GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Generation Asia I Acquisition Ltd (NAS:GAQ) » Definitions » Retained Earnings

Generation Asia I Acquisition (Generation Asia I Acquisition) Retained Earnings : $-6.99 Mil (As of Mar. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Generation Asia I Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Generation Asia I Acquisition's retained earnings for the quarter that ended in Mar. 2024 was $-6.99 Mil.

Generation Asia I Acquisition's quarterly retained earnings declined from Sep. 2023 ($-5.23 Mil) to Dec. 2023 ($-5.28 Mil) and declined from Dec. 2023 ($-5.28 Mil) to Mar. 2024 ($-6.99 Mil).

Generation Asia I Acquisition's annual retained earnings declined from Dec. 2021 ($-0.06 Mil) to Dec. 2022 ($-8.28 Mil) but then increased from Dec. 2022 ($-8.28 Mil) to Dec. 2023 ($-5.28 Mil).


Generation Asia I Acquisition Retained Earnings Historical Data

The historical data trend for Generation Asia I 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.

* Premium members only.

Generation Asia I Acquisition Retained Earnings Chart

Generation Asia I Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Retained Earnings
-0.06 -8.28 -5.28

Generation Asia I Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -10.37 -4.15 -5.23 -5.28 -6.99

Generation Asia I 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.


Generation Asia I Acquisition  (NAS:GAQ) 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.


Generation Asia I Acquisition (Generation Asia I Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
Cricket Square, Boundary Hall, Grand Cayman, CYM, KY1-1102
Generation Asia I Acquisition Ltd is a blank check company.
Executives
Mei Gao director 101 CENTRAL PARK WEST, 4B, NEW YORK NY 10023
Sunghwan Cho director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Roy Kuan director, officer: Chief Executive Officer 68 YEE WO STREET, 18/F, CAUSEWAY BAY K3 00000
Kwok Catherine Chung Ka officer: Chief Financial Officer TWO EXCHANGE SQUARE, SUITE 3102, 8 CONNAUGHT PLACE, HONG KONG K3
Norimitsu Niwa director, officer: Chief Operating Officer TWO EXCHANGE SQUARE, SUITE 3102, 8 CONNAUGHT PLACE, HONG KONG K3
Gary Wb Chan director TWO EXCHANGE SQUARE, SUITE 3102, 8 CONNAUGHT PLACE, HONG KONG K3

Generation Asia I Acquisition (Generation Asia I Acquisition) Headlines