Hmvod (HKSE:08103) Retained Earnings : HK$-689.12 Mil (As of Sep. 2023)

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What is Hmvod Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Hmvod's retained earnings for the quarter that ended in Sep. 2023 was HK$-689.12 Mil.

Hmvod's quarterly retained earnings increased from Mar. 2023 (HK$-683.23 Mil) to Jun. 2023 (HK$0.00 Mil) but then declined from Jun. 2023 (HK$0.00 Mil) to Sep. 2023 (HK$-689.12 Mil).

Hmvod's annual retained earnings declined from Mar. 2021 (HK$-642.75 Mil) to Mar. 2022 (HK$-670.90 Mil) and declined from Mar. 2022 (HK$-670.90 Mil) to Mar. 2023 (HK$-683.23 Mil).

Hmvod Retained Earnings Historical Data

The historical data trend for Hmvod'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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Hmvod Retained Earnings Chart

Hmvod Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Retained Earnings

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-597.00

-634.15

-642.75

-670.90

-683.23

Hmvod Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Retained Earnings	Get a 7-Day Free Trial															-677.45	-	-683.23	-	-689.12

Hmvod 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.

Hmvod (HKSE:08103) 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.

Hmvod (HKSE:08103) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hmvod Ltd (HKSE:08103) » Definitions » Retained Earnings

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Address

No.24 Lee Chung Street, 9/F, E-Trade Plaza, Chai Wan, Hong Kong, HKG

Website

https://www.hmvod.com.hk

Hmvod Ltd is s China-based company that operates in diversified business. The company is engaged in providing professional services, proprietary trading, and OTT services. Geographically, the company operates through the region of Hong Kong. The company operates through the following business segments: provision of professional services and provision of OTT Services. The Professional Services segment offers information technology engineering and technical support services and the OTT Services segment involves the distribution and production of films, television programs, and music production which generates maximum revenue.

Executives

Lui Yu Kin	2101 Beneficial owner
Chan Chui Ping	2101 Beneficial owner
Masan Capital Limited	2102 Investment manager
Masan Multi Strategy Fund Spc - Masan Hk Equity Fund Sp	2101 Beneficial owner
Top Lion International Limited	2201 Interest of corporation controlled by you
Cheng Chi Heng	2101 Beneficial owner
Accp Global Limited
Great China Management Limited	2201 Interest of corporation controlled by you
Trident Trust Company (hk) Limited	2201 Interest of corporation controlled by you
Lau Wang Chi Barry	2201 Interest of corporation controlled by you
Crosby Capital (holdings) Limited	2201 Interest of corporation controlled by you
Crosby Capital (hong Kong) Limited	2201 Interest of corporation controlled by you
Topful Holdings Limited	2101 Beneficial owner
Tang Yu Ming Nelson	2201 Interest of corporation controlled by you

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