AutoCanada (AutoCanada) Retained Earnings : $102 Mil (As of Mar. 2024)

View and export this data going back to 2007. Start your Free Trial

What is AutoCanada Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. AutoCanada's retained earnings for the quarter that ended in Mar. 2024 was $102 Mil.

AutoCanada's quarterly retained earnings declined from Sep. 2023 ($118 Mil) to Dec. 2023 ($104 Mil) and declined from Dec. 2023 ($104 Mil) to Mar. 2024 ($102 Mil).

AutoCanada's annual retained earnings increased from Dec. 2021 ($2 Mil) to Dec. 2022 ($66 Mil) and increased from Dec. 2022 ($66 Mil) to Dec. 2023 ($104 Mil).

AutoCanada Retained Earnings Historical Data

The historical data trend for AutoCanada'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.

AutoCanada Retained Earnings Chart

AutoCanada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

Get a 7-Day Free Trial

-119.42

-125.35

2.43

65.81

104.28

AutoCanada 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															71.05	105.21	118.01	104.28	101.57

AutoCanada 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.

AutoCanada (OTCPK:AOCIF) 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.

AutoCanada (AutoCanada) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » AutoCanada Inc (OTCPK:AOCIF) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

ACQ:Canada

Address

15511 123 Avenue NW, Suite 200, Edmonton, AB, CAN, T5V 0C3

Website

https://www.autocan.ca

AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru. The majority of revenue is generated in the new-vehicles sales segment.

AutoCanada (AutoCanada) Headlines

From GuruFocus

AutoCanada Announces Executive Appointments

By PRNewswire PRNewswire • 08-22-2018

AutoCanada commences litigation against Patrick Priestner and Canada One Auto Group

By PRNewswire PRNewswire • 02-06-2019

AutoCanada Acknowledges Receipt of Letter from Clearwater

By PRNewswire PRNewswire • 06-12-2018

AutoCanada Provides Operational Update in Response to COVID-19

By PRNewswire PRNewswire • 03-25-2020

AutoCanada Acquires Illinois Based Grossinger Auto Group

By PRNewswire PRNewswire • 03-22-2018

AutoCanada Appoints Michael Rawluk as President

By PRNewswire PRNewswire • 07-03-2018

AutoCanada Announces Management and Board Changes

By PRNewswire PRNewswire • 08-15-2018

AutoCanada, Patrick Priestner and CanadaOne Auto Group Settle Outstanding Litigation

By PRNewswire • 09-08-2023