CBH (Virtus Convertible &ome 2024 Target Term Fund) Retained Earnings : $-11.69 Mil (As of Jan. 2024)

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What is Virtus Convertible &ome 2024 Target Term Fund Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Virtus Convertible &ome 2024 Target Term Fund's retained earnings for the quarter that ended in Jan. 2024 was $-11.69 Mil.

Virtus Convertible &ome 2024 Target Term Fund's quarterly retained earnings declined from Jan. 2023 ($-9.00 Mil) to Jul. 2023 ($-10.03 Mil) and declined from Jul. 2023 ($-10.03 Mil) to Jan. 2024 ($-11.69 Mil).

Virtus Convertible &ome 2024 Target Term Fund's annual retained earnings declined from Feb. 2021 ($16.85 Mil) to Jan. 2023 ($-9.00 Mil) and declined from Jan. 2023 ($-9.00 Mil) to Jan. 2024 ($-11.69 Mil).

Virtus Convertible &ome 2024 Target Term Fund Retained Earnings Historical Data

The historical data trend for Virtus Convertible &ome 2024 Target Term Fund'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.

Virtus Convertible &ome 2024 Target Term Fund Retained Earnings Chart

Virtus Convertible &ome 2024 Target Term Fund Annual Data

Trend

Feb19

Feb20

Feb21

Jan23

Jan24

Retained Earnings

-1.70

1.03

16.85

-9.00

-11.69

Virtus Convertible &ome 2024 Target Term Fund Semi-Annual Data
	Aug17	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Jul22	Jan23	Jul23	Jan24
Retained Earnings	Get a 7-Day Free Trial							13.14	-10.22	-9.00	-10.03	-11.69

Virtus Convertible &ome 2024 Target Term Fund 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.

Virtus Convertible &ome 2024 Target Term Fund (NYSE:CBH) 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.

Virtus Convertible &ome 2024 Target Term Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Virtus Convertible & Income 2024 Target Term Fund (NYSE:CBH) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Munson Street, Greenfield, MA, USA, 01301-9683

Website

https://www.virtus.com/products/documents/virtus-c

Virtus Convertible & Income 2024 Target Term Fund is a diversified, closed-end management investment company. The fund's investment objectives are to provide a high level of income and returns. The group invests in various sectors such as Aerospace and Defense, healthcare services, machinery construction and Mining, Pharmaceuticals, Transportation, Textiles, Apparel and Luxury Goods, Diversified Financial Services, Auto Components, and others.

Executives

R Keith Walton	director	100 PEARL STREET, HARTFORD CT 06103
Mcdaniel Connie D	director	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Christine Hurtsellers	other: CEO - Subadviser to the issuer	230 PARK AVENUE, NEW YORK NY 10169
Vincent J Costa	other: CIO-Subadviser to the issuer	800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Paul Zemsky	other: CIO-Subadviser to the issuer	230 PARK AVENUE, NEW YORK NY 10169
Voya Investment Management Co	other: Subadviser to the issuer	10 STATE HOUSE SQUARE, SH12, HARTFORD CT 06103-3602
Philip R Mcloughlin	director	800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Brian T Zino	director	100 PARK AVENUE, NEW YORK NY 10017
Richard W Smirl	officer: EVP	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103
F Ford Drummond	director	100 N BROADWAY, OKLAHOMA CITY OK 73102
Alan Rappaport	director	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Bradley William Patrick Iii	officer: EVP, CFO and Treasurer	C/O VIRTUS INVESTMENT PARTNERS, INC., 56 PROSPECT STREET, HARTFORD CT 06115
George R Aylward	director, officer: President and CEO	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Francis G Waltman	officer: EVP	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Justin Kass	other: Portfolio Manager	1345 AVE OF THE AMERICAS, NEW YORK NY 10105