TORtec Group (TORtec Group) Retained Earnings : $-7.07 Mil (As of Dec. 2022)

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What is TORtec Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. TORtec Group's retained earnings for the quarter that ended in Dec. 2022 was $-7.07 Mil.

TORtec Group's quarterly retained earnings declined from Jun. 2022 ($-7.04 Mil) to Sep. 2022 ($-7.07 Mil) and declined from Sep. 2022 ($-7.07 Mil) to Dec. 2022 ($-7.07 Mil).

TORtec Group's annual retained earnings declined from Mar. 2020 ($-6.62 Mil) to Mar. 2021 ($-6.99 Mil) and declined from Mar. 2021 ($-6.99 Mil) to Mar. 2022 ($-7.04 Mil).

TORtec Group Retained Earnings Historical Data

The historical data trend for TORtec Group'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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TORtec Group Retained Earnings Chart

TORtec Group Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Retained Earnings

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-5.63

-5.83

-6.62

-6.99

-7.04

TORtec Group Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Retained Earnings	Get a 7-Day Free Trial															-7.04	-7.04	-7.04	-7.07	-7.07

TORtec Group 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.

TORtec Group (OTCPK:TRTK) 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.

TORtec Group (TORtec Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » TORtec Group Corp (OTCPK:TRTK) » Definitions » Retained Earnings

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Traded in Other Exchanges

N/A

Address

30 North Gould Street, Suite 2489, Sheridan, WY, USA, 82801

Website

https://www.tortec.group

TORtec Group Corp has no operations.

Executives

Sorensen Asael T. Jr.	director	708 CHERAPPLE CIRCLE, OREM UT 84097
Stephen H Smoot	director, officer: President and CEO	6250 PARTRIDGE WAY, AMMON ID 83406
Merdan Atayev	officer: Vice President	AFZA OFFICE NO SM NO F1-222C, DUBAI C0 00000
Mayrbek Artsuev	10 percent owner	OSENNIY BOULEVARD 5, BUILDING 3, AP.882, MOSCOW 1Z 121609
Franc Smidt	director, 10 percent owner, officer: Chairman of the Board	PAPUR 25, B. 33, BISTRITSA/MALINOVA DOLI, SOFIA E0 1756
Alex Schmidt	director, 10 percent owner, officer: Vice President	FLAT 108, LEONIDOU 10, LIVADIA (LARNACA) G4 7060
Biologos Gmbh Tor	10 percent owner	ROTHAUSSTRASSE 61, MUTTENZ V8 4132
Irina Kochetkova	director, officer: Secretary and Treasurer	NIKOLAEVA STR. 4, FL. 13, NIKOLAEVA 1Z 123100
Maksim Goncharenko	director, 10 percent owner	AVIATCIONNAYA STREET 79-29, MOSCOW 1Z 123182
Center Gmbh Mtm	10 percent owner	FERINGASTRASSE 6, UNTERFOHRING, MUNICH 2M 85774
William C Lachmar	director, officer: President and Treasurer	13342 BOW PLACE, SANTA ANA CA 92705
Jeffrey R Brimhall	officer: Secretary	470 WINTERTHUR WAY, HIGHLANDS RANCH CO 80129

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