Bitnine Co (XKRX:357880) Retained Earnings : ₩-47,687 Mil (As of Mar. 2024)

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What is Bitnine Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Bitnine Co's retained earnings for the quarter that ended in Mar. 2024 was ₩-47,687 Mil.

Bitnine Co's quarterly retained earnings declined from Sep. 2023 (₩-40,116 Mil) to Dec. 2023 (₩-45,443 Mil) and declined from Dec. 2023 (₩-45,443 Mil) to Mar. 2024 (₩-47,687 Mil).

Bitnine Co's annual retained earnings increased from Dec. 2020 (₩-29,333 Mil) to Dec. 2021 (₩-28,160 Mil) but then declined from Dec. 2021 (₩-28,160 Mil) to Dec. 2022 (₩-28,613 Mil).

Bitnine Co Retained Earnings Historical Data

The historical data trend for Bitnine Co'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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Bitnine Co Retained Earnings Chart

Bitnine Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Retained Earnings

-19,146.64

-29,332.66

-28,160.42

-28,613.08

Bitnine Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial									-29,113.38	-36,152.92	-40,115.57	-45,442.65	-47,686.54

Bitnine Co 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.

Bitnine Co (XKRX:357880) 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.

Bitnine Co (XKRX:357880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bitnine Co Ltd (XKRX:357880) » Definitions » Retained Earnings

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Traded in Other Exchanges

N/A

Address

401 Yangcheon-ro, A 1201 Hangang Xi Tower, Gangseo-gu, Seoul, KOR

Website

https://bitnine.net

Bitnine Co Ltd is a graph technology company that is working in the global market through multi-model database products. Its products include Agence Graph, AG Cloud, Apache AGE, and G-Pass among others.

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