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Alset Capital Acquisition (Alset Capital Acquisition) Retained Earnings : $-2.05 Mil (As of Aug. 2023)


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What is Alset Capital Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Alset Capital Acquisition's retained earnings for the quarter that ended in Aug. 2023 was $-2.05 Mil.

Alset Capital Acquisition's quarterly retained earnings increased from Feb. 2023 ($-2.13 Mil) to May. 2023 ($-1.57 Mil) but then declined from May. 2023 ($-1.57 Mil) to Aug. 2023 ($-2.05 Mil).

Alset Capital Acquisition's annual retained earnings increased from . 20 ($0.00 Mil) to Nov. 2021 ($-0.01 Mil) but then declined from Nov. 2021 ($-0.01 Mil) to Nov. 2022 ($-2.03 Mil).


Alset Capital Acquisition Retained Earnings Historical Data

The historical data trend for Alset Capital 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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Alset Capital Acquisition Retained Earnings Chart

Alset Capital Acquisition Annual Data
Trend Nov21 Nov22
Retained Earnings
-0.01 -2.03

Alset Capital Acquisition Quarterly Data
Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23
Retained Earnings Get a 7-Day Free Trial -1.47 -2.03 -2.13 -1.57 -2.05

Alset Capital 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.


Alset Capital Acquisition  (NAS:ACAXU) 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.


Alset Capital Acquisition (Alset Capital Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
4800 Montgomery Lane, Suite 210, Bethesda, MD, USA, 20814
Alset Capital Acquisition Corp is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
Yakira Capital Management, Inc. 10 percent owner 1555 POST ROAD EAST, SUITE 202, WESTPORT CT 06880
Wolverine Asset Management Llc 10 percent owner 175 WEST JACKSON, SUITE 340, CHICAGO IL 60604
Hudson Bay Capital Management Lp 10 percent owner 28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830
Sander Gerber 10 percent owner C/O HUDSON BAY CAPITAL MANAGEMENT, L.P., 28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830
Chan Heng Fai Ambrose director, 10 percent owner, officer: Chairman and CEO 2601 INSLAND PLACE TOWER, 510 KINGS RD N POINT, HONG KONG K3 999999999
Wu William Wai Leung director C/O DOCUMENT SECURITY SYSTEMS, INC., 200 CANAL VIEW BLVD., SUITE 300, ROCHESTER NY 14624
Tat Keung Wong director 4800 MONTGOMERY LANE SUITE 210, BETHESDA MD 20814
Shui Yeung Wong director 4800 MONTGOMERY LANE, SUITE 210, BETHESDA MD 20814
Rongguo Wei officer: Chief Financial Officer 4800 MONTGOMERY LN #210, BETHESDA MD 20814
Alset Acquisition Sponsor, Llc 10 percent owner 4800 MONTGOMERY LANE, SUITE 210, BETHESDA MD 20814