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Chicago Rivet & Machine Co (Chicago Rivet & Machine Co) Retained Earnings : $28.30 Mil (As of Dec. 2023)


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What is Chicago Rivet & Machine Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Chicago Rivet & Machine Co's retained earnings for the quarter that ended in Dec. 2023 was $28.30 Mil.

Chicago Rivet & Machine Co's quarterly retained earnings declined from Jun. 2023 ($31.00 Mil) to Sep. 2023 ($29.94 Mil) and declined from Sep. 2023 ($29.94 Mil) to Dec. 2023 ($28.30 Mil).

Chicago Rivet & Machine Co's annual retained earnings increased from Dec. 2021 ($31.31 Mil) to Dec. 2022 ($33.32 Mil) but then declined from Dec. 2022 ($33.32 Mil) to Dec. 2023 ($28.30 Mil).


Chicago Rivet & Machine Co Retained Earnings Historical Data

The historical data trend for Chicago Rivet & Machine Co'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.

Chicago Rivet & Machine Co Retained Earnings Chart

Chicago Rivet & Machine Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.50 31.04 31.31 33.32 28.30

Chicago Rivet & Machine Co 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 33.32 32.53 31.00 29.94 28.30

Chicago Rivet & Machine Co 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.


Chicago Rivet & Machine Co  (AMEX:CVR) 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.


Chicago Rivet & Machine Co (Chicago Rivet & Machine Co) Business Description

Traded in Other Exchanges
N/A
Address
901 Frontenac Road, Naperville, IL, USA, 60563
Chicago Rivet & Machine Co is in the fastener industry in North America. The company operates in two segments namely fasteners and assembly equipment. Its fastener segment consists of the manufacture and sale of rivets, cold-formed fasteners, parts, and screw machine products. The assembly equipment segment consists mainly of the manufacture of automatic rivet setting machines, automatic assembly equipment, and parts and tools for such machines. The majority of revenue is from the fastener segment. Geographically, the majority is from the United States.
Executives
Gregory D Rizzo officer: Chief Executive Officer 901 FRONTENAC ROAD, NAPERVILLE IL 60563
Morrissey Walter W Jr director 901 FRONTENAC ROAD, NAPERVILLE IL 60563
Patricia M Miller director 901 FRONTENAC ROAD, NAPERVILLE IL 60563
James W Morrissey director 901 FRONTENAC ROAD, NAPERVILLE IL 60563
Kurt Moders director 901 FRONTENAC ROAD, NAPERVILLE IL 60563
John C Osterman director 901 FRONTENAC ROAD, NAPERVILLE IL 60563
John L Showel director 440 S. LASALLE STREET, SUITE 2118, CHICAGO IL 60605
Michael J Bourg director 901 FRONTENAC ROAD, NAPERVILLE IL 60563
Kent H Cooney director 11203 COUNTRY CLUB ROAD, WOODSTOCK IL 60098
Labold Jack J Jr other: Sales Manager 901 FRONTENAC ROAD, NAPERVILLE IL 60563
Divane William T Jr director 2424 NORTH 25TH AVENUE, FRANKLIN PARK IL 60131
George P Lynch director 3030 WARRENVILLE ROAD, SUITE 215, LISLE IL 60532

Chicago Rivet & Machine Co (Chicago Rivet & Machine Co) Headlines

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