SATT (Sativus Tech) Retained Earnings : $-23.48 Mil (As of Sep. 2024)

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What is Sativus Tech Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Sativus Tech's retained earnings for the quarter that ended in Sep. 2024 was $-23.48 Mil.

Sativus Tech's quarterly retained earnings declined from Mar. 2024 ($-22.86 Mil) to Jun. 2024 ($-25.55 Mil) but then increased from Jun. 2024 ($-25.55 Mil) to Sep. 2024 ($-23.48 Mil).

Sativus Tech's annual retained earnings declined from Dec. 2021 ($-21.08 Mil) to Dec. 2022 ($-22.60 Mil) and declined from Dec. 2022 ($-22.60 Mil) to Dec. 2023 ($-22.93 Mil).

Sativus Tech Retained Earnings Historical Data

The historical data trend for Sativus Tech'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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Sativus Tech Retained Earnings Chart

Sativus Tech Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-25.10

-17.46

-21.08

-22.60

-22.93

Sativus Tech Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															-22.70	-22.93	-22.86	-25.55	-23.48

Sativus Tech 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.

Sativus Tech (OTCPK:SATT) 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.

Sativus Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sativus Tech Corp (OTCPK:SATT) » Definitions » Retained Earnings

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Address

No. 3 Bethesda Metro Center, Suite 700, Bethesda, MD, USA, 06880

Website

https://www.saffron-tech.ag

Sativus Tech Corp formerly Seedo Corp is a technology company focusing on producing technology for the agriculture markets for home, commercial and medical use. The company produces automated plant growing devices managed and controlled by an artificial intelligence algorithm, allowing consumers to grow their own herbs and vegetables effortlessly from seed to plant. The company is at a stage of developing and testing a fully automated and remotely managed system for growing high-quality, high-yield saffron anywhere and anytime.

Executives

Gadi Levin	officer: CEO	MOSHAV AZRIEL 108, LEV HASHARON L3 4582500
Cannabics Pharmaceuticals Inc.	10 percent owner	#3 BETHESDA METRO CENTER, SUITE 700, BETHESDA MD 20814
Zohar Levy	director, 10 percent owner	2C YAKINTON ST, KIRYAT BYALIK L3 2725009
Michael Maman	10 percent owner	28 SHOSHANAT HAKARMEL ST, HAIFA L3 3432131
Uri Zeevi	10 percent owner	16B HERZOG ST, GIVATAIM L3 5358619