Moveix (Moveix) Retained Earnings : $-0.46 Mil (As of Mar. 2024)

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What is Moveix Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Moveix's retained earnings for the quarter that ended in Mar. 2024 was $-0.46 Mil.

Moveix's quarterly retained earnings declined from Sep. 2023 ($-0.41 Mil) to Dec. 2023 ($-0.42 Mil) and declined from Dec. 2023 ($-0.42 Mil) to Mar. 2024 ($-0.46 Mil).

Moveix's annual retained earnings declined from May. 2021 ($-0.05 Mil) to Dec. 2022 ($-0.37 Mil) and declined from Dec. 2022 ($-0.37 Mil) to Dec. 2023 ($-0.42 Mil).

Moveix Retained Earnings Historical Data

The historical data trend for Moveix'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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Moveix Retained Earnings Chart

Moveix Annual Data

Trend

May16

May17

May18

May20

May21

Dec22

Dec23

Retained Earnings

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-0.05

-0.04

-0.05

-0.37

-0.42

Moveix Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May20	Aug20	May21	Aug21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial															-0.40	-0.40	-0.41	-0.42	-0.46

Moveix 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.

Moveix (OTCPK:MVXM) 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.

Moveix (Moveix) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Moveix Inc (OTCPK:MVXM) » Definitions » Retained Earnings

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Address

4800 N. Scottsdale Road, Suite 550, Scottsdale, AZ, USA, 85251

Website

Moveix Inc which is in startup stage will engage to buy electric transportation products wholesale from Chinese manufacturers and sell these products via their website. The company products include electric bikes, scooters, segway, and hoverboards.

Moveix (Moveix) Headlines

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