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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Cang Bao Tian Xia International Art Trade Center's retained earnings for the quarter that ended in Dec. 2021 was $-41.86 Mil.
Cang Bao Tian Xia International Art Trade Center's quarterly retained earnings declined from Jun. 2021 ($-33.50 Mil) to Sep. 2021 ($-38.26 Mil) and declined from Sep. 2021 ($-38.26 Mil) to Dec. 2021 ($-41.86 Mil).
Cang Bao Tian Xia International Art Trade Center's annual retained earnings declined from Jun. 2019 ($-20.58 Mil) to Jun. 2020 ($-25.05 Mil) and declined from Jun. 2020 ($-25.05 Mil) to Jun. 2021 ($-33.50 Mil).
The historical data trend for Cang Bao Tian Xia International Art Trade Center'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.
Cang Bao Tian Xia International Art Trade Center Annual Data | |||||||||||||||||||||
Trend | Dec05 | Dec06 | Jun07 | Jun08 | Jun09 | Jun10 | Jun18 | Jun19 | Jun20 | Jun21 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | -7.24 | -20.53 | -20.58 | -25.05 | -33.50 |
Cang Bao Tian Xia International Art Trade Center Quarterly Data | ||||||||||||||||||||
Mar11 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | |
Retained Earnings | Get a 7-Day Free Trial | -28.66 | -33.50 | -38.26 | -41.86 | - |
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.
Cang Bao Tian Xia International Art Trade Center (OTCPK:TXCB) 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.
Wei Wang | 10 percent owner | NO. 14, LANE 1, DONGXIAO CITY, CHONGWEN DISTRICT, BEIJING F4 0000000 |
Liang Tan | director | NO. 88 LANE 7171 SHENGIANG RD., PUDONG NEW DISTRICT, SHANGHAI F4 00000 |
Yaqin Fu | 10 percent owner | NO. 88 LANE 7171 SHENGIANG RD., PUDONG NEW DISTRICT, SHANGHAI F4 00000 |
Xingtao Zhou | director, 10 percent owner, officer: CEO and CFO | 5-1-1206 HEFENG JIANGAN, NIANQUING ROAD MEILAN DISTRICT, HAIKOU, HAINAN PROVINCE F4 00000 |
Ruihua International Ltd | 10 percent owner | PO BOX 83, DES PLAINES IL 60016 |
Jayhawk Capital Management Llc | other: 13(d) group owning > 10% | 13021 W 74TH ST, SHAWNEE KS 66216 |
Jayhawk Private Equity Gp, L.p. | other: 13(d) group owning > 10% | 5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205 |
Jayhawk Private Equity Co Invest Fund Lp | other: 13(d) group owning > 10% | 5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205 |
Jayhawk Private Equity Fund L P | other: 13(d) group owning > 10% | 5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205 |
Kent C Mccarthy | 10 percent owner, other: 13(d) group owning > 10% | 930 TAHOE BLVD., 802-281, INCLINE VILLAGE NV 89451 |
Pinnacle China Fund, L.p. | 10 percent owner | 4965 PRESTON PARK BLVD., SUITE 240, PLANO TX 75093 |
Philip Widmann | officer: Senior Vice President | C/O USUNCO, 10510 HILLSBORO ROAD, SANTA ANA CA 92705 |
Jason Lu | director, officer: Chief Executive Officer | C/O USUNCO, 10510 HILLSBORO ROAD, SANTA ANA CA 92705 |
Ming He | officer: Chief Financial Officer | NO. 106 ZHONGHUAN SOUTH ROAD, AIRPORT INDUSTRIAL PARK, TIANJIN F4 300308 |
Haining Liu | director | C/O USUNCO, 10510 HILLSBORO ROAD, SANTA ANA CA 92705 |
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