GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Distoken Acquisition Corp (NAS:DIST) » Definitions » Retained Earnings

Distoken Acquisition (Distoken Acquisition) Retained Earnings : $-0.61 Mil (As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Distoken Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Distoken Acquisition's retained earnings for the quarter that ended in Mar. 2024 was $-0.61 Mil.

Distoken Acquisition's quarterly retained earnings declined from Sep. 2023 ($0.39 Mil) to Dec. 2023 ($-0.07 Mil) and declined from Dec. 2023 ($-0.07 Mil) to Mar. 2024 ($-0.61 Mil).

Distoken Acquisition's annual retained earnings declined from Dec. 2021 ($-0.01 Mil) to Dec. 2022 ($-0.01 Mil) and declined from Dec. 2022 ($-0.01 Mil) to Dec. 2023 ($-0.07 Mil).


Distoken Acquisition Retained Earnings Historical Data

The historical data trend for Distoken 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.

* Premium members only.

Distoken Acquisition Retained Earnings Chart

Distoken Acquisition Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Retained Earnings
-0.01 -0.01 -0.01 -0.07

Distoken Acquisition Quarterly Data
Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.24 0.68 0.39 -0.07 -0.61

Distoken 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.


Distoken Acquisition  (NAS:DIST) 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.


Distoken Acquisition (Distoken Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
No. 2 Xiaoba Road, Unit 1006, Block C, Jinshangjun Park, Panlong District, Yunnan, Kunming, CHN
Website
Distoken Acquisition Corp is a blank check company.
Executives
John Wallace director 55 BROADWAY, 19TH FLOOR, NEW YORK NY 10006
Xiaosen Sponsor Llc director, 10 percent owner, officer: CEO and Chairman UNIT 1006 BLOCK C, JINSHANGJUN PARK, KUNMING YUNNAN F4 000000
Jirong Lyu director, officer: Chief Financial Officer UNIT 1006, BLOCK C, JINSHANGJUN PARK, NO. 2 XIAOBA ROAD, PANLONG DISTRICT, KUNMING, YUNNAN F4 00000
Joseph Valenza director UNIT 1006, BLOCK C, JINSHANGJUN PARK, NO. 2 XIAOBA ROAD, PANLONG DISTRICT, KUNMING, YUNNAN F4 00000
Yiwen Ma officer: Chief Technology Officer UNIT 1006, BLOCK C, JINSHANGJUN PARK, NO. 2 XIAOBA ROAD, PANLONG DISTRICT, KUNMING, YUNNAN F4 00000
Ning Wang director UNIT 1006, BLOCK C, JINSHANGJUN PARK, NO. 2 XIAOBA ROAD, PANLONG DISTRICT, KUNMING, YUNNAN F4 00000
Jian Zhang director, 10 percent owner, officer: CEO and Chairman UNIT 1006, BLOCK C, JINSHANGJUN PARK, NO. 2 XIAOBA ROAD, PANLONG DISTRICT, KUNMING, YUNNAN F4 00000
Zhanming Zhang officer: Chief Investment Officer UNIT 1006, BLOCK C, JINSHANGJUN PARK, NO. 2 XIAOBA RD, PANLONG, YUNNAN F4 000000