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LeapCharger (LeapCharger) Retained Earnings : $-85.24 Mil (As of Aug. 2023)


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What is LeapCharger Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. LeapCharger's retained earnings for the quarter that ended in Aug. 2023 was $-85.24 Mil.

LeapCharger's quarterly retained earnings increased from Aug. 2015 ($-0.93 Mil) to Aug. 2022 ($0.00 Mil) but then declined from Aug. 2022 ($0.00 Mil) to Aug. 2023 ($-85.24 Mil).

LeapCharger's annual retained earnings declined from Dec. 2012 ($-0.15 Mil) to Nov. 2013 ($-0.17 Mil) and declined from Nov. 2013 ($-0.17 Mil) to Nov. 2014 ($-0.50 Mil).

LeapCharger Retained Earnings Historical Data

The historical data trend for LeapCharger'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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LeapCharger Retained Earnings Chart

LeapCharger Annual Data
Trend Dec10 Dec11 Dec12 Nov13 Nov14
Retained Earnings
-0.09 -0.13 -0.15 -0.17 -0.50

LeapCharger Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Aug22 Aug23
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 -0.58 -0.92 -0.93 - -85.24

LeapCharger 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.

LeapCharger  (OTCPK:LCCN) 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.

LeapCharger (LeapCharger) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » LeapCharger Corp (OTCPK:LCCN) » Definitions » Retained Earnings
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Traded in Other Exchanges
N/A
Address
Abu Hail, 1st Floor/29, Khalifa B A Balila Building, Dubai, ARE
Website
https://www.greenplex.net
LeapCharger Corp formerly Greenplex Services Inc is doing business with electric vehicle (EV) charging solutions for consumers and businesses.
Executives
Dale Robbins officer: President 2525 E. 29TH AVE., STE 10-B #342, SPOKANE WA 99223
Kurt Boehl director 2525 E. 29TH AVE., STE 10-B #342, SPOKANE WA 99223
Martin Murray director, officer: Treasurer, CFO 425 MADISON AVE, SUITE 902, NEW YORK NY 10017
Manuel Graiwer director 3600 WILSHIRE BLVD, #2100, LOS ANGELES CA 90010
Mark C. Hutchison director, officer: VP of Operations, Secretary 2525 E. 29TH AVE., STE 10-B, SPOKANE WA 99223
Roy Matthew Haskin director 2525 E. 29TH AVE., STE 10-B, SPOKANE WA 99223
Victor T. Foia director, officer: PRESIDENT, CEO 2525 E. 29TH AVE., STE 10-B #342, SPOKANE WA 99223
Bruce Gillis director 710 N. ARDEN DR., BEVERLY HILLS CA 90210
Kyle W. Carlson director, 10 percent owner, officer: Pres, Treas, CEO, CFO 10183 NORTH AERO DRIVE, STE. 2, HAYDEN ID 83835
Andrew Christman director, 10 percent owner, officer: VICE PRESIDENT 10183 NORTH AERO DRIVE, SUITE 2, HAYDEN ID 83835
Susan L. Troyer director, 10 percent owner, officer: TREASURER, SECRETARY, CFO 10183 NORTH AERO DRIVE, SUITE 2, HAYDEN ID 83835