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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Global Consumer Acquisition's retained earnings for the quarter that ended in Sep. 2022 was $-15.66 Mil.
Global Consumer Acquisition's quarterly retained earnings declined from Mar. 2022 ($-11.13 Mil) to Jun. 2022 ($-13.22 Mil) and declined from Jun. 2022 ($-13.22 Mil) to Sep. 2022 ($-15.66 Mil).
Global Consumer Acquisition's annual retained earnings stayed the same from . 20 ($0.00 Mil) to Dec. 2020 ($0.00 Mil) but then declined from Dec. 2020 ($0.00 Mil) to Dec. 2021 ($-13.23 Mil).
The historical data trend for Global Consumer 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.
Global Consumer Acquisition Annual Data | |||||
Trend | Dec20 | Dec21 | |||
Retained Earnings | - | -13.23 |
Global Consumer Acquisition Quarterly Data | ||||||||
Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | |
Retained Earnings | Get a 7-Day Free Trial | -9.66 | -13.23 | -11.13 | -13.22 | -15.66 |
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.
Global Consumer Acquisition (NAS:GACQ) 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.
Sergio Pedreiro | director | 2 PARK AVENUE, NEW YORK NY 10016 |
Arthur B Drogue | director | C/O SPAR GROUP, INC., 333 WESTCHESTER AVE, SOUTH BLDG, STE 204, WHITE PLAINS NY 10604 |
Denis Tse | director | C/O ACE CONVERGENCE ACQUISITION CORP., 1013 CENTRE ROAD, SUITE 403S, WILMINGTON DE 19805 |
Gautham Pai | director, 10 percent owner | 1926 RAND RIDGE COURT, MARIETTA GA 30062 |
Rohan Ajila | director, 10 percent owner, officer: CEO and CFO | 1926 RAND RIDGE COURT, MARIETTA GA 30062 |
Global Consumer Acquisition Llc | 10 percent owner | 1926 RAND RIDGE COURT, MARIETTA GA 30062 |
Tom Clausen | director | 1926 RAND RIDGE COURT, MARIETTA GA 30062 |
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