Angel Oak Financial Stratsome Term (Angel Oak Financial Stratsome Term) Retained Earnings : $-67.67 Mil (As of Jan. 2024)

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What is Angel Oak Financial Stratsome Term Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Angel Oak Financial Stratsome Term's retained earnings for the quarter that ended in Jan. 2024 was $-67.67 Mil.

Angel Oak Financial Stratsome Term's quarterly retained earnings declined from Jan. 2023 ($-57.44 Mil) to Jul. 2023 ($-80.70 Mil) but then increased from Jul. 2023 ($-80.70 Mil) to Jan. 2024 ($-67.67 Mil).

Angel Oak Financial Stratsome Term's annual retained earnings declined from Jan. 2022 ($-1.99 Mil) to Jan. 2023 ($-57.44 Mil) and declined from Jan. 2023 ($-57.44 Mil) to Jan. 2024 ($-67.67 Mil).

Angel Oak Financial Stratsome Term Retained Earnings Historical Data

The historical data trend for Angel Oak Financial Stratsome Term'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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Angel Oak Financial Stratsome Term Retained Earnings Chart

Angel Oak Financial Stratsome Term Annual Data

Trend

Jan20

Jan21

Jan22

Jan23

Jan24

Retained Earnings

7.71

-6.13

-1.99

-57.44

-67.67

Angel Oak Financial Stratsome Term Semi-Annual Data
	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Retained Earnings	Get a 7-Day Free Trial				-1.99	-29.18	-57.44	-80.70	-67.67

Angel Oak Financial Stratsome Term 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.

Angel Oak Financial Stratsome Term (NYSE:FINS) 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.

Angel Oak Financial Stratsome Term (Angel Oak Financial Stratsome Term) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Angel Oak Financial Strats Income Term (NYSE:FINS) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

3344 Peachtree Road NE, Suite 1725, Atlanta, GA, USA, 30326

Website

https://www.angeloakcapital.com

Angel Oak Financial Strats Income Term is a non-diversified, closed-end management investment company. The fund's objective is to seek current income with a secondary objective of total return. In pursuing its investment objective, the fund invests mainly in debt issued by financial institutions, including subordinated debt, unrated debt, senior debt, and high-yield securities.

Executives

Kevin Parks	other: Portfolio Manager Affil. Fund	145 WEST 57TH STREET, 19TH FLOOR, NEW YORK NY 10019
William Eldredge	officer: Chief Compliance Officer	C/O ANGEL OAK CAPITAL ADVISORS, LLC, 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Angel Oak Capital Partners Ii, Llc	other: General Partner of Adviser	3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30309
Kevin Sluss	officer: Secretary	C/O ANGEL OAK CAPITAL ADVISORS, LLC, 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Navid Abghari	other: Portfolio Manager	3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Sun Life Financial Inc	10 percent owner	SUN LIFE ASSURANCE CO OF CANADA, ONE YORK STREET, TORONTO A6 M5J 0B6
Sun Life Assurance Co Of Canada	10 percent owner	ONE YORK STREET, TORONTO A6 M5J 0B6
Massachusetts Mutual Life Insurance Co	10 percent owner	1295 STATE STREET, SPRINGFIELD MA 01111
Michael Fierman	other: Investment Adviser Principal	ANGEL OAK CAPITAL ADVISORS, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Daniel Asher	10 percent owner	111 W JACKSON BLVD, 20TH FL, CHICAGO IL 60604
Angel Oak Capital Advisors, Llc	other: Investment Adviser	ONE BUCKHEAD PLAZA, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305-2240
John R Hsu	officer: Secretary	C/O ANGEL OAK CAPITAL ADVISORS, 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Cheryl Pate	other: Portfolio Manager	3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Sreeniwas Prabhu	director	ANGEL OAK CAPITAL ADVISORS, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Johannes Palsson	other: Portfolio Manager	3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326