Athena Consumer Acquisition (Athena Consumer Acquisition) Retained Earnings : $-14.21 Mil (As of Jun. 2023)

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What is Athena Consumer Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Athena Consumer Acquisition's retained earnings for the quarter that ended in Jun. 2023 was $-14.21 Mil.

Athena Consumer Acquisition's quarterly retained earnings increased from Dec. 2022 ($-13.45 Mil) to Mar. 2023 ($-13.09 Mil) but then declined from Mar. 2023 ($-13.09 Mil) to Jun. 2023 ($-14.21 Mil).

Athena Consumer Acquisition's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2021 ($-7.31 Mil) but then declined from Dec. 2021 ($-7.31 Mil) to Dec. 2022 ($-13.45 Mil).

Athena Consumer Acquisition Retained Earnings Historical Data

The historical data trend for Athena Consumer Acquisition'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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Athena Consumer Acquisition Retained Earnings Chart

Athena Consumer Acquisition Annual Data

Trend

Dec21

Dec22

Retained Earnings

-7.31

-13.45

Athena Consumer Acquisition Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Retained Earnings	Get a 7-Day Free Trial				-8.38	-11.36	-13.45	-13.09	-14.21

Athena Consumer Acquisition 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.

Athena Consumer Acquisition (AMEX:ACAQ.U) 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.

Athena Consumer Acquisition (Athena Consumer Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Athena Consumer Acquisition Corp (AMEX:ACAQ.U) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

442 5th Avenue, New York, NY, USA, 10018

Website

http://www.athenaconsumerspac.com

Athena Consumer Acquisition Corp is a blank check company.

Executives

Sarah M Kauss	director	611 BAINBRIDGE STREET, SUITE 100, RICHMOND VA 23224
Jennifer Carr-smith	officer: COO and President	28 LIBERTY STREET, NEW YORK NY 10005
Dee M Robinson	director	140 TOWER DRIVE, BURR RIDGE IL 60527
Kay Koplovitz	director	KOPLOVITZ & CO. LLC, 145 CENTRAL PARK WEST, APT 24C, NEW YORK NY 10023
Isabelle D. Freidheim	director, 10 percent owner	125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144
Athena Consumer Acquisition Sponsor Llc	10 percent owner	442 5TH AVENUE, NEW YORK NY 10018
Angelina Smith	officer: Chief Financial Officer	C/O ATHENA ACQUISITION CORP., 442 5TH AVE., NEW YORK NY 10018
Jane Hyo-sung Park	officer: Chief Executive Officer	C/O ATHENA ACQUISITION CORP., 442 5TH AVE., NEW YORK NY 10018