Playgon Games (TSXV:DEAL) Retained Earnings : C$-78.20 Mil (As of Dec. 2023)

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What is Playgon Games Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Playgon Games's retained earnings for the quarter that ended in Dec. 2023 was C$-78.20 Mil.

Playgon Games's quarterly retained earnings declined from Jun. 2023 (C$-70.05 Mil) to Sep. 2023 (C$-73.99 Mil) and declined from Sep. 2023 (C$-73.99 Mil) to Dec. 2023 (C$-78.20 Mil).

Playgon Games's annual retained earnings declined from Dec. 2021 (C$-44.87 Mil) to Dec. 2022 (C$-61.69 Mil) and declined from Dec. 2022 (C$-61.69 Mil) to Dec. 2023 (C$-78.20 Mil).

Playgon Games Retained Earnings Historical Data

The historical data trend for Playgon Games'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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Playgon Games Retained Earnings Chart

Playgon Games Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-23.63

-30.02

-44.87

-61.69

-78.20

Playgon Games Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-61.69	-65.68	-70.05	-73.99	-78.20

Playgon Games 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.

Playgon Games (TSXV:DEAL) 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.

Playgon Games (TSXV:DEAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Playgon Games Inc (TSXV:DEAL) » Definitions » Retained Earnings

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PLGNF:USA 7CR:Germany

Address

675 West Hastings Street, Suite 1500, Vancouver, BC, CAN, V6B 1N2

Website

https://www.playgon.com

Playgon Games Inc is a technology company. It focuses on developing and licensing digital content for the growing iGaming market. The company provides a multi-tenant gateway that allows online operators the ability to offer customers iGaming software solutions. Its current software platform includes Live Dealer Casino, E-Table games, and Daily Fantasy Sports. The firm's products are turn-key solutions for online casinos, sportsbook operators, land-based operators, media groups, and database companies.

Executives

Steve Baker

Senior Officer

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