PHP Ventures Acquisition (PHP Ventures Acquisition) Retained Earnings : $-7.28 Mil (As of Sep. 2023)

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What is PHP Ventures Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. PHP Ventures Acquisition's retained earnings for the quarter that ended in Sep. 2023 was $-7.28 Mil.

PHP Ventures Acquisition's quarterly retained earnings declined from Mar. 2023 ($-5.92 Mil) to Jun. 2023 ($-6.20 Mil) and declined from Jun. 2023 ($-6.20 Mil) to Sep. 2023 ($-7.28 Mil).

PHP Ventures Acquisition's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2021 ($-1.60 Mil) but then declined from Dec. 2021 ($-1.60 Mil) to Dec. 2022 ($-5.18 Mil).

PHP Ventures Acquisition Retained Earnings Historical Data

The historical data trend for PHP Ventures 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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PHP Ventures Acquisition Retained Earnings Chart

PHP Ventures Acquisition Annual Data

Trend

Dec21

Dec22

Retained Earnings

-1.60

-5.18

PHP Ventures Acquisition Quarterly Data
	May21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Retained Earnings	Get a 7-Day Free Trial					-3.68	-5.18	-5.92	-6.20	-7.28

PHP Ventures 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.

PHP Ventures Acquisition (NAS:PPHP) 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.

PHP Ventures Acquisition (PHP Ventures Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » PHP Ventures Acquisition Corp (NAS:PPHP) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan SS15/4G, CT 10-06, Level 10, Corporate Tower Subang Square, Subang Jaya, SGR, MYS, 47500

Website

https://www.phpventures.com

PHP Ventures Acquisition Corp is a blank check company.

Executives

Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Atlas Merchant Capital Llc	10 percent owner	477 MADISON AVENUE, 22ND FLOOR, NEW YORK NY 10022
Yakira Capital Management, Inc.	10 percent owner	1555 POST ROAD EAST, SUITE 202, WESTPORT CT 06880
Garry Richard Stein	officer: Chief Financial Officer	FLAT LB, 6/F, TOWER 3, AMBER HEMERA, OF LOHAS PARK, 1 LOHAS PARK ROAD, TSEUNG KWAN O, NEW TERRITORIES K3 00000
Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Antony Gordon	director	C/O FISCHER ZIZBLATT & KISS, 1800 AVE OF THE STARS #320, LOS ANGELES CA 90067
Global Link Investment Llc	10 percent owner	25, JALAN SS19/4E, SUBANG JAYA, SELANGOR N8 47500
Ngoh Marcus Choo Yeow	director, officer: Chief Executive Officer	CT10-06 LEVEL 10 CORPORATE TOWER SUBANG, JALAN SS 15/4G SUBANG JAYA, SELANGOR N8 47500
Anih Donald Nnamdi Esq.	director	16/18 OREMEJI STREET, LIVERPOOL ESTATE, SATELLITE TOWN, LAGOS Q5 102262
Phoon Khye Wang	director	29-2, JALAN RADIN ANUM 2, SRI PETALING, KUALA LUMPUR N8 57000