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AZI (Autozi Internet Technology (Global)) Retained Earnings : $-171.5 Mil (As of Mar. 2024)


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What is Autozi Internet Technology (Global) Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Autozi Internet Technology (Global)'s retained earnings for the quarter that ended in Mar. 2024 was $-171.5 Mil.

Autozi Internet Technology (Global)'s quarterly retained earnings increased from Mar. 2023 ($-169.4 Mil) to Sep. 2023 ($-166.0 Mil) but then declined from Sep. 2023 ($-166.0 Mil) to Mar. 2024 ($-171.5 Mil).

Autozi Internet Technology (Global)'s annual retained earnings declined from Sep. 2021 ($-147.3 Mil) to Sep. 2022 ($-155.9 Mil) and declined from Sep. 2022 ($-155.9 Mil) to Sep. 2023 ($-166.0 Mil).


Autozi Internet Technology (Global) Retained Earnings Historical Data

The historical data trend for Autozi Internet Technology (Global)'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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Autozi Internet Technology (Global) Retained Earnings Chart

Autozi Internet Technology (Global) Annual Data
Trend Sep21 Sep22 Sep23
Retained Earnings
-147.33 -155.87 -166.02

Autozi Internet Technology (Global) Semi-Annual Data
Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Retained Earnings Get a 7-Day Free Trial - -155.87 -169.36 -166.02 -171.48

Autozi Internet Technology (Global) 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.


Autozi Internet Technology (Global)  (NAS:AZI) 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.


Autozi Internet Technology (Global) Business Description

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Address
No. 68 Beiqing Road, Block A, Building No. 16, Yonyou Software Park, Haidian, Beijing, CHN
Autozi Internet Technology (Global) Ltd is one of China's leading and fast-growing lifecycle automotive service providers. It provides high-quality, affordable, and professional one-stop automotive products and services through online and offline channels nationwide. Leveraging its online supply chain cloud platform, SaaS platforms, and the network of MBS stores, It has established an ecosystem of lifecycle automotive services by connecting automotive manufacturers, auto parts manufacturers, and insurance companies with MBS stores and various automotive owners. Its business segments include new car sales, auto parts and auto accessories sales, and automotive insurance-related services. The majority of revenue is from the new car sales segment, and auto parts & auto accessories sales.