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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Wolf Energy Services's retained earnings for the quarter that ended in Jun. 2023 was $-17.18 Mil.
Wolf Energy Services's quarterly retained earnings declined from Dec. 2022 ($-9.05 Mil) to Mar. 2023 ($-16.03 Mil) and declined from Mar. 2023 ($-16.03 Mil) to Jun. 2023 ($-17.18 Mil).
Wolf Energy Services's annual retained earnings increased from . 20 ($0.00 Mil) to Mar. 2022 ($-2.76 Mil) but then declined from Mar. 2022 ($-2.76 Mil) to Mar. 2023 ($-16.03 Mil).
The historical data trend for Wolf Energy Services'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.
Wolf Energy Services Annual Data | |||||
Trend | Mar22 | Mar23 | |||
Retained Earnings | -2.76 | -16.03 |
Wolf Energy Services Quarterly Data | ||||||||
Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | |
Retained Earnings | Get a 7-Day Free Trial | - | -8.58 | -9.05 | -16.03 | -17.18 |
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.
Wolf Energy Services (OTCPK:WOEN) 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.
Jay M. Puchir | officer: CEO & President of Subsidiary | 3333 PINNACLE HILLS PARKWAY, SUITE 220, ROGERS AR 72758 |
Jimmy Ray Galla | director, officer: CEO and CFO | 408 STATE HWY 135N, KILGORE TX 75662 |
Ecoark Holdings, Inc. | 10 percent owner | 303 PEARL PARKWAY SUITE 200, SAN ANTONIO TX 78215 |
Jimmy Don Reedy | director | 303 PEARL PARKWAY, SUITE 200, SAN ANTONIO TX 78215 |
Raynard Veldman | director | 2011 ROYAL CREST, MANSFIELD TX 76063 |
Adele Dibella | 10 percent owner | 3500 BAYVIEW DRIVE, FT. LAUDERDALE FL 33308 |
John Dibella | director, officer: Chief Executive Officer | 821 NW 57TH PLACE, FORT LAUDERDALE FL 33309 |
Alberto Dibella | director, 10 percent owner, officer: Chief Executive Officer | 3500 BAYVIEW DRIVE, FORT LAUDERDALE FL 33301 |
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