Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Stingray Group's retained earnings for the quarter that ended in Sep. 2021 was $-24.5 Mil.
Stingray Group's quarterly retained earnings
increased
from Mar. 2021 ($-32.0 Mil) to Jun. 2021 ($-30.3 Mil) and
increased
from Jun. 2021 ($-30.3 Mil) to Sep. 2021 ($-24.5 Mil).
Stingray Group's annual retained earnings
declined
from Mar. 2019 ($-39.9 Mil) to Mar. 2020 ($-40.4 Mil) but then
increased
from Mar. 2020 ($-40.4 Mil) to Mar. 2021 ($-32.0 Mil).
Stingray Group 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.
Stingray Group (OTCPK:STGYF) 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.
Stingray Group Business Description
Traded in Other Exchanges
Address
730 Wellington Street, Montreal, QC, CAN, H3C 1T4
Stingray Group Inc is a music, media, and technology company. The company is a provider of curated direct-to-consumer and B2B services, including audio television channels, radio stations, SVOD content, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps. It operates through the following segments namely Broadcasting and commercial music segment; Radio segment and Corporate and eliminations. The company generates maximum revenue from Broadcasting and commercial music segment.
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