Abaxx Technologies (NEOE:ABXX) Retained Earnings : C$-66.61 Mil (As of Dec. 2023)

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What is Abaxx Technologies Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Abaxx Technologies's retained earnings for the quarter that ended in Dec. 2023 was C$-66.61 Mil.

Abaxx Technologies's quarterly retained earnings declined from Jun. 2023 (C$-46.88 Mil) to Sep. 2023 (C$-53.79 Mil) and declined from Sep. 2023 (C$-53.79 Mil) to Dec. 2023 (C$-66.61 Mil).

Abaxx Technologies's annual retained earnings declined from Dec. 2021 (C$-35.62 Mil) to Dec. 2022 (C$-56.98 Mil) and declined from Dec. 2022 (C$-56.98 Mil) to Dec. 2023 (C$-66.61 Mil).

Abaxx Technologies Retained Earnings Historical Data

The historical data trend for Abaxx 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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Abaxx Technologies Retained Earnings Chart

Abaxx Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

-12.24

-23.70

-35.62

-56.98

-66.61

Abaxx Technologies Quarterly Data
	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													-56.98	-63.10	-46.88	-53.79	-66.61

Abaxx 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.

Abaxx Technologies (NEOE:ABXX) 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.

Abaxx Technologies (NEOE:ABXX) Business Description

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ABXXF:USA 36N:Germany

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.abaxx.tech

Abaxx Technologies Inc is a financial technology company that is developing and deploying software tools that make communication, trade, and transactions easier and more secure. The company's initial focus is on launching Abaxx Commodity Futures Exchange and Clearinghouse, regulated by the Monetary Authority of Singapore, to support trading and risk management with physically-settled benchmark futures contracts in the commodity markets at the center of the energy transition to an electrified, low-carbon emissions economy. Abaxx's vision is to build Smarter Markets: markets empowered by better tools, better benchmarks and better technology to drive market-based solutions to the biggest challenges that everyone faces as a society, including climate change and the energy transition.

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