NOIZ Group (HKSE:08163) Retained Earnings : HK$-1,470.71 Mil (As of Dec. 2023)

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What is NOIZ Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. NOIZ Group's retained earnings for the quarter that ended in Dec. 2023 was HK$-1,470.71 Mil.

NOIZ Group's quarterly retained earnings declined from Jun. 2023 (HK$-1,457.94 Mil) to Sep. 2023 (HK$-1,465.35 Mil) and declined from Sep. 2023 (HK$-1,465.35 Mil) to Dec. 2023 (HK$-1,470.71 Mil).

NOIZ Group's annual retained earnings declined from Dec. 2021 (HK$0.00 Mil) to Dec. 2022 (HK$-1,444.25 Mil) and declined from Dec. 2022 (HK$-1,444.25 Mil) to Dec. 2023 (HK$-1,470.71 Mil).

NOIZ Group Retained Earnings Historical Data

The historical data trend for NOIZ Group'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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NOIZ Group Retained Earnings Chart

NOIZ Group Annual Data

Trend

Dec14

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Dec16

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Dec18

Dec19

Dec20

Dec21

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Dec23

Retained Earnings

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-1,444.25

-1,470.71

NOIZ Group 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															-1,444.25	-1,450.55	-1,457.94	-1,465.35	-1,470.71

NOIZ Group 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.

NOIZ Group (HKSE:08163) 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.

NOIZ Group (HKSE:08163) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » NOIZ Group Ltd (HKSE:08163) » Definitions » Retained Earnings

Traded in Other Exchanges

N/A

Address

111 Connaught Road Central, Room 1108, 11th Floor, Wing On Centre, Central, Hong Kong, HKG

Website

https://www.noiz-group.com

NOIZ Group Ltd is engaged in the technology, entertainment, and financial services business. In the technology business, Group is driving blockchain to mass adoption and commercialization making blockchain technology widely available for all businesses via its Blockchain-as-a-Service (BaaS) platform solutions. It provides tailor-made services and advice to businesses allowing them to use cloud-based solutions to manage and develop their applications. It aims to digitalize the entertainment segment by creating diversified and innovative ways for audiences to experience the power of virtual entertainment and enjoy immersive experiences through blockchain technology expertise and experience. The financial service business is operated through its wholly-owned subsidiary.

Executives

Team Sunny International Holdings Limited	2101 Beneficial owner
Wong Hin Shek	2201 Interest of corporation controlled by you

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