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Luokung Technology (FRA:78IB) Retained Earnings : €-237.56 Mil (As of Jun. 2023)


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What is Luokung Technology Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Luokung Technology's retained earnings for the quarter that ended in Jun. 2023 was €-237.56 Mil.

Luokung Technology's quarterly retained earnings declined from Jun. 2022 (€-202.31 Mil) to Dec. 2022 (€-222.08 Mil) and declined from Dec. 2022 (€-222.08 Mil) to Jun. 2023 (€-237.56 Mil).

Luokung Technology's annual retained earnings declined from Dec. 2020 (€-93.09 Mil) to Dec. 2021 (€-161.70 Mil) and declined from Dec. 2021 (€-161.70 Mil) to Dec. 2022 (€-222.08 Mil).


Luokung Technology Retained Earnings Historical Data

The historical data trend for Luokung Technology'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.

Luokung Technology Retained Earnings Chart

Luokung Technology Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Dec18 Dec19 Dec20 Dec21 Dec22
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -36.80 -66.04 -93.09 -161.70 -222.08

Luokung Technology Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 -117.49 -161.70 -202.31 -222.08 -237.56

Luokung Technology 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.


Luokung Technology  (FRA:78IB) 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.


Luokung Technology (FRA:78IB) Business Description

Traded in Other Exchanges
Address
No. 9, Guanghua Road, Miss. Qinyu Zhao B9-8, Block B, SOHO Phase II, Chaoyang District, Beijing, CHN, 100020
Luokung Technology Corp is a mobile service and technology provider for the long-distance travel and railway Wi-Fi market in China. Its mobile application product Luokuang platform is a Location-based Service social content and service distribution platform. It offers personalized and precise services to long-distance travelers in two locations: on the train and at the destination. Its offerings include entertainment services including video and audio, digital reading material, games specific, and social services.

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