PREC (Prestige Cars International) Retained Earnings: $-0.36 Mil (As of Sep. 2023)


What is Prestige Cars International Retained Earnings?

Prestige Cars International PREC Retained Earnings is $-0.36 Mil as of Sep. 2023.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Prestige Cars International's retained earnings for the quarter that ended in Sep. 2023 was $-0.36 Mil.

Prestige Cars International's quarterly retained earnings stayed the same from . 20 ($0.00 Mil) to Sep. 2022 ($0.00 Mil) but then declined from Sep. 2022 ($0.00 Mil) to Sep. 2023 ($-0.36 Mil).

Prestige Cars International  (OTCPK:PREC) 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.

Prestige Cars International Retained Earnings Historical Data

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The historical data trend for Prestige Cars International'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.

Prestige Cars International Retained Earnings Chart

Prestige Cars International Annual Data
Trend
Retained Earnings

Prestige Cars International Semi-Annual Data
Sep22 Sep23
Retained Earnings 0.00 -0.36

Prestige Cars International 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.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of $-0.36 Mil mean?
Prestige Cars International (PREC) has a Retained Earnings of $-0.36 Mil as of Sep. 2023. Retained earnings is the amount of net income not issued to shareholders. View historical data on Prestige Cars International and its competitors.
Is Prestige Cars International's Retained Earnings too high?
Prestige Cars International's current Retained Earnings is $-0.36 Mil.
How does Prestige Cars International's Retained Earnings compare to NCNCF and ZAPPF?
Prestige Cars International's Retained Earnings of $-0.36 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Vehicles & Parts company?
A good Retained Earnings depends on the Vehicles & Parts industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Prestige Cars International and its competitors. Prestige Cars International's current Retained Earnings is $-0.36 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Prestige Cars International stock overvalued right now?
Prestige Cars International (PREC) has a current Retained Earnings of $-0.36 Mil. The current Retained Earnings is $-0.36 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Prestige Cars International (PREC), the current Retained Earnings is $-0.36 Mil as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Prestige Cars International Business Description

Address 1013 West Sunrise boulevard, Fort Lauderdale, FL, USA, 33311
Prestige Cars International Inc is engaged in restoring, buying, maintaining, selling and servicing High-End luxury European vehicles new and used and their parts world wide. The business of the company is conducted through its showroom and via the internet. The Company specializes in current and vintage Rolls Royce, Bentley, Mercedes Benz, BMW, Porsche, Jaguar, Ferrari, Aston Martin and Land Rovers. The Company services both the B2B and B2C automotive space.