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GMM (Global Mofy AI) Retained Earnings : $15.53 Mil (As of Mar. 2024)


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What is Global Mofy AI Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Global Mofy AI's retained earnings for the quarter that ended in Mar. 2024 was $15.53 Mil.

Global Mofy AI's quarterly retained earnings increased from Mar. 2023 ($-0.54 Mil) to Sep. 2023 ($5.16 Mil) and increased from Sep. 2023 ($5.16 Mil) to Mar. 2024 ($15.53 Mil).

Global Mofy AI's annual retained earnings declined from Sep. 2021 ($-0.80 Mil) to Sep. 2022 ($-1.07 Mil) but then increased from Sep. 2022 ($-1.07 Mil) to Sep. 2023 ($5.16 Mil).

Global Mofy AI Retained Earnings Historical Data

The historical data trend for Global Mofy AI'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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Global Mofy AI Retained Earnings Chart

Global Mofy AI Annual Data
Trend Sep20 Sep21 Sep22 Sep23
Retained Earnings
-2.18 -0.80 -1.07 5.16

Global Mofy AI Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Retained Earnings Get a 7-Day Free Trial -0.40 -1.07 -0.54 5.16 15.53

Global Mofy AI 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.

Global Mofy AI  (NAS:GMM) 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.

Global Mofy AI Business Description

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No. A12, Xidian Memory Cultural and Creative Town, No. 102, 1st Floor, Gaobeidian Township, Chaoyang District, Beijing, CHN, 100000
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Global Mofy Metaverse Ltd operates as a technology solutions provider engaged in virtual content production, digital marketing, and digital assets development for the metaverse industry. It utilizes its proprietary Mofy Lab technology platform which consists of three-dimensional (3D) rebuilt technology and artificial intelligence (AI) interactive technology to create a 3D high-definition virtual version of a wide range of physical world objects such as human, animal, and scenes which can be used in different applications.