Fenix Entertainment SpA (MIL:FNX) Retained Earnings : €-7.04 Mil (As of Jun. 2023)

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What is Fenix Entertainment SpA Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Fenix Entertainment SpA's retained earnings for the quarter that ended in Jun. 2023 was €-7.04 Mil.

Fenix Entertainment SpA's quarterly retained earnings declined from Jun. 2022 (€3.53 Mil) to Dec. 2022 (€-4.53 Mil) and declined from Dec. 2022 (€-4.53 Mil) to Jun. 2023 (€-7.04 Mil).

Fenix Entertainment SpA's annual retained earnings increased from Dec. 2020 (€3.41 Mil) to Dec. 2021 (€3.93 Mil) but then declined from Dec. 2021 (€3.93 Mil) to Dec. 2022 (€-4.53 Mil).

Fenix Entertainment SpA Retained Earnings Historical Data

The historical data trend for Fenix Entertainment SpA'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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Fenix Entertainment SpA Retained Earnings Chart

Fenix Entertainment SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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1.29

3.41

3.93

-4.53

Fenix Entertainment SpA Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial					3.93	3.53	-4.53	-7.04	-

Fenix Entertainment SpA 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.

Fenix Entertainment SpA (MIL:FNX) 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.

Fenix Entertainment SpA (MIL:FNX) Business Description

Industry

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Address

Sede legale Viale Giuseppe Mazzini, Rome, ITA, 134 - 00195

Website

https://www.fenixent.com

Fenix Entertainment SpA is engaged in exploitation of the distribution rights of the films acquired; production and co-production of films and soundtracks for the Italian market and distribution of the same; production and co-production of sound recordings, and their distribution; search for talented people in the film and sound sector with sponsorship e-participation in national and international events and marketing and communication.