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Banxa Holdings (Banxa Holdings) Retained Earnings : $-27.3 Mil (As of Dec. 2023)


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What is Banxa Holdings Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Banxa Holdings's retained earnings for the quarter that ended in Dec. 2023 was $-27.3 Mil.

Banxa Holdings's quarterly retained earnings declined from Jun. 2023 ($-25.4 Mil) to Sep. 2023 ($-25.7 Mil) and declined from Sep. 2023 ($-25.7 Mil) to Dec. 2023 ($-27.3 Mil).

Banxa Holdings's annual retained earnings declined from Jun. 2021 ($-8.6 Mil) to Jun. 2022 ($-20.0 Mil) and declined from Jun. 2022 ($-20.0 Mil) to Jun. 2023 ($-25.4 Mil).


Banxa Holdings Retained Earnings Historical Data

The historical data trend for Banxa Holdings'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.

* Premium members only.

Banxa Holdings Retained Earnings Chart

Banxa Holdings Annual Data
Trend Jun20 Jun21 Jun22 Jun23
Retained Earnings
-3.70 -8.55 -20.00 -25.38

Banxa Holdings Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -21.19 -20.56 -25.38 -25.68 -27.35

Banxa Holdings 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.


Banxa Holdings  (OTCPK:BNXAF) 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.


Banxa Holdings (Banxa Holdings) Business Description

Traded in Other Exchanges
Address
2-6 Gwynne Street, Level 2, Melbourne, VIC, AUS, 3121
Banxa Holdings Inc is a payments service provider for the digital asset space. It offers a cryptocurrency gateway platform to other businesses in the industry. The company's goal is to onboard the general public to digital currency by building a fully compliant payment infrastructure that enables simple and secure conversion of fiat currency to digital currency. Geographically, it operates in Australia, North America and Europe and derives a majority of its revenue from Europe.