Asset Entities (Asset Entities) Retained Earnings : $-6.95 Mil (As of Mar. 2024)

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What is Asset Entities Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Asset Entities's retained earnings for the quarter that ended in Mar. 2024 was $-6.95 Mil.

Asset Entities's quarterly retained earnings declined from Sep. 2023 ($-4.21 Mil) to Dec. 2023 ($-5.56 Mil) and declined from Dec. 2023 ($-5.56 Mil) to Mar. 2024 ($-6.95 Mil).

Asset Entities's annual retained earnings declined from Dec. 2021 ($0.02 Mil) to Dec. 2022 ($-0.63 Mil) and declined from Dec. 2022 ($-0.63 Mil) to Dec. 2023 ($-5.56 Mil).

Asset Entities Retained Earnings Historical Data

The historical data trend for Asset Entities'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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Asset Entities Retained Earnings Chart

Asset Entities Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Retained Earnings

0.02

-0.63

-5.56

Asset Entities Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial							-1.70	-3.02	-4.21	-5.56	-6.95

Asset Entities 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.

Asset Entities (NAS:ASST) 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.

Asset Entities (Asset Entities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Asset Entities Inc (NAS:ASST) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Crescent Court, 7th Floor, Dallas, TX, USA, 75201

Website

https://assetentities.com

Asset Entities Inc is a technology company providing social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It also designs, develops, and manages servers for communities on Discord. Its services consist of Discord investment education and entertainment, social media and marketing, and AE.360.DDM services are based on the effective use of Discord as well as other social media including TikTok, Twitter, Instagram, and YouTube.

Executives

Michael Gaubert	director, 10 percent owner, officer: Executive Chairman	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
James Sheldon Fairbanks	10 percent owner	3612 SUNSET VIEW DRIVE, FORTUNA CA 95540
Kavous Sarkhani	10 percent owner	13470 BLACK HILLS ROAD, SAN DIEGO CA 92129
Elham Nejad	10 percent owner	13470 BLACK HILLS ROAD, SAN DIEGO CA 92129
Jennifer Joan Fairbanks	10 percent owner	3612 SUNSET VIEW DRIVE, FORTUNA CA 95540
Richard Alfred Burton	director	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Scott Kelley Mcdonald	director	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Kd Holdings Group, Llc	10 percent owner	4313 OAK KNOLL DRIVE, PLANO TX 75093
Asset Entities Holdings, Llc	10 percent owner	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Richard Benavides	10 percent owner	5934 WALNUT HILL ROAD, DALLAS TX 75230
Arshia Sarkhani	director, 10 percent owner, officer: CEO and President	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Matthew Krueger	10 percent owner, officer: CFO, Treasurer and Secretary	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Kyle Fairbanks	director, 10 percent owner, officer: Executive Vice-Chairman	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Arman Sarkhani	10 percent owner, officer: Chief Operating Officer	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Jack John A Ii	director	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201