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MMTC (Micro Imaging Technology) Retained Earnings : $-47.34 Mil (As of Jul. 2014)


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What is Micro Imaging Technology Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Micro Imaging Technology's retained earnings for the quarter that ended in Jul. 2014 was $-47.34 Mil.

Micro Imaging Technology's quarterly retained earnings declined from Jan. 2014 ($-46.98 Mil) to Apr. 2014 ($-47.16 Mil) and declined from Apr. 2014 ($-47.16 Mil) to Jul. 2014 ($-47.34 Mil).

Micro Imaging Technology's annual retained earnings declined from Oct. 2011 ($-44.16 Mil) to Oct. 2012 ($-45.41 Mil) and declined from Oct. 2012 ($-45.41 Mil) to Oct. 2013 ($-46.41 Mil).


Micro Imaging Technology Retained Earnings Historical Data

The historical data trend for Micro Imaging Technology'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.

* Premium members only.

Micro Imaging Technology Retained Earnings Chart

Micro Imaging Technology Annual Data
Trend Oct04 Oct05 Oct06 Oct07 Oct08 Oct09 Oct10 Oct11 Oct12 Oct13
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -39.59 -42.67 -44.16 -45.41 -46.41

Micro Imaging Technology Quarterly Data
Oct09 Jan10 Apr10 Jul10 Oct10 Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -46.25 -46.41 -46.98 -47.16 -47.34

Micro Imaging Technology 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.


Micro Imaging Technology  (OTCPK:MMTC) 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.


Micro Imaging Technology Business Description

Traded in Other Exchanges
N/A
Address
970 Calle Amanecer, Suite F, San Clemente, CA, USA, 92673
Micro Imaging Technology Inc (MIT) is an engaged in developing and manufacturing of laser-based microbial identification system. The device uses the principles of light scattering to discriminate various bacteria cells that are suspended in filtered water. Its MIT 1000 product features 35 photodetectors that surround the sample vial and collect light scattering intensities that are generated when a cell intersects the laser beam.
Executives
Anthony M Frank other: 5% owner

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