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Twelve Seas Investment Co II (Twelve Seas Investment Co II) Retained Earnings : $-2.55 Mil (As of Sep. 2023)


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What is Twelve Seas Investment Co II Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Twelve Seas Investment Co II's retained earnings for the quarter that ended in Sep. 2023 was $-2.55 Mil.

Twelve Seas Investment Co II's quarterly retained earnings declined from Mar. 2023 ($-1.54 Mil) to Jun. 2023 ($-2.20 Mil) and declined from Jun. 2023 ($-2.20 Mil) to Sep. 2023 ($-2.55 Mil).

Twelve Seas Investment Co II's annual retained earnings declined from Dec. 2020 ($-0.00 Mil) to Dec. 2021 ($-5.46 Mil) but then increased from Dec. 2021 ($-5.46 Mil) to Dec. 2022 ($-0.46 Mil).


Twelve Seas Investment Co II Retained Earnings Historical Data

The historical data trend for Twelve Seas Investment Co II'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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Twelve Seas Investment Co II Retained Earnings Chart

Twelve Seas Investment Co II Annual Data
Trend Dec20 Dec21 Dec22
Retained Earnings
- -5.46 -0.46

Twelve Seas Investment Co II Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.68 -0.46 -1.54 -2.20 -2.55

Twelve Seas Investment Co II 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.


Twelve Seas Investment Co II  (NAS:TWLV) 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.


Twelve Seas Investment Co II (Twelve Seas Investment Co II) Business Description

Traded in Other Exchanges
Address
228 Park Avenue South, Suite 89898, New York, NY, USA, 10003-1502
Website
Twelve Seas Investment Co II is a blank check company.
Executives
Robert Foresman director C/O GLOBAL CONSUMER ACQUISITION CORP, 1370 AVENUE OF THE AMERICAS, 28TH FLOOR, NEW YORK NY 10019
Jonathan D Morris director, 10 percent owner, officer: Chief Financial Officer C/O IMAGEWARE SYSTEMS, INC., 13500 EVENING CREEK DRIVE N SUITE 550, SAN DIEGO CA 92128
Neil Richardson director 21 GROSVENOR PLACE, LONDON X0 SW1X 7HF
Dimitri Elkin director, 10 percent owner, officer: Chief Executive Officer 25/28 BURLINGTON STREET, LONDON X0 W1S 3AN
Twelve Seas Sponsor Ii Llc 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Anthony Steains director 2685 NOTTINGHAM AVENUE, LOS ANGELES CA 90027