Good Gaming (Good Gaming) Retained Earnings : $-10.61 Mil (As of Dec. 2023)

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What is Good Gaming Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Good Gaming's retained earnings for the quarter that ended in Dec. 2023 was $-10.61 Mil.

Good Gaming's quarterly retained earnings declined from Jun. 2023 ($-10.45 Mil) to Sep. 2023 ($-10.73 Mil) but then increased from Sep. 2023 ($-10.73 Mil) to Dec. 2023 ($-10.61 Mil).

Good Gaming's annual retained earnings declined from Dec. 2021 ($-7.64 Mil) to Dec. 2022 ($-9.75 Mil) and declined from Dec. 2022 ($-9.75 Mil) to Dec. 2023 ($-10.61 Mil).

Good Gaming Retained Earnings Historical Data

The historical data trend for Good Gaming'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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Good Gaming Retained Earnings Chart

Good Gaming Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-7.01

-7.98

-7.64

-9.75

-10.61

Good Gaming Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-9.75	-10.12	-10.45	-10.73	-10.61

Good Gaming 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.

Good Gaming (OTCPK:GMER) 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.

Good Gaming (Good Gaming) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Good Gaming Inc (OTCPK:GMER) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

415 McFarlan Road, Suite 108, Kennett Square, PA, USA, 19348

Website

https://www.good-gaming.com

Good Gaming Inc operates in the gaming industry across multiple segments. The company focuses on hosting multiple games online that subscribers can play for free or for fees depending on player level. It also offers social networking functionality, which helps gamers to interact, track each other and communicate.

Executives

Jordan Axt	director	2130 N. LINCOLN PARK WEST, CHICAGO IL 60614
Tassos D. Recachinas	director, 10 percent owner, officer: President	130 BROOKFIELD AVE., FAIRFIELD CT 06825
Hillwinds Ocean Energy, Llc	10 percent owner, other: Control Person (Entity)	501 KINGS HIGHWAY EAST, SUITE 108, FAIRFIELD CT 06825
Mark S Simon	director, officer: President/CEO/CFO	345 S END AVENUE #7P, NEW YORK NY 10280