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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Table Trac's retained earnings for the quarter that ended in Dec. 2023 was $7.77 Mil.
Table Trac's quarterly retained earnings increased from Jun. 2023 ($7.16 Mil) to Sep. 2023 ($7.28 Mil) and increased from Sep. 2023 ($7.28 Mil) to Dec. 2023 ($7.77 Mil).
Table Trac's annual retained earnings increased from Dec. 2021 ($4.77 Mil) to Dec. 2022 ($6.30 Mil) and increased from Dec. 2022 ($6.30 Mil) to Dec. 2023 ($7.77 Mil).
The historical data trend for Table Trac'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.
Table Trac Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | 2.75 | 3.06 | 4.77 | 6.30 | 7.77 |
Table Trac Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | 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 | 6.30 | 6.63 | 7.16 | 7.28 | 7.77 |
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.
Table Trac (OTCPK:TBTC) 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.
William Martinez | director | 6101 BAKER RD, #206, MINNETONKA MN 55345 |
Thomas J Mertens | director | 6101 BAKER RD., #206, MINNETONKA MN 55345 |
Louis C Fornetti | director | 6101 BAKER ROAD, SUITE 206, MINNETONKA MN 55345 |
Randy Gilbert | officer: Chief Financial Officer | 2415 ANNAPOLIS LANE, SUITE 100, PLYMOUTH MN 55441 |
Gary L Loebig | director | 206 WILD BASIN ROAD, BLDG B 4TH FLOOR, AUSTIN TX 78746 |
Brian Hinchley | officer: Chief Financial Officer | 6101 BAKER ROAD, SUITE 206, MINNETONKA MN 55345 |
Chad B Hoehne | director, officer: President and CEO | 15612 HIGHWAY 7, SUITE 331, MINNETONKA MN 55345 |
Steven A Browne | director | 1960 NEWMAN, CARSON CITY NV 89703 |
Michael I Connolly | director | 7800 BELFORT PARKWAY, SUITE 165, JACKSONVILLE FL 32256 |
Robert Siqveland | director, officer: Exec. Asst and Secretary | 15612 HIGHWAY 7, SUITE 331, MINNETONKA MN 55345 |
Glenn Joseph Goulet | director | 10708 BULL RIDGE DRIVE, AUSTIN TX 78759 |
Scott E Smith | director | 10513 RIGBY DRIVE, EDEN PRAIRIE MN 55447 |
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