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Duesenberg Technologies (Duesenberg Technologies) Retained Earnings : $-12.19 Mil (As of Jul. 2023)


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What is Duesenberg Technologies Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Duesenberg Technologies's retained earnings for the quarter that ended in Jul. 2023 was $-12.19 Mil.

Duesenberg Technologies's quarterly retained earnings declined from Jan. 2023 ($-11.90 Mil) to Apr. 2023 ($-12.09 Mil) and declined from Apr. 2023 ($-12.09 Mil) to Jul. 2023 ($-12.19 Mil).

Duesenberg Technologies's annual retained earnings declined from Oct. 2020 ($-7.75 Mil) to Oct. 2021 ($-9.46 Mil) and declined from Oct. 2021 ($-9.46 Mil) to Oct. 2022 ($-11.31 Mil).


Duesenberg Technologies Retained Earnings Historical Data

The historical data trend for Duesenberg Technologies'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.

Duesenberg Technologies Retained Earnings Chart

Duesenberg Technologies Annual Data
Trend Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.42 -7.26 -7.75 -9.46 -11.31

Duesenberg Technologies Quarterly Data
Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23
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 Premium Member Only Premium Member Only Premium Member Only -10.64 -11.31 -11.90 -12.09 -12.19

Duesenberg Technologies 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.


Duesenberg Technologies  (OTCPK:DUSYF) 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.


Duesenberg Technologies (Duesenberg Technologies) Business Description

Traded in Other Exchanges
N/A
Address
No. 21, Denai Endau 3, Seri Tanjung Pinang, Tanjung Tokong, PNG, MYS, 10470
Duesenberg Technologies Inc is engaged in the business of information technology. It is working in the development of SMART Systems and Vending Machines. The Vending Machine is customizable to sell a variety of consumer products ranging from traditional snacks, soft drinks, and coffee, to prepaid mobile cards and other goods, while simultaneously displaying advertisements and other various promotional content. Each Vending Machine is based on the operating system and is supplied with credit card reader and QR Code reader, which facilitates payments with credit cards, eWallet, and other membership-based payments. It generates revenue from SMART Systems software licensing and maintenance of the applications required to run SMART Systems.
Executives
Bok Aernout Reints director IG-23 A-3 ANDAMAN AT QUASIDE, LORONG SERI TANJUNG PINANG, TANJUNG TOKONG PENANG N8 10470
See-ming Ong director 144 HOLLAND ROAD, #7 - 146 HOLLAND COURT, SINGAPORE U0 278576
Chee Allen Wai Hong director 51-14-A MENARA BHL BANK, JALAN SULTAN AHMAD SHAH, PENANG N8 10050
Lim Hun Beng (joe) 10 percent owner 21 DENAI ENDAU 3, SERI TANJONG PINANG, TANJON TOKONG, GEORGETON, PENANG N8 10470
Jurgen Carl Barth director UNTEVE ZEILSH 36, SACHSENHEIM 2M D74343
Ian George Thompson officer: Chief Technical Officer, Subsi 448 WORDSWORTH STREET, FERNDALE MI 48220
Brendan Norman officer: Chief Strategy Officer, Subsid NO 5, THE RESIDENCE MONT KIARA, MONT KIARA, KUALA LUMPER N8 50480
Liong Fook Weng director, officer: CFO, Secretary and Treasurer NO 5, JALAN 2M, ANGGUN 2, RAWANG, SELANGOR D.E N8 48000
Weijie Chen director, officer: COO 156, JALAN UTAMA, 10450 PULUA PINANG, GEORGETOWN N8 10450
Da Silva Nelson Marques director, officer: CEO, CFO, President 810 - 789 WEST PENDER STREET, VANCOUVER A1 V6C 1H2
Ramsom Koay officer: Vice President of Marketing 410-P LORONG TAMAN CANTIK 3, AIRITAM N8 11500
Hampshire Capital Ltd 10 percent owner KENSINGTON GARDENS, NO U1317, LOT 7616, JLN. JUMIDAR BUYONG, LABUAN FT N8 8700
Jacek P Skurtys director, officer: CEO, CFO, President 156 JALAN UAMA, GEORGETOWN N8 10450
Hampshire Avenue Sdn Bhd 10 percent owner 156 JULAN UTAMA, GEORGETOWN, PENANG N8 10450
Patrick Joseph Fitzsimmons director, officer: CEO & President 810 - 789 WEST PENDER STREET, VANCOUVER A1 V6C 1H2

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