Nano Labs (Nano Labs) Retained Earnings : $-63.31 Mil (As of Dec. 2023)

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What is Nano Labs Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Nano Labs's retained earnings for the quarter that ended in Dec. 2023 was $-63.31 Mil.

Nano Labs's quarterly retained earnings declined from Dec. 2022 ($-28.57 Mil) to Jun. 2023 ($-46.57 Mil) and declined from Jun. 2023 ($-46.57 Mil) to Dec. 2023 ($-63.31 Mil).

Nano Labs's annual retained earnings increased from Dec. 2021 ($-35.12 Mil) to Dec. 2022 ($-28.57 Mil) but then declined from Dec. 2022 ($-28.57 Mil) to Dec. 2023 ($-63.31 Mil).

Nano Labs Retained Earnings Historical Data

The historical data trend for Nano Labs'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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Nano Labs Retained Earnings Chart

Nano Labs Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Retained Earnings

-7.45

-35.12

-28.57

-63.31

Nano Labs Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial				-16.77	-8.51	-28.57	-46.57	-63.31

Nano Labs 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.

Nano Labs (NAS:NA) 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.

Nano Labs (Nano Labs) Business Description

Industry

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Address

No. 29, East Jiefang Road, 30th Floor, Dikaiyinzuo, Zhejiang, Hangzhou, CHN

Website

https://www.nano.cn

Nano Labs Ltd operates as a fabless IC design company and product solution provider in China. It engages in the development of HTC chips, HPC chips, distributed computing and storage solutions, smart-NICs, vision computing chips, and distributed rendering. Its products comprise Cuckoo 1.0 Chip, Cuckoo 2.0 Chip, and Darkbird 1.0 Chip. Majority of the company revenue comes from China.