TripSitter Clinic (TripSitter Clinic) Retained Earnings : $-9.04 Mil (As of Oct. 2023)

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What is TripSitter Clinic Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. TripSitter Clinic's retained earnings for the quarter that ended in Oct. 2023 was $-9.04 Mil.

TripSitter Clinic's quarterly retained earnings declined from Apr. 2023 ($-9.12 Mil) to Jul. 2023 ($-9.32 Mil) but then increased from Jul. 2023 ($-9.32 Mil) to Oct. 2023 ($-9.04 Mil).

TripSitter Clinic's annual retained earnings declined from Jan. 2021 ($-0.14 Mil) to Jan. 2022 ($-8.24 Mil) and declined from Jan. 2022 ($-8.24 Mil) to Jan. 2023 ($-9.14 Mil).

TripSitter Clinic Retained Earnings Historical Data

The historical data trend for TripSitter Clinic'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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TripSitter Clinic Retained Earnings Chart

TripSitter Clinic Annual Data

Trend

Jan21

Jan22

Jan23

Retained Earnings

-0.14

-8.24

-9.14

TripSitter Clinic Quarterly Data
	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Retained Earnings	Get a 7-Day Free Trial							-8.75	-9.14	-9.12	-9.32	-9.04

TripSitter Clinic 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.

TripSitter Clinic (OTCPK:TSTTF) 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.

TripSitter Clinic (TripSitter Clinic) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » TripSitter Clinic Ltd (OTCPK:TSTTF) » Definitions » Retained Earnings

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Traded in Other Exchanges

UY00:Germany KETA:Canada

Address

77 King Street West, Suite 700, Toronto, ON, CAN, M5K 1G8

Website

https://www.tripsitter.clinic

TripSitter Clinic Ltd is a consultative virtual clinic and telehealth platform that connects prospective patients to a licensed physician in the United States who can evaluate for a prescribed treatment program of low-dose, oral ketamine medication. Its revenues are generated from the provision of initial consultations and monthly subscriptions to patients seeking mental health treatment that includes legal psychedelic medicine connected with licensed medical practitioners.