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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Alpha Pro Tech's retained earnings for the quarter that ended in Dec. 2023 was $46.55 Mil.
Alpha Pro Tech's quarterly retained earnings increased from Jun. 2023 ($62.33 Mil) to Sep. 2023 ($62.76 Mil) but then declined from Sep. 2023 ($62.76 Mil) to Dec. 2023 ($46.55 Mil).
Alpha Pro Tech's annual retained earnings declined from Dec. 2021 ($62.49 Mil) to Dec. 2022 ($45.03 Mil) but then increased from Dec. 2022 ($45.03 Mil) to Dec. 2023 ($46.55 Mil).
The historical data trend for Alpha Pro Tech'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.
Alpha Pro Tech Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | 32.39 | 58.99 | 62.49 | 45.03 | 46.55 |
Alpha Pro Tech 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 | 45.03 | 62.22 | 62.33 | 62.76 | 46.55 |
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.
Alpha Pro Tech (AMEX:APT) 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.
James Buchan | director | 60 CENTURIAN DRIVE, SUITE 112, MARKHAM A6 L3R9R2 |
Benjamin A Shaw | director | 160 CENTURIAN DRIVE, SUITE 112, MARKHAM A6 L3R 9R2 |
John Ritota | director | C/O ALPHA PRO TECH LTD, 60 CENTURIAN DR STE 112, MARKHAM ONTARIO CANADA A1 L3R9R2 |
David R Garcia | director | 60 CENTURIAN DRIVE, SUITE 112, MARKHAM A6 L3R9R2 |
Charles D Montgomery | officer: Sr. V.P. Engineered Products | 60 CENTURIAN DRIVE SUITE#112, MARKHAM A6 L3R 9R2 |
Russell Manock | director | C/O ALPHA PRO TECH LTD, 60 CENTURIAN DR, MARKHAM CANADA A6 9999999999 |
Lloyd Hoffman | officer: CFO and Sr VP Finance and Admi | C/O ALPHA PRO TECH LTD, 60 CENTURIAN DRIVE STE 112, MARKHAM ONTARIO CANADA A1 L3R9R2 |
Mcdonald Colleen J | officer: CFO | 60 CENTURIAN DRIVE SUITE 112, MARKHAM A6 L3R 9R2 |
Donna Millar | director | 60 CENTURIAN DRIVE, SUITE 112, MARKHAM A6 L3R 9R2 |
David B Anderson | director | 60 CENTURIAN DRIVE SUITE # 112, MARKHAM A6 L3R 9R2 |
Al Millar | director, officer: President | C/O ALPHA PRO TECH LTD, 60 CENTURIAN DRIVE STE 112, MARKHAM ONTARIO CANADA A1 L3R9R2 |
Sheldon Hoffman | director, officer: C.E.O. | 60 ENTURIAN DRIVE STE 112, C/O ALPHA PRO TECH LTD, MARKHAM ONTAIRO CANADA A6 0000 |
Donald Bennett | director | |
Scheerer Michael | officer: Sr VP- Sales & marketing | 60 CENTURIAN DRIVE STE 112, C/O ALPHA PRO TECH LTD, MARKHAM ONTARIO CANA A6 0000 |
Robert Isaly | director |
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