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Renewable Innovations (Renewable Innovations) Retained Earnings : $-3.90 Mil (As of Feb. 2023)


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What is Renewable Innovations Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Renewable Innovations's retained earnings for the quarter that ended in Feb. 2023 was $-3.90 Mil.

Renewable Innovations's quarterly retained earnings declined from Aug. 2022 ($-1.21 Mil) to Nov. 2022 ($-3.53 Mil) and declined from Nov. 2022 ($-3.53 Mil) to Feb. 2023 ($-3.90 Mil).

Renewable Innovations's annual retained earnings declined from Nov. 2020 ($-0.59 Mil) to Nov. 2021 ($-1.18 Mil) and declined from Nov. 2021 ($-1.18 Mil) to Nov. 2022 ($-3.53 Mil).


Renewable Innovations Retained Earnings Historical Data

The historical data trend for Renewable Innovations'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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Renewable Innovations Retained Earnings Chart

Renewable Innovations Annual Data
Trend Nov20 Nov21 Nov22
Retained Earnings
-0.59 -1.18 -3.53

Renewable Innovations Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.78 -1.00 -1.21 -3.53 -3.90

Renewable Innovations 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.


Renewable Innovations  (OTCPK:REII) 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.


Renewable Innovations (Renewable Innovations) Business Description

Traded in Other Exchanges
N/A
Address
588 West 400 South, Suite 110, Lindon, UT, USA, 84042
Renewable Innovations Inc is a clean, hydrogen fuel cell energy systems company. It imagines, designs, and builds hydrogen-powered systems to bring green, clean solutions across industries, particularly the EV charging market. It offers Hydrogen Fuel Cell (HFC) scalable backup and primary power systems; Mobile and transportable HFC-powered EV Rapid Charge systems for the Electric Vehicle market to help close the Grid Gap, hydrogen transport and refueling vehicle, and Greenhouse Grids to power communities.
Executives
Lynn Bagley Barney director, 10 percent owner, officer: CFO, Sec, Director 1851 FAIRWAY LANE, DRAPER UT 84020
Robert L. Mount director, 10 percent owner, officer: CEO, Pres, Director 752 N. MERIDIAN DRIVE, SARATOGA SPRINGS UT 84045
William Donald Mcleod director, officer: President 129 COUNTRY PLACE COURT, COLUMBIA SC 29212
Thomas Michael Grbelja officer: Treasurer and Secretary 151 BIRCH ROAD, FRANKLIN LAKES NJ 07417
Alex Aliksanyan director, officer: Chief Executive Officer C/O NEXT 1 INTERACTIVE, INC., 2690 WESTON ROAD, SUITE 200, WESTON FL 33331