PlaySide Studios (ASX:PLY) Retained Earnings : A$3.56 Mil (As of Jun. 2024)

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What is PlaySide Studios Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. PlaySide Studios's retained earnings for the quarter that ended in Jun. 2024 was A$3.56 Mil.

PlaySide Studios's quarterly retained earnings increased from Jun. 2023 (A$-7.76 Mil) to Dec. 2023 (A$1.21 Mil) and increased from Dec. 2023 (A$1.21 Mil) to Jun. 2024 (A$3.56 Mil).

PlaySide Studios's annual retained earnings declined from Jun. 2022 (A$-0.79 Mil) to Jun. 2023 (A$-7.76 Mil) but then increased from Jun. 2023 (A$-7.76 Mil) to Jun. 2024 (A$3.56 Mil).

PlaySide Studios Retained Earnings Historical Data

The historical data trend for PlaySide Studios'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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PlaySide Studios Retained Earnings Chart

PlaySide Studios Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

Retained Earnings

-0.54

-5.64

-0.79

-7.76

3.56

PlaySide Studios Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Retained Earnings	Get a 7-Day Free Trial			-0.79	-6.28	-7.76	1.21	3.56

PlaySide Studios 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.

PlaySide Studios (ASX:PLY) 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.

PlaySide Studios Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » PlaySide Studios Ltd (ASX:PLY) » Definitions » Retained Earnings

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Traded in Other Exchanges

QJ9:Germany

Address

75 Crockford Street, Level 1, Port Melbourne, Melbourne, VIC, AUS, 3207

Website

https://www.playsidestudios.com

PlaySide Studios Ltd is a video game developer in Australia. The company delivers games across four platforms: Mobile, Virtual Reality (VR), Augmented Reality (AR), and PC. Some of its games include Ghost Pop, Flush Force, Defend the Bits, Dumb Ways to Dash, and many others. The company has one reportable segment, the development and monetization of mobile, PC, and console video games.

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