Freeze Tag (Freeze Tag) Retained Earnings : $-9.80 Mil (As of Mar. 2024)

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What is Freeze Tag Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Freeze Tag's retained earnings for the quarter that ended in Mar. 2024 was $-9.80 Mil.

Freeze Tag's quarterly retained earnings declined from Sep. 2023 ($-9.45 Mil) to Dec. 2023 ($-9.58 Mil) and declined from Dec. 2023 ($-9.58 Mil) to Mar. 2024 ($-9.80 Mil).

Freeze Tag's annual retained earnings increased from Dec. 2021 ($-9.57 Mil) to Dec. 2022 ($-9.37 Mil) but then declined from Dec. 2022 ($-9.37 Mil) to Dec. 2023 ($-9.58 Mil).

Freeze Tag Retained Earnings Historical Data

The historical data trend for Freeze Tag'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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Freeze Tag Retained Earnings Chart

Freeze Tag Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-9.60

-9.87

-9.57

-9.37

-9.58

Freeze Tag 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															-9.42	-9.40	-9.45	-9.58	-9.80

Freeze Tag 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.

Freeze Tag (OTCPK:FRZT) 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.

Freeze Tag (Freeze Tag) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Freeze Tag Inc (OTCPK:FRZT) » Definitions » Retained Earnings

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Address

360 E 1st Street, Suite 450, Tustin, CA, USA, 92780

Website

https://www.freezetag.com

Freeze Tag Inc creates mobile social games for all ages. The company's games can be downloaded for free by the players and also can purchase virtual items and additional features. Its games are sold through digital storefronts, such as Apple's App Store, the Google Play Store, and Amazon's App Store. Its games portfolio consists of Garfield Go, Alpha Bunny, Black Forest: Hidden Object Mystery, Clouds, Jelly Drop, Party Animals: Dance Battle, Winter Words: Christmas Cookies, and others.

Executives

Vardeman Robert Don Jr	director, 10 percent owner, officer: President	1720 BRAY CENTRAL DR., MCKINNEY TX 75069
Craig Holland	director, 10 percent owner, officer: President and CEO	228 W. MAIN STREET, 2ND FLOOR, TUSTIN CA 92780
Mick Donahoo	director, 10 percent owner, officer: Secretary and CFO	228 W. MAIN STREET, 2ND FLOOR, TUSTIN CA 92780