SITO Mobile (SITO Mobile) Retained Earnings : $-203.18 Mil (As of Sep. 2019)

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What is SITO Mobile Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. SITO Mobile's retained earnings for the quarter that ended in Sep. 2019 was $-203.18 Mil.

SITO Mobile's quarterly retained earnings declined from Mar. 2019 ($-177.96 Mil) to Jun. 2019 ($-181.36 Mil) and declined from Jun. 2019 ($-181.36 Mil) to Sep. 2019 ($-203.18 Mil).

SITO Mobile's annual retained earnings declined from Dec. 2016 ($-140.78 Mil) to Dec. 2017 ($-155.82 Mil) and declined from Dec. 2017 ($-155.82 Mil) to Dec. 2018 ($-172.88 Mil).

SITO Mobile Retained Earnings Historical Data

The historical data trend for SITO Mobile'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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SITO Mobile Retained Earnings Chart

SITO Mobile Annual Data

Trend

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Dec16

Dec17

Dec18

Retained Earnings

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-134.41

-138.94

-140.78

-155.82

-172.88

SITO Mobile Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Retained Earnings	Get a 7-Day Free Trial															-171.81	-172.88	-177.96	-181.36	-203.18

SITO Mobile 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.

SITO Mobile (OTCPK:STTO) 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.

SITO Mobile (SITO Mobile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » SITO Mobile Ltd (OTCPK:STTO) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

100 Town Square Place, Suite 204, Jersey City, NJ, USA, 07310

Website

https://www.sitomobile.com

SITO Mobile Ltd operates a mobile location-based advertising platform serving businesses, advertisers, and brands. Business activity of the group is operated SITO Location Based Advertising and SITO Mobile Messaging source. SITO Location Based Advertising displays advertisements and videos on behalf of advertisers including various features, such as geo-fencing, verified walk-in, behavioral targeting, and analytics and optimization; and SITO Mobile Messaging is a platform for building and controlling tailored programs including messaging and customer incentive programs. Its platform and tools are designed to enable large brands or anyone with substantial reach to utilize the mobile device as a new means to communicate.

Executives

Stephen D Baksa	director
Scott L Kauffman	officer: Chief Executive Officer	260 CHURCHILL AVENUE, PALO ALTO CA 94301
Priore Mark Del	other: Former Chief Financial Officer	C/O SITO MOBILE, LTD., 100 TOWN SQUARE PLACE, SUITE 204, JERSEY CITY NJ 07310
Itzhak Fisher	director	767 FIFTH AVE STE 4300, NEW YORK NY 10153
Matthew Stecker	director	711 SOUTH BRYN MAWR AVE., BRYN MAWR PA 19010
Thomas Thekkethala	director	9777 PYRAMID COURT, SUITE 100, ENGLEWOOD CO 80112
Brent David Rosenthal	director	C/O WR HUFF ASSET MANAGEMENT, 67 PARK PLACE, MORRISTOWN NJ 07960
Betsy J Bernard	director	711 HIGH STREET, DES MOINES IA 50392-0300
Lawrence Firestone	officer: Interim CFO	C/O CVD EQUIPMENT CORPORATION, C/O CVD EQUIPMENT CORPORATION, CENTRAL ISLIP NY 11722
Lowell W Robinson	director	470 WEST END AVENUE, NEW YORK NY 10024
Karen Singer	10 percent owner	212 VACCARO DRIVE, CRESSKILL NJ 07626
Philip B Livingston	director	1241 EAST MAIN ST, STAMFORD CT 06902
Stuart Levine	director	3 HUNTINGTON QUADRANGLE, SUITE 200S, MELVILLE NY 11747-8943
James Larry Nelson	director	2747 PARADISE ROAD, PH2804, LAS VEGAS NV 89109