Can B (CANB) Retained Earnings : $-113.93 Mil (As of Sep. 2024)

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What is Can B Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Can B's retained earnings for the quarter that ended in Sep. 2024 was $-113.93 Mil.

Can B's quarterly retained earnings declined from Mar. 2024 ($-107.48 Mil) to Jun. 2024 ($-110.67 Mil) and declined from Jun. 2024 ($-110.67 Mil) to Sep. 2024 ($-113.93 Mil).

Can B's annual retained earnings declined from Dec. 2021 ($-77.77 Mil) to Dec. 2022 ($-92.69 Mil) and declined from Dec. 2022 ($-92.69 Mil) to Dec. 2023 ($-102.43 Mil).

Can B Retained Earnings Historical Data

The historical data trend for Can B'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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Can B Retained Earnings Chart

Can B Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-24.67

-65.60

-77.77

-92.69

-102.43

Can B Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															-100.62	-102.43	-107.48	-110.67	-113.93

Can B 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.

Can B (OTCPK:CANB) 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.

Can B Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Can B Corp (OTCPK:CANB) » Definitions » Retained Earnings

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Traded in Other Exchanges

N/A

Address

960 South Broadway, Suite 120, Hicksville, NY, USA, 11801

Website

https://www.canbiola.com

Can B Corp is engaged in the business of promoting health and wellness through its development, manufacture and sale of products containing cannabinoids derived from hemp biomass and the licensing of durable medical devices. The company focuses on developing a line of proprietary products in the Hemp Industry.

Executives

Mckenzie Webster Ltd	10 percent owner	DMS HOUSE, DR. ROYCE DRIVE, GEORGE TOWN, GRAND CAYMAN E9 KY1-1102
Stanley L Teeple	director, officer: CFO, Director, and Secretary	94 ARTHUR HILL COURT, HENDERSON NV 89014
Andrew Holtmeyer	officer: EVP Business Development	65 LAUREN AVE, SUITE 301, HUNTINGTON STATION NY 11746
Heggenhougen Rolv	director	90 NORTH CHURCH STREET, GEORGETOWN E9 KY1-1102
David J Posel	officer: COO	6103 CARMEL LN SE, LACEY WA 98503
Rolv Heggenhougen	10 percent owner	445 NE 12TH AVENUE, FORT LAUDERDALE FL 33301
Marco Alfonsi	director, 10 percent owner, officer: CEO, Board Member	44 EAST END AVENUE, HICKSVILLE NY 11801
Carl Dilley	director	15500 ROOSEVELT BLVD., SUITE 301, CLEARWATER FL 33760