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FTII (FutureTech II Acquisition) Retained Earnings : $-3.83 Mil (As of Jun. 2024)


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What is FutureTech II Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. FutureTech II Acquisition's retained earnings for the quarter that ended in Jun. 2024 was $-3.83 Mil.

FutureTech II Acquisition's quarterly retained earnings declined from Dec. 2023 ($-3.33 Mil) to Mar. 2024 ($-3.90 Mil) but then increased from Mar. 2024 ($-3.90 Mil) to Jun. 2024 ($-3.83 Mil).

FutureTech II Acquisition's annual retained earnings declined from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($-3.23 Mil) and declined from Dec. 2022 ($-3.23 Mil) to Dec. 2023 ($-3.33 Mil).


FutureTech II Acquisition Retained Earnings Historical Data

The historical data trend for FutureTech II 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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FutureTech II Acquisition Retained Earnings Chart

FutureTech II Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Retained Earnings
- -3.23 -3.33

FutureTech II Acquisition Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.84 -6.26 -3.33 -3.90 -3.83

FutureTech II 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.


FutureTech II Acquisition  (NAS:FTII) 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.


FutureTech II Acquisition Business Description

Traded in Other Exchanges
N/A
Address
128 Gail Drive, New Rochelle, NY, USA, 10805
Website
FutureTech II Acquisition Corp is a blank check company.
Executives
Ray Lei Chen director, officer: Chief Executive Officer & CFO FLAT A, 6/F, BLOCK A, TONNOCHY TOWERS, NO.272 JAFFE ROAD, WANCHAI, HONG KONG F4 00000
Futuretech Partners Ii Llc 10 percent owner 128 GAIL DRIVE, NEW ROCHELLE NY 10805
Jonathan F Mckeage director C/O INFOTECH USA INC, 7 KINGSBRIDGE ROAD, FAIRFIELD NJ 07004
Neil Bush director 1675 BROADWAY, SUITE 2200, DENVER CO 80202
Aroop Zutshi director 128 GAIL DRIVE, NEW ROCHELLE NY 10805
Yuquan Wang director, 10 percent owner, officer: Chief Executive Officer 128 GAIL DRIVE, NEW ROCHELLE NY 10805
Jeffrey Alan Moseley director 1036 LIBERTY PARK DRIVE #22, AUSTIN TX 78746
Michael William Greenall director, officer: Chief Financial Officer 42 JALAN SRI HARTAMAS 17, TAMAN SRI HARTAMAS, KUALA LUMPUR N8 50480