Jiuzi Holdings (Jiuzi Holdings) Retained Earnings : $-18.66 Mil (As of Oct. 2023)

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What is Jiuzi Holdings Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Jiuzi Holdings's retained earnings for the quarter that ended in Oct. 2023 was $-18.66 Mil.

Jiuzi Holdings's quarterly retained earnings declined from Oct. 2022 ($-9.34 Mil) to Apr. 2023 ($-15.88 Mil) and declined from Apr. 2023 ($-15.88 Mil) to Oct. 2023 ($-18.66 Mil).

Jiuzi Holdings's annual retained earnings declined from Apr. 2021 ($8.12 Mil) to Oct. 2022 ($-9.34 Mil) and declined from Oct. 2022 ($-9.34 Mil) to Oct. 2023 ($-18.66 Mil).

Jiuzi Holdings Retained Earnings Historical Data

The historical data trend for Jiuzi Holdings'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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Jiuzi Holdings Retained Earnings Chart

Jiuzi Holdings Annual Data

Trend

Oct18

Oct19

Oct20

Apr21

Oct22

Oct23

Retained Earnings

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3.66

6.85

8.12

-9.34

-18.66

Jiuzi Holdings Semi-Annual Data
	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Retained Earnings	Get a 7-Day Free Trial						7.46	2.22	-9.34	-15.88	-18.66

Jiuzi Holdings 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.

Jiuzi Holdings (NAS:JZXN) 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.

Jiuzi Holdings (Jiuzi Holdings) Business Description

Industry

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Address

No. 168 Qianjiang Nongchang Gengwen Road, 15th Floor, Economic and Technological Development Zone, Xiaoshan District, Zhejiang Province, Hangzhou, CHN, 310000

Website

http://m.zjjzxny.cn

Jiuzi Holdings Inc operates as a franchise under the brand name Jiuzi. It sells new energy vehicles in third-fourth tier cities in China. The firm also sells plug-in electric vehicles on-demand from vehicle buyers. Its business segments are sales of NEVs and Franchisees service. The company generates a majority of its revenue from NEVs segment. Geographically, the firm operates in China.