DUG Technology (ASX:DUG) Retained Earnings : A$-39.68 Mil (As of Dec. 2023)

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What is DUG Technology Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. DUG Technology's retained earnings for the quarter that ended in Dec. 2023 was A$-39.68 Mil.

DUG Technology's quarterly retained earnings increased from Dec. 2022 (A$-46.93 Mil) to Jun. 2023 (A$-40.89 Mil) and increased from Jun. 2023 (A$-40.89 Mil) to Dec. 2023 (A$-39.68 Mil).

DUG Technology's annual retained earnings declined from Jun. 2021 (A$-34.77 Mil) to Jun. 2022 (A$-48.87 Mil) but then increased from Jun. 2022 (A$-48.87 Mil) to Jun. 2023 (A$-40.89 Mil).

DUG Technology Retained Earnings Historical Data

The historical data trend for DUG Technology'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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DUG Technology Retained Earnings Chart

DUG Technology Annual Data

Trend

Jun21

Jun22

Jun23

Retained Earnings

-34.77

-48.87

-40.89

DUG Technology Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial			-45.47	-48.87	-46.93	-40.89	-39.68

DUG Technology 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.

DUG Technology (ASX:DUG) 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.

DUG Technology (ASX:DUG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » DUG Technology Ltd (ASX:DUG) » Definitions » Retained Earnings

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Address

76 Kings Park Road, West Perth, Perth, WA, AUS, 6005

Website

https://www.dug.com

DUG Technology Ltd is a technology company providing high performance computing as a service (HPCaaS), scientific data analysis services, and software solutions for the technology and resource sectors. Also, the company offers data management, multi-tiered support for optimising third-party algorithms, and integrated scientific software and services. The company has Three reportable segments which includes HPCaaS, Services, and Software segments and the company generates majority of its revenue from services segment.