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Interfield Global Software (NEOE:IFSS) Retained Earnings : C$-31.85 Mil (As of Sep. 2023)


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What is Interfield Global Software Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Interfield Global Software's retained earnings for the quarter that ended in Sep. 2023 was C$-31.85 Mil.

Interfield Global Software's quarterly retained earnings declined from Mar. 2023 (C$-29.81 Mil) to Jun. 2023 (C$-30.21 Mil) and declined from Jun. 2023 (C$-30.21 Mil) to Sep. 2023 (C$-31.85 Mil).

Interfield Global Software's annual retained earnings increased from Dec. 2020 (C$-7.09 Mil) to Dec. 2021 (C$-4.18 Mil) but then declined from Dec. 2021 (C$-4.18 Mil) to Dec. 2022 (C$-4.30 Mil).


Interfield Global Software Retained Earnings Historical Data

The historical data trend for Interfield Global Software'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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Interfield Global Software Retained Earnings Chart

Interfield Global Software Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Retained Earnings
-5.69 -6.30 -7.09 -4.18 -4.30

Interfield Global Software Quarterly Data
Dec18 Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -9.14 -4.30 -29.81 -30.21 -31.85

Interfield Global Software 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.


Interfield Global Software  (NEOE:IFSS) 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.


Interfield Global Software (NEOE:IFSS) Business Description

Traded in Other Exchanges
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Address
The Yes Business Centre, Office 910, PO Box 78020, Al Barsha 1 Dubai, Dubai, ARE
Interfield Global Software Inc is a software company that services numerous industrial segments including oil and gas, mining, and renewables. It has two operating divisions, E-commerce and Software as a Service. The E-commerce division is an industrial equipment marketplace that connects buyers and suppliers around the globe. ToolSuite, the company's flagship product of its Software as a Service division, is a cloud-based data collection and management platform that digitizes industrial processes and provides real-time auditable data for clients.

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