Evo Acquisition (Evo Acquisition) Retained Earnings : $-6.16 Mil (As of Dec. 2022)

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What is Evo Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Evo Acquisition's retained earnings for the quarter that ended in Dec. 2022 was $-6.16 Mil.

Evo Acquisition's quarterly retained earnings declined from Jun. 2022 ($-5.53 Mil) to Sep. 2022 ($-5.66 Mil) and declined from Sep. 2022 ($-5.66 Mil) to Dec. 2022 ($-6.16 Mil).

Evo Acquisition's annual retained earnings declined from Dec. 2020 ($-0.02 Mil) to Dec. 2021 ($-9.10 Mil) but then increased from Dec. 2021 ($-9.10 Mil) to Dec. 2022 ($-6.16 Mil).

Evo Acquisition Retained Earnings Historical Data

The historical data trend for Evo 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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Evo Acquisition Retained Earnings Chart

Evo Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Retained Earnings

-0.02

-9.10

-6.16

Evo Acquisition Quarterly Data
	Nov20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Retained Earnings	Get a 7-Day Free Trial				-9.10	-6.25	-5.53	-5.66	-6.16

Evo 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.

Evo Acquisition (NAS:EVOJU) 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.

Evo Acquisition (Evo Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Stateline Road, Crystal Bay, NV, USA, 89402

Website

https://www.evospac.com

Evo Acquisition Corp is a blank check company formed for the purpose of effecting an initial business combination.

Executives

Red Dawn Capital Llc	10 percent owner	2122 OXFORD AVENUE, AUSTIN TX 78704
Jason Sausto	officer: Managing Director	10 STATELINE ROAD, CRYSTAL BAY NV 89402
Maclean Malcolm F Iv	director	C/O ASPEN GROUP, INC., 1660 SOUTH ALBION STREET, SUITE 525, DENVER CO 80222
Robert J Valentine	director	160 OSER AVENUE, HAUPPAUGE NY 11788
Evo Sponsor Llc	10 percent owner	11390 W. OLYMPIC BLVD SUITE 100, LOS ANGELES CA 90064
Michael Lerch	director, 10 percent owner, officer: Chairman	10 STATELINE ROAD, CRYSTAL BAY NV 89402
Adrian Brindle	officer: Chief Financial Officer	10 STATELINE ROAD, CRYSTAL BAY NV 89402
Kazuko Miyashita	director	10 STATELINE ROAD, CRYSTAL BAY NV 89402
Richard Chisholm	director, officer: Chief Executive Officer	10 STATELINE ROAD, CRYSTAL BAY NV 89402
Takahiro Fushimi	director	10 STATELINE ROAD, CRYSTAL BAY NV 89402
Shigeo Kashiwagi	director	10 STATELINE ROAD, CRYSTAL BAY NV 89402