BRAC (Broad Capital Acquisition) Retained Earnings : $-11.57 Mil (As of Sep. 2024)

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What is Broad Capital Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Broad Capital Acquisition's retained earnings for the quarter that ended in Sep. 2024 was $-11.57 Mil.

Broad Capital Acquisition's quarterly retained earnings declined from Mar. 2024 ($-10.45 Mil) to Jun. 2024 ($-11.15 Mil) and declined from Jun. 2024 ($-11.15 Mil) to Sep. 2024 ($-11.57 Mil).

Broad Capital Acquisition's annual retained earnings declined from Dec. 2021 ($-0.02 Mil) to Dec. 2022 ($-4.29 Mil) and declined from Dec. 2022 ($-4.29 Mil) to Dec. 2023 ($-9.74 Mil).

Broad Capital Acquisition Retained Earnings Historical Data

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

Broad Capital Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Retained Earnings

-0.02

-4.29

-9.74

Broad Capital Acquisition Quarterly Data
	May21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial									-8.18	-9.74	-10.45	-11.15	-11.57

Broad 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.

Broad Capital Acquisition (NAS:BRAC) 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.

Broad Capital Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Broad Capital Acquisition Corp (NAS:BRAC) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

6208 Sandpebble Ct, Dallas, TX, USA, 75254

Website

Broad Capital Acquisition Corp is a blank check company.

Executives

Shaolin Capital Management Llc	10 percent owner	230 NW 24TH STREET, SUITE 603, MIAMI FL 33127
Teck-yong Heng	director	NANSHAN DISTRICT #12 KEFA ROAD, DACHONG, CHENGSHIHUAYUAN BLOCK 5, UNIT #38D, GUANGDONG PROVINCE, SHENZHEN F4 518057
Johann Y Tse	director, officer: Chief Executive Officer	5345 ANNABEL LANE, PLANO TX 75093
Rongrong Jiang	director, officer: Chief Financial Officer	235 TENAFLY RD, TENAFLY NJ 07670
Trimmer Jeffrey Wayne Sr	director	7601 JOHN MCCAIN ROAD, COLLEYVILLE TX 76034
Keith Ryan Adams	director	235 TENAFLY RD, TENAFLY NJ 07670
Nicolas Shao	director	6 CHAOYANG PARK SOUTH, PARK AVE. APTS., BLD. #3-11F, BEIJING F4 00000
Broad Capital Llc	10 percent owner	5345 ANNABEL LANE, PLANO TX 75093