LDDD (Longduoduo Co) Retained Earnings : $-6.69 Mil (As of Sep. 2024)

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What is Longduoduo Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Longduoduo Co's retained earnings for the quarter that ended in Sep. 2024 was $-6.69 Mil.

Longduoduo Co's quarterly retained earnings increased from Mar. 2024 ($-6.94 Mil) to Jun. 2024 ($-6.63 Mil) but then declined from Jun. 2024 ($-6.63 Mil) to Sep. 2024 ($-6.69 Mil).

Longduoduo Co's annual retained earnings declined from Jun. 2022 ($-7.85 Mil) to Jun. 2023 ($-7.89 Mil) but then increased from Jun. 2023 ($-7.89 Mil) to Jun. 2024 ($-6.63 Mil).

Longduoduo Co Retained Earnings Historical Data

The historical data trend for Longduoduo Co'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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Longduoduo Co Retained Earnings Chart

Longduoduo Co Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Retained Earnings

-0.33

-7.85

-7.89

-6.63

Longduoduo Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial									-7.60	-7.45	-6.94	-6.63	-6.69

Longduoduo Co 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.

Longduoduo Co (OTCPK:LDDD) 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.

Longduoduo Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Longduoduo Co Ltd (OTCPK:LDDD) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

G3-5-8016, Ruyi Headquarters Base, Hohhot Economic Development Zone, Inner Mongolia, Shui’an, CHN, 010000

Website

http://www.longduoduo.net

Longduoduo Co Ltd through its operating subsidiaries engaged in the business of providing preventive healthcare solutions. It provides a wide range of comprehensive preventive healthcare services including disease screening, healthcare treatments, healthcare products, and other services. The company mainly focuses on the prevention of myocardial infarction, cerebral infarction, hemiplegia, and cardiovascular and cerebrovascular diseases. The company's revenues are generated from its customers in the People's Republic of China.

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