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Orbit Technologies (XTAE:ORBI) Retained Earnings : ₪103.8 Mil (As of Jun. 2023)


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What is Orbit Technologies Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Orbit Technologies's retained earnings for the quarter that ended in Jun. 2023 was ₪103.8 Mil.

Orbit Technologies's quarterly retained earnings increased from Dec. 2022 (₪87.9 Mil) to Mar. 2023 (₪94.4 Mil) and increased from Mar. 2023 (₪94.4 Mil) to Jun. 2023 (₪103.8 Mil).

Orbit Technologies's annual retained earnings increased from Dec. 2020 (₪0.0 Mil) to Dec. 2021 (₪51.5 Mil) and increased from Dec. 2021 (₪51.5 Mil) to Dec. 2022 (₪87.9 Mil).


Orbit Technologies Retained Earnings Historical Data

The historical data trend for Orbit Technologies'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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Orbit Technologies Retained Earnings Chart

Orbit Technologies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Retained Earnings
Get a 7-Day Free Trial -1.61 6.80 - 51.53 87.94

Orbit Technologies Quarterly Data
Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - 87.94 94.41 103.75

Orbit Technologies 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.


Orbit Technologies  (XTAE:ORBI) 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.


Orbit Technologies (XTAE:ORBI) Business Description

Traded in Other Exchanges
N/A
Address
8D Hatzoran Street, PO Box 8657, Netanya, ISR, 4250608
Orbit Technologies Ltd is an Israel based company engages in the provision of Satellite Communications Systems, Tracking and Telemetry Systems and Communication Management Systems for Airborne, Marine, and Ground vessels, in both Commercial and Military applications. Its activities are divided into below the main business lines. The Mobile Satcom business line offers marine, air, train, and land mobile satcom systems that are used for television reception and for data applications such as Internet and video. Its Tracking business line provides full solutions for tracking low orbiting satellites, aircraft, UAVs, and missiles.

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