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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. QuantGate Systems's retained earnings for the quarter that ended in Aug. 2024 was $-13.31 Mil.
QuantGate Systems's quarterly retained earnings declined from Feb. 2024 ($-13.03 Mil) to May. 2024 ($-13.11 Mil) and declined from May. 2024 ($-13.11 Mil) to Aug. 2024 ($-13.31 Mil).
QuantGate Systems's annual retained earnings declined from May. 2022 ($-11.23 Mil) to May. 2023 ($-12.49 Mil) and declined from May. 2023 ($-12.49 Mil) to May. 2024 ($-13.11 Mil).
The historical data trend for QuantGate Systems'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.
QuantGate Systems Annual Data | |||||||||||||||||||||
Trend | May12 | May13 | May14 | May15 | May16 | May20 | May21 | May22 | May23 | May24 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | -7.95 | -10.13 | -11.23 | -12.49 | -13.11 |
QuantGate Systems Quarterly Data | ||||||||||||||||||||
Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | May24 | Aug24 | |
Retained Earnings | Get a 7-Day Free Trial | -12.80 | -12.81 | -13.03 | -13.11 | -13.31 |
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.
QuantGate Systems (OTCPK:QGSI) 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.
Jack J. Bensimon | officer: Chief Executive Officer | 34 KING ST. E. SUITE 1010, TORONTO A6 M5C 2X8 |
Ontario 1476448 | 10 percent owner | 1927 SHELLARD ROAD, CAMBRIDGE A6 N1R 5S7 |
Murray Simser | officer: CEO and President | C/O MOBILE INTEGRATED SYSTEMS, INC., 25 ADELAIDE STREET EAST, SUITE 502, TORONTO A6 M5C 3A1 |
Benjamin Chesir | other: Former Director | ONE NORTH END AVENUE, WORLD FINANCIAL CENTER, NEW YORK NY 10282 |
Richard Schaeffer | other: Former Director | C/O LIQUID HOLDINGS GROUP, INC., 800 THIRD AVE., 39TH FLOOR, NEW YORK NY 10022 |
Emlyn David | director, officer: Chief Executive Officer | SUITE 502, 25 ADELAIDE STREET, TORONTO A6 M5C 3A1 |
James Mcgovern | other: Former Director | C/O LOTO INC., 25 ADELAIDE STREET EAST, 502, TORONTO A6 M5C 3A1 |
Fulvio Ciano | officer: President and CTO | 142 BANFF RD., TORONTO A6 M4P 2P7 |
Todd Halpern | director | C/O LOTO INC., 25 ADELAIDE STREET EAST, 502, TORONTO A6 M5C 3A1 |
2238646 Ontario Inc. | 10 percent owner | 23 BEDFORD ROAD, TORONTO A6 M5R 2J9 |
Alan Ralph | director | 48 ROYAL HENLEY BLVD., ST. CATHARINES A6 L2N4S1 |
J Trevor Eyton | director | PO BOX 723040, ATLANTA GA 30339 |
Baker A. Stephen | officer: Chief Technology Officer | 2361 SOUTHCOTT ROAD, PICKERING A6 L1X 2T3 |
Jason Randall Barrs | director | 23 BEDFORD ROAD, TORONTO A6 M5R 2J9 |
Donald Ziraldo | director | 15468 NIAGARA PARKWAY, NIAGARA ON THE LAKE A6 L0S 1J0 |
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