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Genesis Land Development (Genesis Land Development) Retained Earnings : $110.2 Mil (As of Dec. 2023)


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What is Genesis Land Development Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Genesis Land Development's retained earnings for the quarter that ended in Dec. 2023 was $110.2 Mil.

Genesis Land Development's quarterly retained earnings declined from Jun. 2023 ($107.2 Mil) to Sep. 2023 ($106.9 Mil) but then increased from Sep. 2023 ($106.9 Mil) to Dec. 2023 ($110.2 Mil).

Genesis Land Development's annual retained earnings declined from Dec. 2021 ($113.4 Mil) to Dec. 2022 ($103.9 Mil) but then increased from Dec. 2022 ($103.9 Mil) to Dec. 2023 ($110.2 Mil).


Genesis Land Development Retained Earnings Historical Data

The historical data trend for Genesis Land Development'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.

Genesis Land Development Retained Earnings Chart

Genesis Land Development Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 106.68 104.86 113.43 103.93 110.16

Genesis Land Development 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 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 103.93 104.61 107.18 106.85 110.16

Genesis Land Development 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.


Genesis Land Development  (OTCPK:GNLAF) 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.


Genesis Land Development (Genesis Land Development) Business Description

Traded in Other Exchanges
Address
6240, 333 - 96 Avenue NE, Calgary, AB, CAN, T3K 0S3
Genesis Land Development Corp is a Canada-based land developer and home builder. The company is engaged in the acquisition, development, and sale of land, residential lots, and homes mainly in the greater Calgary area. The company has two business segments: Land development and Homebuilding. It earns the majority of its revenue from the home building segment.

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