Q-Free ASA (Q-Free ASA) Retained Earnings : $-15.8 Mil (As of Sep. 2023)

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What is Q-Free ASA Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Q-Free ASA's retained earnings for the quarter that ended in Sep. 2023 was $-15.8 Mil.

Q-Free ASA's quarterly retained earnings increased from Mar. 2023 ($-16.9 Mil) to Jun. 2023 ($-13.7 Mil) but then declined from Jun. 2023 ($-13.7 Mil) to Sep. 2023 ($-15.8 Mil).

Q-Free ASA's annual retained earnings increased from Dec. 2020 ($-38.0 Mil) to Dec. 2021 ($-29.6 Mil) and increased from Dec. 2021 ($-29.6 Mil) to Dec. 2022 ($-22.3 Mil).

Q-Free ASA Retained Earnings Historical Data

The historical data trend for Q-Free ASA'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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Q-Free ASA Retained Earnings Chart

Q-Free ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Retained Earnings

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-26.75

-30.58

-38.02

-29.59

-22.28

Q-Free ASA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Retained Earnings	Get a 7-Day Free Trial															-17.20	-22.28	-16.90	-13.67	-15.84

Q-Free ASA 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.

Q-Free ASA (OTCPK:QFREF) 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.

Q-Free ASA (Q-Free ASA) Business Description

Industry

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Traded in Other Exchanges

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Address

Strindfjordvegen 1, Ranheim, NOR, 7053

Website

https://www.q-free.com

Q-Free ASA is engaged in the business of supplying products and solutions within Road User Charging (RUC) and Advanced Transportation Management Systems (ATMs). The company has three segments, namely Tolling, Traffic Management, and Assets held for sale. The majority of its revenue comes from the Tolling segment. Its Tolling solutions include Electronic Multi-Lane Free-Flow Toll Collection, Congestion Charging & Low-Emission Zones, Road User Charging, Enforcement, and Truck & Ferry Tolling. Its geographical segments are Europe, APMEA (Asia Pacific/Middle East/Africa), and the Americas.

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