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NVGT (Novagant) Retained Earnings : $-3.76 Mil (As of Dec. 2023)


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What is Novagant Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Novagant's retained earnings for the quarter that ended in Dec. 2023 was $-3.76 Mil.

Novagant's quarterly retained earnings declined from Jun. 2023 ($-3.73 Mil) to Sep. 2023 ($-3.74 Mil) and declined from Sep. 2023 ($-3.74 Mil) to Dec. 2023 ($-3.76 Mil).

Novagant's annual retained earnings declined from Mar. 2021 ($-0.01 Mil) to Mar. 2022 ($-3.66 Mil) and declined from Mar. 2022 ($-3.66 Mil) to Mar. 2023 ($-3.71 Mil).

Novagant Retained Earnings Historical Data

The historical data trend for Novagant'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.

Novagant Retained Earnings Chart

Novagant Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Mar21 Mar22 Mar23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only -18.33 -18.33 -0.01 -3.66 -3.71

Novagant Quarterly Data
Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -3.67 -3.71 -3.73 -3.74 -3.76

Novagant 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.

Novagant  (OTCPK:NVGT) 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.

Novagant Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Novagant Corp (OTCPK:NVGT) » Definitions » Retained Earnings
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Traded in Other Exchanges
N/A
Address
100 How Ming Street, AIA Kowloon Tower, Suite 2006, Landmark East, KT, Hong Kong, HKG, 999077
Website
https://www.novagantcorp.com
Novagant Corp through its subsidiary is a logistics service provider in Hong Kong. The company particularly specialized in Fast Moving Consumer Goods (FMCG) and Health Care Products. It generates revenue from the Air/ocean freight services income.
Executives
Wei Qun Chen director, 10 percent owner, officer: CEO UNIT 05,22/F,WAYSON COMMERCIAL BUILDING, 28 CONNAUGHT ROAD WEST, HONG KONG F4 28 CRW
Kenneth Hilowitz director 1201 CITY PLACE, EDGEWATER NJ 07020
Michael Magno director, officer: CEO 3996 NW 1ST PLACE, DEERFIELD BEACH FL 33442