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Biome Grow (Biome Grow) Retained Earnings : $-22.61 Mil (As of Sep. 2023)


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What is Biome Grow Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Biome Grow's retained earnings for the quarter that ended in Sep. 2023 was $-22.61 Mil.

Biome Grow's quarterly retained earnings declined from Dec. 2022 ($-22.22 Mil) to Mar. 2023 ($-22.26 Mil) and declined from Mar. 2023 ($-22.26 Mil) to Sep. 2023 ($-22.61 Mil).

Biome Grow's annual retained earnings declined from Dec. 2020 ($-14.96 Mil) to Dec. 2021 ($-15.08 Mil) and declined from Dec. 2021 ($-15.08 Mil) to Dec. 2022 ($-22.22 Mil).


Biome Grow Retained Earnings Historical Data

The historical data trend for Biome Grow'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.

Biome Grow Retained Earnings Chart

Biome Grow Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.21 -14.56 -14.96 -15.08 -22.22

Biome Grow Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23
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 -21.76 -21.34 -22.22 -22.26 -22.61

Biome Grow 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.


Biome Grow  (OTCPK:BIOIF) 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.


Biome Grow (Biome Grow) Business Description

Traded in Other Exchanges
Address
480 University Avenue, Suite 1401, Toronto, ON, CAN, M5G 1V2
Biome Grow Inc is a Canada-based company engaged in medical and recreational cannabis businesses. Along with its subsidiaries, the firm is engaged in the cultivation of marijuana plants, dried marijuana and marijuana seeds. The company through its Weed VR platform connects customers with growers and distributors as well as retail partners.