EZGO Technologies (EZGO Technologies) Retained Earnings : $-14.77 Mil (As of Sep. 2023)

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What is EZGO Technologies Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. EZGO Technologies's retained earnings for the quarter that ended in Sep. 2023 was $-14.77 Mil.

EZGO Technologies's quarterly retained earnings declined from Sep. 2022 ($-7.89 Mil) to Mar. 2023 ($-12.68 Mil) and declined from Mar. 2023 ($-12.68 Mil) to Sep. 2023 ($-14.77 Mil).

EZGO Technologies's annual retained earnings declined from Sep. 2021 ($-1.42 Mil) to Sep. 2022 ($-7.89 Mil) and declined from Sep. 2022 ($-7.89 Mil) to Sep. 2023 ($-14.77 Mil).

EZGO Technologies Retained Earnings Historical Data

The historical data trend for EZGO Technologies'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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EZGO Technologies Retained Earnings Chart

EZGO Technologies Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Retained Earnings

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1.45

1.58

-1.42

-7.89

-14.77

EZGO Technologies Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Retained Earnings	Get a 7-Day Free Trial						-1.42	-3.77	-7.89	-12.68	-14.77

EZGO Technologies 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.

EZGO Technologies (NAS:EZGO) 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.

EZGO Technologies (EZGO Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » EZGO Technologies Ltd (NAS:EZGO) » Definitions » Retained Earnings

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Address

Changzhou Institute of Dalian University of Technology, Building No. A, Floor 2, Science and Education Town, Wujin District, Jiangsu, Changzhou, CHN, 213164

Website

https://www.ezgotech.com.cn

EZGO Technologies Ltd is engaged in the sale of e-bicycles and battery and e-bicycle rentals, complemented by the sale of battery packs, battery cell trading and charging pile business. Its product categories include e-bicycle, e-motorcycle and e-moped and urban style e-tricycle. Its segments include the Battery cells and packs and the E-bicycle sales segment. The company generates maximum revenue from the E-bicycle segment.