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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Liquidity Services's retained earnings for the quarter that ended in Jun. 2024 was $3.7 Mil.
Liquidity Services's quarterly retained earnings increased from Dec. 2023 ($-8.1 Mil) to Mar. 2024 ($-2.3 Mil) and increased from Mar. 2024 ($-2.3 Mil) to Jun. 2024 ($3.7 Mil).
Liquidity Services's annual retained earnings increased from Sep. 2021 ($-71.4 Mil) to Sep. 2022 ($-30.9 Mil) and increased from Sep. 2022 ($-30.9 Mil) to Sep. 2023 ($-10.0 Mil).
The historical data trend for Liquidity Services'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.
Liquidity Services Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | -118.57 | -122.35 | -71.40 | -30.94 | -9.96 |
Liquidity Services Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Retained Earnings | Get a 7-Day Free Trial | -16.24 | -9.96 | -8.05 | -2.34 | 3.66 |
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.
Liquidity Services (NAS:LQDT) 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.
Jorge Celaya | officer: EVP & Chief Financial Officer | 1920 L STREET NW, 6TH FLOOR, WASHINGTON DC 20036 |
John Daunt | officer: EVP & COO | C/O 6931 ARLINGTON ROAD, SUITE 200, BETHESDA MD 20814 |
George H Ellis | director | 2911 TURTLE CREEK BOULEVARD, SUITE 1100, DALLAS TX 75219 |
Steven Weiskircher | officer: SVP & CTO | 6931 ARLINGTON ROAD, SUITE 200, BETHESDA MD 20814 |
Novelette Murray | officer: Chief Human Resources Officer | 6931 ARLINGTON ROAD SUITE 200, BETHESDA MD 20814 |
Mark A Shaffer | officer: VP, Gen. Counsel & Secretary | C/O LIQUIDITY SERVICES, INC., 1920 L STREET, N.W., 6TH FLOOR, WASHINGTON DC 20036 |
Edward Kolodzieski | director | C/O LIQUIDITY SERVICES, INC., 1920 L STREET, N.W., 6TH FLOOR, WASHINGTON DC 20036 |
Angrick William P Iii | director, 10 percent owner, officer: Chairman of the Board and CEO | C/O LIQUIDITY SERVICES, INC., 1920 L STREET, N.W., 6TH FLOOR, WASHINGTON DC 20036 |
Katharin S Dyer | director | 6931 ARLINGTON ROAD, SUITE 200, BETHESDA MD 20814 |
Thierno Amath Fall | director | 6931 ARLINGTON ROAD, SUITE 200, BETHESDA MD 20814 |
Jaime Mateus-tique | director, 10 percent owner, officer: President and Chief Op Officer | 1920 L STREET, N.W., 6TH FLOOR, WASHINGTON DC 20036 |
Nicholas Rozdilsky | officer: Vice President, Marketing | C/O 6931 ARLINGTON ROAD, SUITE 200, BETHESDA MD 20814 |
Beatriz V Infante | director | 4 TECHNOLOGY PARK DRIVE, SONUS NETWORKS, INC., WESTFORD MA 01886 |
Sam Guzman | officer: VP & Chief Accounting Officer | C/O 6931 ARLINGTON ROAD, SUITE 200, BETHESDA MD 20814 |
Michael Lutz | officer: VP, Human Resources | C/O 6931 ARLINGTON ROAD, BETHESDA MD 20814 |
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