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Technology & Telecommunication Acquisition (Technology & Telecommunication Acquisition) Retained Earnings : $-7.76 Mil (As of Feb. 2024)


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What is Technology & Telecommunication Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Technology & Telecommunication Acquisition's retained earnings for the quarter that ended in Feb. 2024 was $-7.76 Mil.

Technology & Telecommunication Acquisition's quarterly retained earnings declined from Aug. 2023 ($-5.68 Mil) to Nov. 2023 ($-7.14 Mil) and declined from Nov. 2023 ($-7.14 Mil) to Feb. 2024 ($-7.76 Mil).

Technology & Telecommunication Acquisition's annual retained earnings declined from Nov. 2021 ($-0.01 Mil) to Nov. 2022 ($-3.64 Mil) and declined from Nov. 2022 ($-3.64 Mil) to Nov. 2023 ($-7.14 Mil).


Technology & Telecommunication Acquisition Retained Earnings Historical Data

The historical data trend for Technology & Telecommunication Acquisition'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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Technology & Telecommunication Acquisition Retained Earnings Chart

Technology & Telecommunication Acquisition Annual Data
Trend Nov21 Nov22 Nov23
Retained Earnings
-0.01 -3.64 -7.14

Technology & Telecommunication Acquisition Quarterly Data
Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.27 -4.94 -5.68 -7.14 -7.76

Technology & Telecommunication Acquisition 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.


Technology & Telecommunication Acquisition  (NAS:TETE) 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.


Technology & Telecommunication Acquisition (Technology & Telecommunication Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
C3-2-23A, Jalan 1/152, Taman OUG Parklane, Off Jalan Kelang Lama, Kuala Lumpur, MYS, 58200
Website
Technology & Telecommunication Acquisition Corp is a blank check company.
Executives
Shaolin Capital Management Llc 10 percent owner 230 NW 24TH STREET, SUITE 603, MIAMI FL 33127
Chow Wing Loke officer: Chief Financial Officer NO. 6, JALAN KENANGA SD9/5J, BANDAR SRI DAMANSARA, KUALA LUMPUR N8 52200
Virginia Jaqveline Chan director 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Technology & Telecommunication Llc 10 percent owner 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Raghuvir Ramanadhan director 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Kiat Wai Du director 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Tek Che Ng director, 10 percent owner, officer: Chief Executive Officer 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130

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