MITA (Coliseum Acquisition) Retained Earnings : $-5.21 Mil (As of Sep. 2024)

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What is Coliseum Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Coliseum Acquisition's retained earnings for the quarter that ended in Sep. 2024 was $-5.21 Mil.

Coliseum Acquisition's quarterly retained earnings declined from Mar. 2024 ($-3.22 Mil) to Jun. 2024 ($-4.06 Mil) and declined from Jun. 2024 ($-4.06 Mil) to Sep. 2024 ($-5.21 Mil).

Coliseum Acquisition's annual retained earnings increased from Dec. 2021 ($-10.96 Mil) to Dec. 2022 ($-5.68 Mil) and increased from Dec. 2022 ($-5.68 Mil) to Dec. 2023 ($-2.57 Mil).

Coliseum Acquisition Retained Earnings Historical Data

The historical data trend for Coliseum 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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Coliseum Acquisition Retained Earnings Chart

Coliseum Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Retained Earnings

-10.96

-5.68

-2.57

Coliseum Acquisition Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial										-2.22	-2.57	-3.22	-4.06	-5.21

Coliseum 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.

Coliseum Acquisition (NAS:MITA) 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.

Coliseum Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Coliseum Acquisition Corp (NAS:MITA) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

1180 North Town Center Drive, Suite 100, Las Vegas, NV, USA, 89144

Website

https://www.coliseumacq.com

Coliseum Acquisition Corp is a blank check company.

Executives

Walter E Skowronski	director	6903 ROCKLEDGE DRIVE, BETHESDA MD 20817
Roland Rapp	director	27442 PORTOLA PARKWAY, SUITE 200, FOOTHILL RANCH CA 92610
Charles Wert	officer: Chief Executive Officer	200 PARK AVENUE, NEW YORK NY 10166
Kenneth Rivers	director	C/O COLISEUM ACQUISITION CORP., 1180 NORTH TOWN CENTER DRIVE, SUITE 100, LAS VEGAS NV 89144
Oanh Truong	officer: Chief Financial Officer	C/O COLISEUM ACQUISITION CORP., 1180 NORTH TOWN CENTER DRIVE, SUITE 100, LAS VEGAS NV 89144
Harry L. You	director, 10 percent owner, officer: See Remarks	EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Andrew R Heyer	director	501 MADISON AVENUE, FLOOR 5, NEW YORK NY 10019
James Lanzone	director	3000 CLEARVIEW WAY, SAN MATEO CA 94402
Coliseum Acquisition Sponsor Llc	10 percent owner	80 PINE STREET SUITE 3202, NEW YORK NY 10005
Daniel Haimovic	director, 10 percent owner, officer: Co-Chief Executive Officer	80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Andrew Fishkoff	officer: COO / General Counsel	80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Jason Beren	officer: Chief Financial Officer	80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Romitha Mally	director	80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Ezra Kucharz	director	80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Jason W. Stein	director, 10 percent owner, officer: Co-Chief Executive Officer	80 PINE STREET, SUITE 3202, NEW YORK NY 10005