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Lakeshore Acquisition II (Lakeshore Acquisition II) Retained Earnings : $-3.74 Mil (As of Sep. 2023)


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What is Lakeshore Acquisition II Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Lakeshore Acquisition II's retained earnings for the quarter that ended in Sep. 2023 was $-3.74 Mil.

Lakeshore Acquisition II's quarterly retained earnings declined from Mar. 2023 ($-3.08 Mil) to Jun. 2023 ($-3.40 Mil) and declined from Jun. 2023 ($-3.40 Mil) to Sep. 2023 ($-3.74 Mil).

Lakeshore Acquisition II's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2021 ($-0.09 Mil) but then declined from Dec. 2021 ($-0.09 Mil) to Dec. 2022 ($-2.69 Mil).


Lakeshore Acquisition II Retained Earnings Historical Data

The historical data trend for Lakeshore Acquisition II'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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Lakeshore Acquisition II Retained Earnings Chart

Lakeshore Acquisition II Annual Data
Trend Dec21 Dec22
Retained Earnings
-0.09 -2.69

Lakeshore Acquisition II Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.38 -2.69 -3.08 -3.40 -3.74

Lakeshore Acquisition II 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.


Lakeshore Acquisition II  (NAS:LBBB) 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.


Lakeshore Acquisition II (Lakeshore Acquisition II) Business Description

Traded in Other Exchanges
N/A
Address
667 Madison Avenue, New York, NY, USA, 10065
Website
Lakeshore Acquisition II Corp is a newly organized blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Executives
H. David Sherman director 38 HOMEWOOD ROAD, NEWTON MA 02468
Jon M. Montgomery director C/O NUVVE HOLDING CORP., 2468 HISTORIC DECATUR ROAD, SAN DIEGO CA 92106
Deyin Chen director, 10 percent owner, officer: CEO and CFO 300 JINXIU ROAD, SHANGHAI F4 200135
Redone Investment Ltd 10 percent owner SUITE A-2F, 555 SHIHUI ROAD, SONGJIANG DISTRICT, SHANGHAI F4 2001100
Mingyu Li director 555 SHIHUI ROAD, SONGJIANG DISTRICT, SHANGHAI F4 201100