Feutune Light Acquisition (Feutune Light Acquisition) Retained Earnings : $-7.16 Mil (As of Mar. 2024)

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What is Feutune Light Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Feutune Light Acquisition's retained earnings for the quarter that ended in Mar. 2024 was $-7.16 Mil.

Feutune Light Acquisition's quarterly retained earnings declined from Sep. 2023 ($-4.91 Mil) to Dec. 2023 ($-6.12 Mil) and declined from Dec. 2023 ($-6.12 Mil) to Mar. 2024 ($-7.16 Mil).

Feutune Light Acquisition's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2022 ($-2.80 Mil) but then declined from Dec. 2022 ($-2.80 Mil) to Dec. 2023 ($-6.12 Mil).

Feutune Light Acquisition Retained Earnings Historical Data

The historical data trend for Feutune Light 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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Feutune Light Acquisition Retained Earnings Chart

Feutune Light Acquisition Annual Data

Trend

Dec22

Dec23

Retained Earnings

-2.80

-6.12

Feutune Light Acquisition Quarterly Data
	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial				-3.91	-4.06	-4.91	-6.12	-7.16

Feutune Light 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.

Feutune Light Acquisition (NAS:FLFV) 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.

Feutune Light Acquisition (Feutune Light Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Feutune Light Acquisition Corp (NAS:FLFV) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

48 Bridge Street, Building A, Metuchen, NJ, USA, 08840

Website

Feutune Light Acquisition Corp is a newly organized blank check company.

Executives

Wenbing Wang	director	21ST FLOOR, BUILDING B, JIA MING CENTER, NO. 27 DONG SAN HUAN NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100020
Michael Davidov	other: Former Director	60 EAST 42 STREET, NEW YORK NY 10165
Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Yuanmei Ma	officer: CFO	ROOM 605A TOWER A, RAYCOM INFO TECH PARK, NO. 2 KEXUEYUAN S. RD., ZHONGGUANCUN, HAIDIAN DISTRICT, BEIJING F4 100080
Lei Xu	director, other: President and chairwoman	1818 LINDA VISTA CIR., FULLERTON CA 92831
Feutune Light Sponsor Llc	10 percent owner	48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840
Xuedong Tian	director, officer: CEO and Director	48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840
Sau Fong Yeung	10 percent owner	48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840
Kevin Vassily	director	C/O IPOWER INC., 2399 BATEMAN AVENUE, DUARTE CA 91010
Ping Li	director	A1 68 XINXIA STREET, PINGHU, LONGGANG, SHENZHEN, GUANDONG F4 518111