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Logistics Innovation Technologies (Logistics Innovation Technologies) Retained Earnings : $-13.97 Mil (As of Mar. 2023)


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What is Logistics Innovation Technologies Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Logistics Innovation Technologies's retained earnings for the quarter that ended in Mar. 2023 was $-13.97 Mil.

Logistics Innovation Technologies's quarterly retained earnings increased from Sep. 2022 ($-13.03 Mil) to Dec. 2022 ($-12.40 Mil) but then declined from Dec. 2022 ($-12.40 Mil) to Mar. 2023 ($-13.97 Mil).

Logistics Innovation Technologies's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2021 ($-25.43 Mil) and increased from Dec. 2021 ($-25.43 Mil) to Dec. 2022 ($-12.40 Mil).


Logistics Innovation Technologies Retained Earnings Historical Data

The historical data trend for Logistics Innovation Technologies'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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Logistics Innovation Technologies Retained Earnings Chart

Logistics Innovation Technologies Annual Data
Trend Dec21 Dec22
Retained Earnings
-25.43 -12.40

Logistics Innovation Technologies Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Retained Earnings Get a 7-Day Free Trial Premium Member Only -17.13 -14.13 -13.03 -12.40 -13.97

Logistics Innovation Technologies 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.


Logistics Innovation Technologies  (NAS:LITT) 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.


Logistics Innovation Technologies (Logistics Innovation Technologies) Business Description

Traded in Other Exchanges
N/A
Address
3495 Piedmont Road North East, Boulevard 11, Suite 710, One Piedmont Center, Atlanta, GA, USA, 30305
Website
Logistics Innovation Technologies Corp is a blank check company.
Executives
Andrew C Clarke director 430 AIRPORT ROAD, GREENVILLIE TN 37745
Chris T. Sultemeier director 1650 JOHN KING BLVD, #3602, ROCKWALL TX 75032
Alan Gershenhorn director, officer: CEO and Chairman 55 GLENLAKE PARKWAY NE, ATLANTA GA 30328
Isaac Applbaum 10 percent owner 65 CHALLENGER ROAD, C/O VECTOR INTERSECT SECURITY ACQ. CORP., RIDGEFILED PARK NJ 07660
Bruno Sidler director 15350 VICKERY DRIVE, HOUSTON TX 77032
1p Management Llc director, 10 percent owner 3348 PEACHTREE ROAD, SUITE 700, ATLANTA GA 30326