Odimo (ODMO) Retained Earnings : $-104.81 Mil (As of Dec. 2012)

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What is Odimo Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Odimo's retained earnings for the quarter that ended in Dec. 2012 was $-104.81 Mil.

Odimo's quarterly retained earnings declined from Jun. 2012 ($-104.75 Mil) to Sep. 2012 ($-104.77 Mil) and declined from Sep. 2012 ($-104.77 Mil) to Dec. 2012 ($-104.81 Mil).

Odimo's annual retained earnings increased from Dec. 2010 ($-104.83 Mil) to Dec. 2011 ($-104.69 Mil) but then declined from Dec. 2011 ($-104.69 Mil) to Dec. 2012 ($-104.81 Mil).

Odimo Retained Earnings Historical Data

The historical data trend for Odimo'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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Odimo Retained Earnings Chart

Odimo Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Retained Earnings

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-104.68

-104.66

-104.83

-104.69

-104.81

Odimo Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Retained Earnings	Get a 7-Day Free Trial															-104.69	-104.72	-104.75	-104.77	-104.81

Odimo 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.

Odimo (GREY:ODMO) 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.

Odimo (ODMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Odimo Inc (GREY:ODMO) » Definitions » Retained Earnings

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Address

9858 Clint Moore Road, Boca Raton, FL, USA, 33496

Website

Odimo Inc is a non-operating shell company.

Executives

Alan Lipton	director
Bruce Galloway	10 percent owner	C/O GALLOWAY CAPITAL MANAGEMENT LLC, 720 FIFTH AVENUE 10TH FLOOR, NEW YORK NY 10019
Galloway Capital Management, Llc	10 percent owner	1325 AVENUE OF THE AMERICAS, 26TH FLOOR, NEW YORK NY 10019
Strategic Turnaround Equity Partners Lp Cayman	10 percent owner	PO BOX 2150 GT 4TH FLOOR, 1 CAYMAN FINANCIAL CENTER, GRAND CAYMAN E9 00000
Softbank Capital Partners Llc	10 percent owner	1188 CENTRE ST, NEWTON CENTER MA 02459
Sb Capital Managers Llc	10 percent owner
Eric Hippeau	director	STARWOOD HOTELS & RESORTS WORLDWIDE, 44 SOUTH BROADWAY, WHITE PLAINS NY 10601
Stanley Stern	director	14001 NW 4TH STREET, SUNRISE FL 33325

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