RENN Fund (RENN Fund) Retained Earnings : $-19.40 Mil (As of Dec. 2023)

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What is RENN Fund Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. RENN Fund's retained earnings for the quarter that ended in Dec. 2023 was $-19.40 Mil.

RENN Fund's quarterly retained earnings declined from Dec. 2022 ($-18.42 Mil) to Jun. 2023 ($-18.53 Mil) and declined from Jun. 2023 ($-18.53 Mil) to Dec. 2023 ($-19.40 Mil).

RENN Fund's annual retained earnings declined from Dec. 2021 ($-14.21 Mil) to Dec. 2022 ($-18.42 Mil) and declined from Dec. 2022 ($-18.42 Mil) to Dec. 2023 ($-19.40 Mil).

RENN Fund Retained Earnings Historical Data

The historical data trend for RENN Fund'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.

* Premium members only.

RENN Fund Retained Earnings Chart

RENN Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-19.21

-19.55

-14.21

-18.42

-19.40

RENN Fund Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-14.21	-18.44	-18.42	-18.53	-19.40

RENN Fund 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.

RENN Fund (AMEX:RCG) 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.

RENN Fund (RENN Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RENN Fund Inc (AMEX:RCG) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

470 Park Avenue South, New York, NY, USA, 10016

Website

http://www.rencapital.com

RENN Fund Inc is active in the financial services domain. It is a closed-end management investment company formed with the objective of providing long-term capital appreciation by investing substantially in privately placed convertible and equity securities of emerging growth companies traded on the United States securities exchanges. It invests in various industries, including communication services, surgical and medical instruments and apparatus, telecommunications, crude petroleum, and natural gas and medical chemicals, and botanical products.

Executives

Murray Stahl	director, officer: President and CEO	C/O HORIZON KINETICS LLC, 470 PARK AVE S 8TH FL S, NEW YORK NY 10016
Grimaldi Russell	officer: Secretary	C/O HORIZON KINETICS LLC, 470 PARK AVE S, 8TH FL S, NEW YORK NY 10016
Jay H Kesslen	officer: President and CEO	C/O HORIZON KINETICS LLC, 470 PARK AVE S, 8TH FL S, NEW YORK NY 10016
Alun Williams	officer: Treasurer	C/O HORIZON KINETICS LLC, 470 PARK AVE S, 8TH FL S, NEW YORK NY 10016
Doug Cohen	director	HORIZON KINETICS, LLC, 470 PARK AVE S, 4TH FL S, NEW YORK NY 10016
Alice C Brennan	director	C/O RENN FUND, INC., 470 PARK AVE S 8TH FL S, NEW YORK NY 10016
Steven Bregman	other: Co-Portfolio Manager	HORIZON KINETICS LLC, 470 PARK AVENUE SOUTH, 4TH FLOOR SOUTH, NEW YORK NY 10016
Peter Doyle	other: Co-Portfolio Manager	470 PARK AVENUE SOUTH, 8TH FLOOR, NEW YORK NY 10016
Eric Sites	director	C/O RENN FUND, INC., 470 PARK AVE S 8TH FL S, NEW YORK NY 10016
Herbert M Chain	director	C/O RENN FUND, INC., 470 PARK AVE S 8TH FL S, NEW YORK NY 10016
J Philip Mccormick	director
Pierce Charles C Jr	director	C/O RENAISSANCE CAPITAL GROUP INC, 8080 N. CENTRAL EXPRESSWAY #210 LB-59, DALLAS TX 75206
Renn Capital Group, Inc.	10 percent owner	8080 N. CENTRAL EXPRESSWAY, SUITE 210, LB-59, DALLAS TX 75204
Barbara Butschek	officer: Secretary and Treasurer
Zed Eric Stephens	officer: Vice President	RENN CAPITAL GROUP, INC., 8080 N. CENTRAL EXPRESSWAY, SUITE 210, DALLAS TX 75206

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