IZM (ICZOOM Group) Retained Earnings : $-7.6 Mil (As of Jun. 2024)

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What is ICZOOM Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. ICZOOM Group's retained earnings for the quarter that ended in Jun. 2024 was $-7.6 Mil.

ICZOOM Group's quarterly retained earnings declined from Jun. 2023 ($-5.3 Mil) to Dec. 2023 ($-6.1 Mil) and declined from Dec. 2023 ($-6.1 Mil) to Jun. 2024 ($-7.6 Mil).

ICZOOM Group's annual retained earnings increased from Jun. 2022 ($-7.1 Mil) to Jun. 2023 ($-5.3 Mil) but then declined from Jun. 2023 ($-5.3 Mil) to Jun. 2024 ($-7.6 Mil).

ICZOOM Group Retained Earnings Historical Data

The historical data trend for ICZOOM 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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ICZOOM Group Retained Earnings Chart

ICZOOM Group Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Retained Earnings

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-11.95

-9.37

-7.09

-5.33

-7.61

ICZOOM Group Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Retained Earnings	Get a 7-Day Free Trial						-7.09	-6.16	-5.33	-6.06	-7.61

ICZOOM 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.

ICZOOM Group (NAS:IZM) 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.

ICZOOM Group Business Description

Industry

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Address

No. 7018 Cai Tian Road, Room 3801, Building A, Sunhope e·METRO, Futian District, Guangdong, Shenzhen, CHN, 518000

Website

http://www.iczoomex.com

ICZOOM Group Inc is engaged in the sale of electronic component products to customers in China. These products are used by small and medium-sized enterprises (SMEs) in the consumer electronic industry, Internet of Things (IoT), automotive electronics, and industrial control segment. In addition to the sales of electronic component products, also provides services to customers such as temporary warehousing, logistic and shipping, and customs clearance and charges them additional service commission fees. The company earns maximum revenue from sale of electronic components.