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CBIH (Cannabis Bioscience International Holdings) Retained Earnings : $-5.41 Mil (As of Aug. 2024)


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What is Cannabis Bioscience International Holdings Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Cannabis Bioscience International Holdings's retained earnings for the quarter that ended in Aug. 2024 was $-5.41 Mil.

Cannabis Bioscience International Holdings's quarterly retained earnings declined from Feb. 2024 ($-5.20 Mil) to May. 2024 ($-5.33 Mil) and declined from May. 2024 ($-5.33 Mil) to Aug. 2024 ($-5.41 Mil).

Cannabis Bioscience International Holdings's annual retained earnings declined from May. 2011 ($14.78 Mil) to May. 2023 ($-4.68 Mil) and declined from May. 2023 ($-4.68 Mil) to May. 2024 ($-5.33 Mil).


Cannabis Bioscience International Holdings Retained Earnings Historical Data

The historical data trend for Cannabis Bioscience International Holdings'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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Cannabis Bioscience International Holdings Retained Earnings Chart

Cannabis Bioscience International Holdings Annual Data
Trend Dec06 Dec07 May09 May10 May11 May23 May24
Retained Earnings
Get a 7-Day Free Trial 17.76 4.32 14.78 -4.68 -5.33

Cannabis Bioscience International Holdings Quarterly Data
May09 Aug09 Nov09 Feb10 May10 Aug10 Nov10 Feb11 May11 Aug11 Nov11 Feb12 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 - -4.99 -5.20 -5.33 -5.41

Cannabis Bioscience International Holdings 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.


Cannabis Bioscience International Holdings  (OTCPK:CBIH) 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.


Cannabis Bioscience International Holdings Business Description

Traded in Other Exchanges
N/A
Address
6201 Bonhomme Road, Suite 435N, Houston, TX, USA, 77036
Cannabis Bioscience International Holdings Inc provides educational systems focused on medical cannabis in cities throughout the United States and six countries in Latin America. The company provides services in therapeutic areas of clinical trials and services relating to sleep disorders through its sleep center in Houston, Texas. It offered concierge medicine at an affordable price through a membership-based model through its wholly-owned subsidiary.

Cannabis Bioscience International Holdings Headlines