GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Maven Brands Inc (XCNQ:MJ) » Definitions » Retained Earnings

Maven Brands (XCNQ:MJ) Retained Earnings : C$-39.65 Mil (As of Dec. 2022)


View and export this data going back to 2015. Start your Free Trial

What is Maven Brands Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Maven Brands's retained earnings for the quarter that ended in Dec. 2022 was C$-39.65 Mil.

Maven Brands's quarterly retained earnings declined from Jun. 2022 (C$-39.63 Mil) to Sep. 2022 (C$-40.01 Mil) but then increased from Sep. 2022 (C$-40.01 Mil) to Dec. 2022 (C$-39.65 Mil).

Maven Brands's annual retained earnings declined from Mar. 2020 (C$-30.67 Mil) to Mar. 2021 (C$-36.89 Mil) and declined from Mar. 2021 (C$-36.89 Mil) to Mar. 2022 (C$-39.36 Mil).

Maven Brands Retained Earnings Historical Data

The historical data trend for Maven Brands'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.

Maven Brands Retained Earnings Chart

Maven Brands Annual Data
Trend Dec14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Retained Earnings
Get a 7-Day Free Trial Premium Member Only -8.96 -14.47 -30.67 -36.89 -39.36

Maven Brands Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 -38.89 -39.36 -39.63 -40.01 -39.65

Maven Brands 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.

Maven Brands  (XCNQ:MJ) 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.

Maven Brands (XCNQ:MJ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Maven Brands Inc (XCNQ:MJ) » Definitions » Retained Earnings
Comparable Companies
XCNQ:IBH XCNQ:PLNT.X XCNQ:OVAT XCNQ:GSL XCNQ:BIO TSXV:NU XCNQ:SE XCNQ:XCX XCNQ:MJRX XCNQ:GHG ZTS XTER:MRK TSE:4502 LSE:HLN NSE:SUNPHARMA TSE:4523 TSE:4507 SZSE:000538 XSWX:SDZ HKSE:03692
Traded in Other Exchanges
N/A
Address
100 Kalamalka Lake Road, Unit 32, Vernon, BC, CAN, V1T 9G1
Website
https://www.mavenbrands.ca
Maven Brands Inc is a licensed producer of medicinal cannabis for the Canadian market under Canada's Marihuana for Medical Purposes Regulations program administered by Health Canada. The company is launching an innovative services program to provide seed-to-shelf solutions for cannabis micro-cultivators and small-scale producers across Canada. Its services will be designed to support craft growers on a path to the regulated market and will operate from the True Leaf Campus facility located in Lumby, British Columbia.