 was $-411.71 Mil.

Sono Group NV's quarterly retained earnings declined from Sep. 2022 ($-249.06 Mil) to Dec. 2022 ($-350.40 Mil) and declined from Dec. 2022 ($-350.40 Mil) to Jun. 2023 ($-411.71 Mil).

Sono Group NV's annual retained earnings declined from Dec. 2020 ($-101.12 Mil) to Dec. 2021 ($-166.19 Mil) and declined from Dec. 2021 ($-166.19 Mil) to Dec. 2022 ($-350.40 Mil).

Sono Group NV Retained Earnings Historical Data

The historical data trend for Sono Group NV'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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Sono Group NV Retained Earnings Chart

Sono Group NV Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Retained Earnings

-19.48

-30.10

-101.12

-166.19

-350.40

Sono Group NV Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23
Retained Earnings	Get a 7-Day Free Trial							-190.47	-219.98	-249.06	-350.40	-411.71

Sono Group NV 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.

Sono Group NV (OTCPK:SEVCF) 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.

Sono Group NV (Sono Group NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sono Group NV (OTCPK:SEVCF) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

Waldmeisterstrasse 76, Munich, DEU, 80935

Website

https://www.sonomotors.com

Sono Group NV is engaged in the field of solar-powered electric mobility. With its proprietary solar technology, the company is able to integrate solar panels into a vehicle's bodywork, using energy captured from the sun to charge the vehicle's battery. The group is engaged in the design and development of its own first solar electric vehicle, the Sion. The company is also involved in process of integrating its solar technology with other manufacturers for different use cases, such as buses, trucks, camper vans, trains, and even boats, to accelerate the transition towards sustainable transportation.