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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Saratoga Investment's retained earnings for the quarter that ended in Nov. 2023 was $2.85 Mil.
Saratoga Investment's quarterly retained earnings declined from May. 2023 ($16.65 Mil) to Aug. 2023 ($16.19 Mil) and declined from Aug. 2023 ($16.19 Mil) to Nov. 2023 ($2.85 Mil).
Saratoga Investment's annual retained earnings increased from Feb. 2021 ($-0.70 Mil) to Feb. 2022 ($27.71 Mil) but then declined from Feb. 2022 ($27.71 Mil) to Feb. 2023 ($25.05 Mil).
The historical data trend for Saratoga Investment'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.
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.
Saratoga Investment (NYSE:SAR) 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.
Christian L Oberbeck | director, 10 percent owner, officer: CEO and Director | C/O KOPPERS INC, 436 SEVENTH AVENUE, SUITE 1550, PITTSBURG PA 15219 |
Steven M Looney | director | 132 WAIKU ROAD, RIDGEWOOD NJ 07450-2322 |
Henri J Steenkamp | officer: Chief Financial Officer | SARATOGA INVESTMENT ADVISORS, LLC, 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022 |
Williams George Cabell Iii | director | 5422 ALBIA ROAD, BETHESDA MD 20816 |
Elizabeth Oberbeck | 10 percent owner | C/O SARATOGA INVESTMENT CORP., 535 MADISON AVENUE, NEW YORK NY 10022 |
Michael J Grisius | director, officer: President and Director | 1919 PENNSYLVANIA AVE NW, 3RD FL, WASHINGTON DC 20006 |
Whitman Iii Charles S | director | C/O GSC INVESTMENT CORP., 12 EAST 49TH STREET, SUITE 3200, NEW YORK NY 10017 |
Phillips Charles G Iv | other: Member of 10% owner group. | C/O SARATOGA INVESTMENT ADVISORS, LLC, 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022 |
Richard A Petrocelli | director, officer: CFO, Secretary and CCO | 1350 6TH AVENUE, 18TH FLOOR, NEW YORK NY 10019 |
John P. Birkelund | other: Member of 10% owner group | ETHAN ALLEN DRIVE, DANBURY CT 06811 |
John F. Macmurray | other: Member of 10% owner group | C/O SARATOGA INVESTMENT ADVISORS, LLC, 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022 |
Durkin Charles P Jr | other: Member of 10% owner group | |
Clo Partners Llc | other: Member of 10% owner group | 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022 |
Saratoga Investment Advisors, Llc | other: Member of 10% owner group | 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022 |
Ivo Turkedjiev | officer: VP Corporate Credit Group | C/O GSC INVESTMENT CORP, 888 SEVENTH AVE, NEW YORK NY 10019 |
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