Ecolomondo (Ecolomondo) Retained Earnings : $-19.93 Mil (As of Dec. 2023)

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What is Ecolomondo Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Ecolomondo's retained earnings for the quarter that ended in Dec. 2023 was $-19.93 Mil.

Ecolomondo's quarterly retained earnings declined from Jun. 2023 ($-17.03 Mil) to Sep. 2023 ($-17.07 Mil) and declined from Sep. 2023 ($-17.07 Mil) to Dec. 2023 ($-19.93 Mil).

Ecolomondo's annual retained earnings increased from Dec. 2021 ($-16.39 Mil) to Dec. 2022 ($-16.21 Mil) but then declined from Dec. 2022 ($-16.21 Mil) to Dec. 2023 ($-19.93 Mil).

Ecolomondo Retained Earnings Historical Data

The historical data trend for Ecolomondo'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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Ecolomondo Retained Earnings Chart

Ecolomondo Annual Data

Trend

Sep16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-14.80

-16.64

-16.39

-16.21

-19.93

Ecolomondo 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															-16.21	-16.28	-17.03	-17.07	-19.93

Ecolomondo 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.

Ecolomondo (OTCPK:ECLMF) 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.

Ecolomondo (Ecolomondo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Ecolomondo Corp (OTCPK:ECLMF) » Definitions » Retained Earnings

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ECM:Canada

Address

3435 Pitfield Boulevard, Saint-Laurent, QC, CAN, H4S 1H7

Website

https://www.ecolomondo.com

Ecolomondo Corp is a clean tech company focused on deployment of TDP turnkey facilities using its proprietary Thermal Decomposition Process (TDP) using a pyrolysis platform that converts hydrocarbon waste into marketable commodity end-products, namely carbon black substitute, oil, gas and steel. The Company's planned principal business is the sale, licencing and the manufacture of turnkey facilities based on the TDP technology platform as well as the collection of royalties from their operation or the operation of these facilities through wholly-owned or jointly-owned companies.