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Odd Burger (TSXV:ODD) Retained Earnings : C$-17.70 Mil (As of Dec. 2023)


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What is Odd Burger Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Odd Burger's retained earnings for the quarter that ended in Dec. 2023 was C$-17.70 Mil.

Odd Burger's quarterly retained earnings declined from Jun. 2023 (C$-15.89 Mil) to Sep. 2023 (C$-17.42 Mil) and declined from Sep. 2023 (C$-17.42 Mil) to Dec. 2023 (C$-17.70 Mil).

Odd Burger's annual retained earnings declined from Sep. 2021 (C$-8.53 Mil) to Sep. 2022 (C$-12.82 Mil) and declined from Sep. 2022 (C$-12.82 Mil) to Sep. 2023 (C$-17.42 Mil).

Odd Burger Retained Earnings Historical Data

The historical data trend for Odd Burger'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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Odd Burger Retained Earnings Chart

Odd Burger Annual Data
Trend Sep20 Sep21 Sep22 Sep23
Retained Earnings
-3.36 -8.53 -12.82 -17.42

Odd Burger Quarterly Data
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 -14.08 -15.05 -15.89 -17.42 -17.70

Odd Burger 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.

Odd Burger  (TSXV:ODD) 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.

Odd Burger (TSXV:ODD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Odd Burger Corp (TSXV:ODD) » Definitions » Retained Earnings
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Traded in Other Exchanges
ODDAF:USA IA9:Germany
Address
505 Consortium Court, London, ON, CAN, N6E 2S8
Website
https://www.oddburger.com
Odd Burger Corp is a plant-based food technology company that manufactures and distributes plant-based protein and dairy alternatives using locally sourced and sustainable ingredients. It distributes its products through a proprietary food service line to company-owned and franchised fast-food restaurant locations. Its restaurant locations operate as smart kitchens, which use state-of-the-art cooking technology and automation solutions to deliver a delicious food experience to customers craving healthier and more sustainable fast food. The company operates a manufacturing facility and has restaurant locations in Canada.