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AGF Management (AGF Management) Retained Earnings : $498.7 Mil (As of Feb. 2024)


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What is AGF Management Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. AGF Management's retained earnings for the quarter that ended in Feb. 2024 was $498.7 Mil.

AGF Management's quarterly retained earnings declined from Aug. 2023 ($476.2 Mil) to Nov. 2023 ($475.0 Mil) but then increased from Nov. 2023 ($475.0 Mil) to Feb. 2024 ($498.7 Mil).

AGF Management's annual retained earnings declined from Nov. 2021 ($447.0 Mil) to Nov. 2022 ($441.4 Mil) but then increased from Nov. 2022 ($441.4 Mil) to Nov. 2023 ($475.0 Mil).


AGF Management Retained Earnings Historical Data

The historical data trend for AGF Management'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.

AGF Management Retained Earnings Chart

AGF Management Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 301.10 418.89 447.04 441.37 474.99

AGF Management Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 449.44 463.71 476.22 474.99 498.74

AGF Management 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.


AGF Management  (OTCPK:AGFMF) 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.


AGF Management (AGF Management) Business Description

Traded in Other Exchanges
Address
81 Bay Street, Suite 3900, CIBC SQUARE, Tower One, Toronto, ON, CAN, M5J 0G1
AGF Management is a Canada-based asset manager with operations and investments in Canada, the United States, the United Kingdom, Ireland, and Asia. At the end of September, the firm had CAD 41.0 billion in total assets under management. Its funds are weighted more heavily toward equities, with close to three fourths of retail AUM being equity-related. That said, the company does use fundamental, quantitative, and alternative strategies to manage its investment funds. AGF Management has a more meaningful portion of its business tied to institutional clients than its peers, with one fourth of its total AUM derived from institutional and subadvised accounts. The company derives 17% of its managed assets from high-net-worth clients.

AGF Management (AGF Management) Headlines

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