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Sustainable Projects Group (Sustainable Projects Group) Retained Earnings : $-4.23 Mil (As of Mar. 2024)


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What is Sustainable Projects Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Sustainable Projects Group's retained earnings for the quarter that ended in Mar. 2024 was $-4.23 Mil.

Sustainable Projects Group's quarterly retained earnings declined from Sep. 2023 ($-2.62 Mil) to Dec. 2023 ($-3.36 Mil) and declined from Dec. 2023 ($-3.36 Mil) to Mar. 2024 ($-4.23 Mil).

Sustainable Projects Group's annual retained earnings increased from Dec. 2021 ($-3.50 Mil) to Dec. 2022 ($-0.22 Mil) but then declined from Dec. 2022 ($-0.22 Mil) to Dec. 2023 ($-3.36 Mil).


Sustainable Projects Group Retained Earnings Historical Data

The historical data trend for Sustainable Projects Group'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.

Sustainable Projects Group Retained Earnings Chart

Sustainable Projects Group Annual Data
Trend May14 May15 May16 May17 May18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.88 -3.10 -3.50 -0.22 -3.36

Sustainable Projects Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -17.79 -18.54 -2.62 -3.36 -4.23

Sustainable Projects Group 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.


Sustainable Projects Group  (OTCPK:SPGX) 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.


Sustainable Projects Group (Sustainable Projects Group) Business Description

Traded in Other Exchanges
N/A
Address
2316 Pine Ridge Road No. 383, Naples, FL, USA, 34109
Sustainable Projects Group Inc is a business development company. It is engaged in project development and holdings through value-based investments and collaborative partnerships with companies across sustainable sectors. The company has three reportable segments: YER Brands, Sustainable Projects Group and Lithium Harvest.
Executives
Mathiesen Sune director, officer: Chairman, President and CEO HELSTED HUSEVEJ 45, RANDERS G7 8920
Kestrel Flight Fund Llc 10 percent owner 149 MEADOWBROOK ROAD, WESTON MA 02493
Paw Juul officer: Chief Technology Officer 2316 PINE RIDGE ROAD #383, NAPLES FL 34109
Paul Meier 10 percent owner STEINLERSTRASSE 18, WANGI V8 9545
Muehlbauer Kurt Manfred Henry other: Shareholder 12851 CARRINGTON CIR, #203, NAPLES FL 34105
Tiffany Anne Muehlbauer officer: Chief Operating Officer 12850 CARRINGTON CIR, #102, NAPLES FL 34105
Stefan Muehlbauer director, officer: Chief Communications Officer 12850 CARRINGTON CIRCLE, #102, NAPLES FL 34105
Christian Winzenried director, officer: CEO / President 2316 PINE RIDGE ROAD, 383, NAPLES FL 34109
Philip Grothe director HAGELSTRASSE 72, DINSLAKEN 2M 46535
Christopher Grunder 10 percent owner 2316 PINE RIDGE ROAD, 383, NAPLES FL 34109
Suha Hachler director, officer: CFO 403 E. COMMERCE STREET, SAN ANTONIO TX 78205