EVTGF (EV Technology Group) Retained Earnings : $-34.06 Mil (As of Sep. 2023)

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What is EV Technology Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. EV Technology Group's retained earnings for the quarter that ended in Sep. 2023 was $-34.06 Mil.

EV Technology Group's quarterly retained earnings declined from Mar. 2023 ($-24.82 Mil) to Jun. 2023 ($-26.89 Mil) and declined from Jun. 2023 ($-26.89 Mil) to Sep. 2023 ($-34.06 Mil).

EV Technology Group's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2021 ($-0.27 Mil) but then declined from Dec. 2021 ($-0.27 Mil) to Dec. 2022 ($-21.26 Mil).

EV Technology Group Retained Earnings Historical Data

The historical data trend for EV Technology Group'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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EV Technology Group Retained Earnings Chart

EV Technology Group Annual Data

Trend

Dec21

Dec22

Retained Earnings

-0.27

-21.26

EV Technology Group Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Retained Earnings	Get a 7-Day Free Trial			-18.34	-21.26	-24.82	-26.89	-34.06

EV Technology Group 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.

EV Technology Group (OTCPK:EVTGF) 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.

EV Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » EV Technology Group Ltd (OTCPK:EVTGF) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

198 Davenport Road, Toronto, ON, CAN, M5R 1J2

Website

https://www.evtgroup.com

EV Technology Group Ltd owns and operates iconic and luxury motoring brands and helps them 'go electric. It acquires iconic brands and invests in making the transition to electric. It is in the business of developing and commercializing electric vehicle technologies that have growth potential in distinctive, niche, and underserved markets. The Company has adopted a direct-to-consumer (D2C) distribution model to deliver a premium unified brand experience through flagship locations, online experiences, and marketing activations. The Company operates in Canada, UK and France.