SATO Technologies (TSXV:SATO) Retained Earnings : C$-11.48 Mil (As of Dec. 2023)

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What is SATO Technologies Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. SATO Technologies's retained earnings for the quarter that ended in Dec. 2023 was C$-11.48 Mil.

SATO Technologies's quarterly retained earnings declined from Jun. 2023 (C$-11.65 Mil) to Sep. 2023 (C$-12.43 Mil) but then increased from Sep. 2023 (C$-12.43 Mil) to Dec. 2023 (C$-11.48 Mil).

SATO Technologies's annual retained earnings declined from Apr. 2021 (C$-0.73 Mil) to Dec. 2022 (C$-12.25 Mil) but then increased from Dec. 2022 (C$-12.25 Mil) to Dec. 2023 (C$-11.48 Mil).

SATO Technologies Retained Earnings Historical Data

The historical data trend for SATO Technologies'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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SATO Technologies Retained Earnings Chart

SATO Technologies Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Dec22

Dec23

Retained Earnings

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-0.67

-0.70

-0.73

-12.25

-11.48

SATO Technologies Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-12.25	-11.74	-11.65	-12.43	-11.48

SATO Technologies 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.

SATO Technologies (TSXV:SATO) 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.

SATO Technologies (TSXV:SATO) Business Description

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CCPUF:USA

Address

66 Wellington Street West, Suite 5300, Toronto, ON, CAN, M5K 1E6

Website

https://www.bysato.com

SATO Technologies Corp is engaged in the business of utilizing specialized equipment to solve complex computational problems to validate transactions on the Bitcoin blockchain and others. The Group receives digital assets in return for successful service and is primarily engaged in the cryptocurrency mining industry.