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EBON (Ebang International Holdings) Retained Earnings : $-121.07 Mil (As of Jun. 2024)


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What is Ebang International Holdings Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Ebang International Holdings's retained earnings for the quarter that ended in Jun. 2024 was $-121.07 Mil.

Ebang International Holdings's quarterly retained earnings declined from Jun. 2023 ($-85.89 Mil) to Dec. 2023 ($-114.84 Mil) and declined from Dec. 2023 ($-114.84 Mil) to Jun. 2024 ($-121.07 Mil).

Ebang International Holdings's annual retained earnings declined from Dec. 2021 ($-34.18 Mil) to Dec. 2022 ($-78.07 Mil) and declined from Dec. 2022 ($-78.07 Mil) to Dec. 2023 ($-114.84 Mil).


Ebang International Holdings Retained Earnings Historical Data

The historical data trend for Ebang International Holdings'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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Ebang International Holdings Retained Earnings Chart

Ebang International Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial -7.91 -38.58 -34.18 -78.07 -114.84

Ebang International Holdings Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -44.26 -78.07 -85.89 -114.84 -121.07

Ebang International Holdings 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.


Ebang International Holdings  (NAS:EBON) 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.


Ebang International Holdings Business Description

Traded in Other Exchanges
Address
No. 20-02B, 12 Marina View, Asia Square Tower 2, Singapore, SGP, 018961
Ebang International Holdings Inc is a blockchain technology and Fintech company, that has ASIC chip design capability. Its business is ASIC chip design and Telecommunication. It operates in a single segment selling bitcoin mining machines and related accessories, telecommunication products, providing cryptocurrency exchange services, management and maintenance services, and cross-border payment and foreign exchange services. Its geographic regions are Mainland China, Australia, and Other countries and regions.