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Bancroft Fund (Bancroft Fund) Retained Earnings : $-3.69 Mil (As of Oct. 2022)


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What is Bancroft Fund Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Bancroft Fund's retained earnings for the quarter that ended in Oct. 2022 was $-3.69 Mil.

Bancroft Fund's quarterly retained earnings declined from Oct. 2021 ($69.56 Mil) to Apr. 2022 ($14.92 Mil) and declined from Apr. 2022 ($14.92 Mil) to Oct. 2022 ($-3.69 Mil).

Bancroft Fund's annual retained earnings increased from Oct. 2019 ($30.62 Mil) to Oct. 2020 ($46.21 Mil) and increased from Oct. 2020 ($46.21 Mil) to Oct. 2021 ($69.56 Mil).


Bancroft Fund Retained Earnings Historical Data

The historical data trend for Bancroft Fund'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.

* Premium members only.

Bancroft Fund Retained Earnings Chart

Bancroft Fund Annual Data
Trend Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.48 20.85 30.62 46.21 69.56

Bancroft Fund Semi-Annual Data
Apr13 Oct13 Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22
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 46.21 67.90 69.56 14.92 -3.69

Bancroft Fund 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.


Bancroft Fund  (AMEX:BCV) 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.


Bancroft Fund (Bancroft Fund) Business Description

Traded in Other Exchanges
Address
One Corporate Center, Rye, New York, NY, USA, 10580-1422
Bancroft Fund Ltd is a diversified closed-end management company. It operates as a closed-ended equity mutual fund. The funds' main objective is to provide income and potential for capital appreciation. With the intent to achieve its objective, the company invests in convertible and equity securities. It invests across different industries such as Computer Software and Services, Energy and Utilities, Health Care among others.
Executives
Mario J Gabelli director, other: Control Person of Adviser 191 MASON STREET, GREENWICH CT 06830
Anthonie C Vanekris director ONE CORPORATE CENTER, RYE NY 10580
Peter D. Goldstein officer: Secretary 249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
Kinchen C Bizzell director C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, SUITE 550, MORRISTOWN NJ 07960
Kuni Nakamura director 1 MARTIN BUTLER COURT, RYE NY 10580
John Chester Ball officer: Treasurer 800 CONNECTICUT AVENUE, NORWALK CT 06854
Jane D Okeeffe director, officer: President C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVE, MORRISTOWN NJ 07960
James P Conn director
Mercedes A Pierre other: former Vice President and CCO C/O DINSMORE CAPITAL MANAGEMENT, 65 MADISON AVE, MORRISTOWN NJ 07960
Michael J Melarkey director ONE CORPORATE CENTER, RYE NY 10580
Agnes Mullady officer: Treasurer ONE CORPORATE CENTER, RYE NY 10580
Fahrenkopf Frank J Jr director ONE CORPORATE CENTER, RYE NY 10580
James Andrew Dinsmore officer: Vice President C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, SUITE 550, MORRISTOWN NJ 07960
Germaine M Ortiz officer: Vice President C/O DINSMORE CAPITAL MANAGEMENT, 65 MADISON AVE, MORRISTOWN NJ 07960
Peter M Finnican other: Adviser's Marketing Director C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, SUITE 550, MORRISTOWN NJ 07960

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