Altitude Group (LSE:ALT) Retained Earnings : £-10.00 Mil (As of Sep. 2024)

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What is Altitude Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Altitude Group's retained earnings for the quarter that ended in Sep. 2024 was £-10.00 Mil.

Altitude Group's quarterly retained earnings increased from Sep. 2023 (£-10.59 Mil) to Mar. 2024 (£-9.82 Mil) but then declined from Mar. 2024 (£-9.82 Mil) to Sep. 2024 (£-10.00 Mil).

Altitude Group's annual retained earnings increased from Mar. 2022 (£-12.37 Mil) to Mar. 2023 (£-11.05 Mil) and increased from Mar. 2023 (£-11.05 Mil) to Mar. 2024 (£-9.82 Mil).

Altitude Group Retained Earnings Historical Data

The historical data trend for Altitude 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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Altitude Group Retained Earnings Chart

Altitude Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Mar21

Mar22

Mar23

Mar24

Retained Earnings

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-6.79

-12.64

-12.37

-11.05

-9.82

Altitude Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Retained Earnings	Get a 7-Day Free Trial															-10.99	-11.05	-10.59	-9.82	-10.00

Altitude 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.

Altitude Group (LSE:ALT) 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.

Altitude Group Business Description

Industry

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Address

32 Eyre Street, 7th Floor, Sheffield City Centre, Sheffield, GBR, S1 4QZ

Website

https://www.altitudeplc.com

Altitude Group PLC operates a technology and information business providing services to the promotional merchandising and print industries across North America and the United Kingdom. The company enables the buyers and sellers of products to interact and trade, through the provision of technology, catalogues, and exhibition services, in the promotional merchandising and printing sectors. Its service portfolio comprises technology services such as cloud and server-based software, website solution, information service solution. It derives mainly of its revenue from North America.