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Elvictor Group (Elvictor Group) Retained Earnings : $-44.79 Mil (As of Mar. 2024)


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What is Elvictor Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Elvictor Group's retained earnings for the quarter that ended in Mar. 2024 was $-44.79 Mil.

Elvictor Group's quarterly retained earnings declined from Sep. 2023 ($-44.83 Mil) to Dec. 2023 ($-44.86 Mil) but then increased from Dec. 2023 ($-44.86 Mil) to Mar. 2024 ($-44.79 Mil).

Elvictor Group's annual retained earnings declined from Dec. 2021 ($-44.40 Mil) to Dec. 2022 ($-44.64 Mil) and declined from Dec. 2022 ($-44.64 Mil) to Dec. 2023 ($-44.86 Mil).


Elvictor Group Retained Earnings Historical Data

The historical data trend for Elvictor Group'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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Elvictor Group Retained Earnings Chart

Elvictor Group Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial -0.20 -1.24 -44.40 -44.64 -44.86

Elvictor Group 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 -44.65 -44.77 -44.83 -44.86 -44.79

Elvictor Group 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.


Elvictor Group  (OTCPK:ELVG) 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.


Elvictor Group (Elvictor Group) Business Description

Traded in Other Exchanges
N/A
Address
Vassileos Constantinou 79, Vari, Athens, GRC, 16672
Elvictor Group Inc is engaged in the business of providing shipping crew management services. It provides crew management, crew manning, and crew training and development services.
Executives
Stavros Galanakis director, 10 percent owner, officer: CHAIRMAN & VICE PRESIDENT 78 PAPAFOTI STR, VARI-VARKIZA J3 16672
Christodoulos Tzoutzakis officer: CHIEF OPERATING OFFICER 24 THEMISTOKLEOUS STR., VOULA ATTIKIS J3 16673
Panagiotis Tolis director, 10 percent owner, officer: CIRO PERICLEOUS 50 STREET, ATHENS J3 15232
Panagiotis Nikolaos Lazaretos 10 percent owner 103M1 MARKOU BOTSARI STR, KIFISSIA, ATTICA J3 14561
Konstantinos Galanakis director, 10 percent owner, officer: CEO 38 MOUTOUSI K STREET, VARI-VARKIZA J3 16672
Eleftherios Kontos 10 percent owner THOUKIDIDOY 15, VOLOS J3 38333

Elvictor Group (Elvictor Group) Headlines

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