1CM (XCNQ:EPIC) Retained Earnings : C$-41.53 Mil (As of Nov. 2023)

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What is 1CM Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. 1CM's retained earnings for the quarter that ended in Nov. 2023 was C$-41.53 Mil.

1CM's quarterly retained earnings increased from May. 2023 (C$-41.50 Mil) to Aug. 2023 (C$-41.13 Mil) but then declined from Aug. 2023 (C$-41.13 Mil) to Nov. 2023 (C$-41.53 Mil).

1CM's annual retained earnings declined from Aug. 2021 (C$-39.42 Mil) to Aug. 2022 (C$-40.70 Mil) and declined from Aug. 2022 (C$-40.70 Mil) to Aug. 2023 (C$-41.13 Mil).

1CM Retained Earnings Historical Data

The historical data trend for 1CM'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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1CM Retained Earnings Chart

1CM Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Retained Earnings

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-35.95

-36.68

-39.42

-40.70

-41.13

1CM Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	May23	Aug23	Nov23
Retained Earnings	Get a 7-Day Free Trial															-40.70	-40.34	-41.50	-41.13	-41.53

1CM 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.

1CM (XCNQ:EPIC) 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.

1CM (XCNQ:EPIC) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » 1CM Inc (XCNQ:EPIC) » Definitions » Retained Earnings

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MILFF:USA IQ70:Germany

Address

625 Cochrane Drive, Suite 802, Markham, ON, CAN, L3R9R9

Website

https://www.1cminc.com

1CM Inc is a multi-jurisdictional cannabis company focused on it's retail customers and technology to democratize cannabis markets. The Company is focuses on expanding its current operations through organic growth and by way of merger and acquisition transactions.

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