Forward Industries (Forward Industries) Retained Earnings

: $-18.04 Mil (As of Dec. 2023)

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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Forward Industries's retained earnings for the quarter that ended in Dec. 2023 was $-18.04 Mil.

Forward Industries's quarterly retained earnings declined from Jun. 2023 ($-15.79 Mil) to Sep. 2023 ($-17.69 Mil) and declined from Sep. 2023 ($-17.69 Mil) to Dec. 2023 ($-18.04 Mil).

Forward Industries's annual retained earnings declined from Sep. 2021 ($-12.57 Mil) to Sep. 2022 ($-13.95 Mil) and declined from Sep. 2022 ($-13.95 Mil) to Sep. 2023 ($-17.69 Mil).

Forward Industries Retained Earnings Historical Data

The historical data trend for Forward Industries'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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Forward Industries Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Retained Earnings

-11.32

-13.10

-12.57

-13.95

-17.69

Forward Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings																-14.38	-15.25	-15.79	-17.69	-18.04

Forward Industries 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.

Forward Industries (NAS:FORD) 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.

Forward Industries (Forward Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Forward Industries Inc (NAS:FORD) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 Veterans Memorial Highway, Suite 100, Hauppauge, New York, NY, USA, 11788

Website

https://www.forwardindustries.com

Forward Industries Inc is a provider of carrying and protective solutions. It designs and distributes product protection for handheld electronic devices. Forward Industries sells soft-sided carrying cases for blood glucose diagnostic kits and portable consumer electronic devices such as smartphones, tablets, personal computers, notebooks, and global Positioning System devices. It operates in two segments, the OEM distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits and a variety of other portable electronic and non-electronic devices directly to OEMs; The design segment provides a full spectrum of hardware and software product design and engineering services. The majority of revenue is generated from the US.

Executives

Kathleen Weisberg	officer: Chief Financial Officer	700 VETERANS MEMORIAL HWY, SUITE 100, HAUPPAUGE NY 11788
Sangita Shah	director	C/O FORWARD INDUSTRIES, INC., 477 ROSEMARY AVE., STE. 219, WEST PALM BEACH FL 33401
Sharon Hemond Hrynkow	director	4816 KING SOLOMON DRIVE, ANNADALE VA 22003
James W Zigler	director
Wild Robert W Jr.	officer: COO of Subsidiary	700 VETERANS HWY, SUITE 100, HAUPPAUGE NY 11788
Mitchell Maiman	officer: President of Subsidiary	700 VETERANS MEMORIAL HIGHWAY, SUITE 100, HAUPPAUGE NY 11788
Paul Jean Severino	officer: COO of Subsidiary	700 VETERANS MEMORIAL HIGHWAY, SUITE 100, HAUPPAUGE NY 11788
Thomas Edward Kramer	officer: CEO to Subsidiary	8560 COTTONWOOD ST. NW, SUITE 100, MINNEAPOLIS MN 55433
Anthony Camarda	officer: Chief Financial Officer	700 VETERANS HWY, SUITE 100, HAUPPAUGE NY 11788
Douglas David Matthews	officer: Sr VP/Chief Operating Officer	477 S. ROSEMARY AVE., SUITE 219, WEST PALM BEACH FL 33401
Jenny P. Yu	10 percent owner	9255 DOHENY ROAD, APT. 2905, WEST HOLLYWOOD CA 90069
James M Frost	director	477 S. ROSEMARY AVE., SUITE 219, WEST PALM BEACH FL 33401
Michael L. Luetkemeyer	director	411 LANDMARK DRIVE, WILMINGTON NC 28412
Sharon Hrynkow	director	C/O FORWARD INDUSTRIES, INC., 477 ROSEMARY AVE., STE. 219, WEST PALM BEACH FL 33401
Michael D Matte	officer: Chief Financial Officer