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Yong Bai Chao New Retail (Yong Bai Chao New Retail) Retained Earnings : $-3.69 Mil (As of Mar. 2024)


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What is Yong Bai Chao New Retail Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Yong Bai Chao New Retail's retained earnings for the quarter that ended in Mar. 2024 was $-3.69 Mil.

Yong Bai Chao New Retail's quarterly retained earnings declined from Sep. 2023 ($-3.67 Mil) to Dec. 2023 ($-3.68 Mil) and declined from Dec. 2023 ($-3.68 Mil) to Mar. 2024 ($-3.69 Mil).

Yong Bai Chao New Retail's annual retained earnings declined from Dec. 2021 ($-3.52 Mil) to Dec. 2022 ($-3.61 Mil) and declined from Dec. 2022 ($-3.61 Mil) to Dec. 2023 ($-3.68 Mil).


Yong Bai Chao New Retail Retained Earnings Historical Data

The historical data trend for Yong Bai Chao New Retail'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.

* Premium members only.

Yong Bai Chao New Retail Retained Earnings Chart

Yong Bai Chao New Retail Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.06 -2.77 -3.52 -3.61 -3.68

Yong Bai Chao New Retail Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.64 -3.66 -3.67 -3.68 -3.69

Yong Bai Chao New Retail 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.


Yong Bai Chao New Retail  (OTCPK:YBCN) 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.


Yong Bai Chao New Retail (Yong Bai Chao New Retail) Business Description

Traded in Other Exchanges
N/A
Address
No. 39 Hulan West Road, 3209, South Building, Building 3, Boashan District, Shanghai, CHN
Yong Bai Chao New Retail Corp, formerly Environmental Control Corp is a shell company.
Executives
Fei Wang director, 10 percent owner, officer: CEO, CFO and Secretary 3209, SOUTH BUILDING, BUILDING 3, NO. 39 HULAN WEST ROAD, BAOSHAN DISTRICT, SHANGHAI F4 00000
Michael J Mugford director 15365 BROOKSIDE AVENUE, WEST VANCOUVER A1 V7W 1N2
Stephen Norris other: Manager, Business Development 203 - 1265 W. 11TH AVENUE, VANCOUVER A1 V6H 1K8
Environmental Control Corp. 10 percent owner 85 KENMOUNT ROAD, ST. JOHN?S A4 A1B 3N7
Nils Rodeblad director 13 CEDARHURST PLACE, ST. JOHN'S A4 AIG 1T8
Gary Bishop director, officer: Chief Financial Officer 5 LAMANCH PLACE, ST. JOHN'S A4 AIE 4P6
Albert E Hickman director, officer: President, CEO and Chairman 85 RENNIE'S MILL ROAD, ST. JOHN'S A4 A1C 3P9
Alexei Jirniaguine director, 10 percent owner 1049 EUPHRATES CRESENT, PORT COQUITLAM A1 V3B 8B6
Andrei Krioukov director, 10 percent owner 702-33 WATER STREET, VANCOUVER A1 V6B 1A1

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