SONG (Music Licensing) Retained Earnings: $-17.5 Mil (As of Jun. 2024)

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What is Music Licensing Retained Earnings?

Music Licensing SONG -33.33% Retained Earnings is $-17.5 Mil as of Jun. 2024.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Music Licensing's retained earnings for the quarter that ended in Jun. 2024 was $-17.5 Mil.

Music Licensing's quarterly retained earnings declined from Dec. 2023 ($31.7 Mil) to Mar. 2024 ($7.7 Mil) and declined from Mar. 2024 ($7.7 Mil) to Jun. 2024 ($-17.5 Mil).

Music Licensing's annual retained earnings declined from Dec. 2021 ($-0.2 Mil) to Dec. 2022 ($-14.4 Mil) but then increased from Dec. 2022 ($-14.4 Mil) to Dec. 2023 ($31.7 Mil).

Music Licensing  (OTCPK:SONG) 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.

Music Licensing Retained Earnings Historical Data

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The historical data trend for Music Licensing'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.

Music Licensing Retained Earnings Chart

Music Licensing Annual Data
Trend Dec21 Dec22 Dec23
Retained Earnings
-0.24 -14.35 31.68

Music Licensing Quarterly Data
Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Retained Earnings Get a 7-Day Free Trial 45.16 39.72 31.68 7.66 -17.48

Music Licensing 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.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of $-17.5 Mil mean?
Music Licensing (SONG) has a Retained Earnings of $-17.5 Mil as of Jun. 2024. Retained earnings is the amount of net income not issued to shareholders. View historical data on Music Licensing and its competitors.
Is Music Licensing's Retained Earnings too high?
Music Licensing's current Retained Earnings is $-17.5 Mil.
How does Music Licensing's Retained Earnings compare to NFLX and DIS?
Music Licensing's Retained Earnings of $-17.5 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Media - Diversified company?
A good Retained Earnings depends on the Media - Diversified industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Music Licensing and its competitors. Music Licensing's current Retained Earnings is $-17.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Music Licensing stock overvalued right now?
Music Licensing (SONG) has a current Retained Earnings of $-17.5 Mil. The current Retained Earnings is $-17.5 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Music Licensing (SONG), the current Retained Earnings is $-17.5 Mil as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Music Licensing Business Description

Address 382 NE 191st Street, Miami, FL, USA, 33179
Music Licensing Inc is an operator of a public performance rights organization. The group is a music performing rights organization that represents songwriters, composers, and music publishers and issues public performance licenses to businesses. Its customers include television and radio stations, internet/streaming services, and mobile technologies, Satellite audio services like XM and Sirius, nightclubs, restaurants, bars, and other venues. The group generates revenue from monthly or annual license fees. The company licenses music to some of the prominent platforms and businesses, including TikTok, iHeartMedia, Triller, Napster, 7Digital, Vevo, & many others.