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SK Growth Opportunities (SK Growth Opportunities) Retained Earnings : $-15.34 Mil (As of Mar. 2024)


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What is SK Growth Opportunities Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. SK Growth Opportunities's retained earnings for the quarter that ended in Mar. 2024 was $-15.34 Mil.

SK Growth Opportunities's quarterly retained earnings declined from Sep. 2023 ($-13.22 Mil) to Dec. 2023 ($-13.79 Mil) and declined from Dec. 2023 ($-13.79 Mil) to Mar. 2024 ($-15.34 Mil).

SK Growth Opportunities's annual retained earnings declined from Dec. 2021 ($-0.03 Mil) to Dec. 2022 ($-11.64 Mil) and declined from Dec. 2022 ($-11.64 Mil) to Dec. 2023 ($-13.79 Mil).


SK Growth Opportunities Retained Earnings Historical Data

The historical data trend for SK Growth Opportunities'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.

* Premium members only.

SK Growth Opportunities Retained Earnings Chart

SK Growth Opportunities Annual Data
Trend Dec21 Dec22 Dec23
Retained Earnings
-0.03 -11.64 -13.79

SK Growth Opportunities Quarterly Data
Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial Premium Member Only -11.94 -12.19 -13.22 -13.79 -15.34

SK Growth Opportunities 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.


SK Growth Opportunities  (NAS:SKGR) 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.


SK Growth Opportunities (SK Growth Opportunities) Business Description

Traded in Other Exchanges
N/A
Address
228 Park Avenue S, Suite 96693, New York, NY, USA, 10003
SK Growth Opportunities Corp is a blank check company. The company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
Michael Noonen director C/O 8X8 INC, 2445 MISSION COLLEGE BLVD, SANTA CLARA CA 95054
John A. Boehner director 401 N. MAIN STREET, WINSTON-SALEM NC 27101
Martin J. Payne director 7809 WOODMONT AVENUE, SUITE 200, BETHESDA MD 20814
Richard H. Chin director, officer: Chief Executive Officer C/O SK GROWTH, 3979 FREEDOM CIRCLE, SUITE 540, SANTA CLARA CA 95054
Auxo Capital Managers Llc 10 percent owner 3979 FREEDOM CIRCLE, SUITE 540, SANTA CLARA CA 95054
Derek Edward Jensen director, officer: Chief Financial Officer 3979 FREEDOM CIRCLE, SUITE 450, SANTA CLARA CA 95054