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MARX (Mars Acquisition) Retained Earnings : $-0.63 Mil (As of Jun. 2024)


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What is Mars Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Mars Acquisition's retained earnings for the quarter that ended in Jun. 2024 was $-0.63 Mil.

Mars Acquisition's quarterly retained earnings declined from Dec. 2023 ($0.22 Mil) to Mar. 2024 ($-0.22 Mil) and declined from Mar. 2024 ($-0.22 Mil) to Jun. 2024 ($-0.63 Mil).

Mars Acquisition's annual retained earnings declined from Sep. 2021 ($-0.05 Mil) to Sep. 2022 ($-0.05 Mil) but then increased from Sep. 2022 ($-0.05 Mil) to Sep. 2023 ($0.31 Mil).

Mars Acquisition Retained Earnings Historical Data

The historical data trend for Mars Acquisition'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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Mars Acquisition Retained Earnings Chart

Mars Acquisition Annual Data
Trend Sep21 Sep22 Sep23
Retained Earnings
-0.05 -0.05 0.31

Mars Acquisition Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.44 0.31 0.22 -0.22 -0.63

Mars Acquisition 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.

Mars Acquisition  (NAS:MARX) 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.

Mars Acquisition Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Mars Acquisition Corp (NAS:MARX) » Definitions » Retained Earnings
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Traded in Other Exchanges
N/A
Address
1177 Avenue of The Americas, Suite 5100, Americas Tower, New York, NY, USA, 10036
Website
Mars Acquisition Corp is a blank check company.
Executives
Yenyou Zheng director 1055 WEST HASTINGS STREET, SUITE 1980, VANCOUVER A1 V6E 2E9
Xin He director 32000 AURORA ROAD, SUITE B, SOLON OH 44139
James M. Jenkins director 1600 BAUSCH & LOMB PLACE, ROCHESTER NY 14604
Karl Brenza director 26 CHERRY STREET, KATONAH NY 10536
Yang Liu director 59 FREDERICKS ST, WEST ORANGE NJ 07052
Shanchun Huang director PUDONG BUILDING, 2ND FLOOR,, JIULONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU F4 363000
Xiaochen Zhao director 1177 AVENUE OF THE AMERICAS, SUITE 5100, NEW YORK NY 10036