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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Saker Aviation Services's retained earnings for the quarter that ended in Jun. 2024 was $-11.46 Mil.
Saker Aviation Services's quarterly retained earnings increased from Dec. 2023 ($-11.61 Mil) to Mar. 2024 ($-11.43 Mil) but then declined from Mar. 2024 ($-11.43 Mil) to Jun. 2024 ($-11.46 Mil).
Saker Aviation Services's annual retained earnings increased from Dec. 2021 ($-15.31 Mil) to Dec. 2022 ($-14.06 Mil) and increased from Dec. 2022 ($-14.06 Mil) to Dec. 2023 ($-11.61 Mil).
The historical data trend for Saker Aviation Services'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.
Saker Aviation Services Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | -14.27 | -16.03 | -15.31 | -14.06 | -11.61 |
Saker Aviation Services Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Retained Earnings | Get a 7-Day Free Trial | -13.47 | -12.30 | -11.61 | -11.43 | -11.46 |
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.
Saker Aviation Services (OTCPK:SKAS) 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.
Roy Moskowitz | director | 20 SOUTH STREET, PIER 6 EAST RIVER, NEW YORK NY 10004 |
Mark N Raab | officer: Acting Principal Fin. Officer | C/O TECHSYS INC, 147 COLUMBIA TURNPIKE SUITE 109, FLORHAM PARK NJ 07932 |
Samuel D. Goldstein | director | 20 SOUTH STREET, PIER 6 EAST RIVER, NEW YORK NY 10004 |
Marc Chodock | director | 110 EAST 25TH STREET, 3RD FLOOR, NEW YORK NY 10010 |
Acm Value Opportunities Fund I Gp, Llc | other: See Footnote (2) | C/O ARVICE CAPITAL MANAGEMENT, LLC, 110 EAST 25TH STREET, 3RD FLOOR, NEW YORK NY 10011 |
Arvice Capital Management, Llc | other: See Footnote (2) | 110 EAST 25TH STREET, 3RD FLOOR, NEW YORK NY 10011 |
Acm Value Opportunities Fund I, Lp | other: See Footnote (2) | C/O ARVICE CAPITAL MANAGEMENT, LLC, 110 EAST 25TH STREET, 3RD FLOOR, NEW YORK NY 10011 |
Ronald J Ricciardi | director, officer: President and CEO | 100 HANGAR ROAD, WILKES-BARRE/SCRANTON INTERNTL. AIRPORT, AVOCA PA 18641 |
Jeffrey B Mendell | director | JBM REALTY, 10 GLENVILLE STREET, GREENWICH CT 06831 |
Donald Hecht | director | 111 WEST 40TH ST, NEW YORK NY 10018 |
Alvin S Trenk | director | 44 ASPEN DRIVE, LIVINGSTON NJ 07039 |
William B Wachtel | director, 10 percent owner | 110 EAST 59TH ST, NEW YORK NY 10022 |
Gary E Hart | officer: COO and Senior VP | 236 SING SING ROAD, ELMIRA-CORNING REGIONAL AIRPORT, HORSEHEADS NY 14845 |
Stephen B Siegel | director | 200 PARK AVE, NEW YORK NY 10166 |
Thomas Iovino | director | C/O JUDLAW CONTRACTING, INC., 26-15 ULMER ST., COLLEGE POINT NY 11354 |
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