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Banyan Acquisition (Banyan Acquisition) Retained Earnings : $-14.27 Mil (As of Sep. 2023)


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What is Banyan Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Banyan Acquisition's retained earnings for the quarter that ended in Sep. 2023 was $-14.27 Mil.

Banyan Acquisition's quarterly retained earnings declined from Mar. 2023 ($-10.20 Mil) to Jun. 2023 ($-13.92 Mil) and declined from Jun. 2023 ($-13.92 Mil) to Sep. 2023 ($-14.27 Mil).

Banyan Acquisition's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2021 ($-0.02 Mil) but then declined from Dec. 2021 ($-0.02 Mil) to Dec. 2022 ($-10.70 Mil).


Banyan Acquisition Retained Earnings Historical Data

The historical data trend for Banyan 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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Banyan Acquisition Retained Earnings Chart

Banyan Acquisition Annual Data
Trend Dec21 Dec22
Retained Earnings
-0.02 -10.70

Banyan Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -11.01 -10.70 -10.20 -13.92 -14.27

Banyan 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.


Banyan Acquisition  (NYSE:BYN) 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.


Banyan Acquisition (Banyan Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
400 Skokie Boulevard, Suite 820, Northbrook, IL, USA, 60062
Banyan Acquisition Corp is a blank check company.
Executives
Bruce S. Lubin director 5217 RFD BRIARCREST, LONG GROVE IL 60047
Keith Jaffee director, officer: Chief Executive Officer 400 SKOKIE BLVD STE 820, NORTHBROOK IL 60062
Jerry Hyman director, officer: Chairman 400 SKOKIE BLVD STE 820, NORTHBROOK IL 60062
Banyan Acquisition Sponsor Llc director, other: Director by Deputization 400 SKOKIE BLVD STE 820, NORTHBROOK IL 60062
George Courtot officer: Chief Financial Officer 400 SKOKIE BLVD STE 820, NORTHBROOK IL 60062
Otis Carter director 400 SKOKIE BLVD STE 820, NORTHBROOK IL 60062
Peter Cameron director 470 ATLANTIC AVE, 4TH FLOOR, C/O ACUITY MANAGEMENT, INC., BOSTON MA 02210