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Corix Bioscience (Corix Bioscience) Retained Earnings : $-5.30 Mil (As of Sep. 2017)


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What is Corix Bioscience Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Corix Bioscience's retained earnings for the quarter that ended in Sep. 2017 was $-5.30 Mil.

Corix Bioscience's quarterly retained earnings declined from Mar. 2017 ($0.00 Mil) to Jun. 2017 ($-2.16 Mil) and declined from Jun. 2017 ($-2.16 Mil) to Sep. 2017 ($-5.30 Mil).

Corix Bioscience's annual retained earnings declined from Jan. 2014 ($-4.40 Mil) to Jan. 2015 ($-4.46 Mil) and declined from Jan. 2015 ($-4.46 Mil) to Dec. 2016 ($-12.42 Mil).


Corix Bioscience Retained Earnings Historical Data

The historical data trend for Corix Bioscience'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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Corix Bioscience Retained Earnings Chart

Corix Bioscience Annual Data
Trend Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Dec16
Retained Earnings
Get a 7-Day Free Trial -0.98 -2.68 -4.40 -4.46 -12.42

Corix Bioscience Quarterly Data
Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 -12.29 -12.42 - -2.16 -5.30

Corix Bioscience 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.


Corix Bioscience  (GREY:CXBS) 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.


Corix Bioscience (Corix Bioscience) Business Description

Traded in Other Exchanges
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Address
18662 MaCaurther Boulevard, Suite 200, Irvine, CA, USA, 85085
Corix Bioscience Inc is a United States-based research and development firm of cannabidiol (CBD) products and treatments. It is engaged in the business of producing organic CBD oil used for medical applications and treatments. In addition, the group is also focused on the production of tetrahydrocannabivarin oil. The company is focused on operations in Oregon, California, and Nevada, United States.

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