GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petroteq Energy Inc (FRA:PQCF) » Definitions » Retained Earnings

Petroteq Energy (FRA:PQCF) Retained Earnings : €-108.94 Mil (As of May. 2022)


View and export this data going back to 2016. Start your Free Trial

What is Petroteq Energy Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Petroteq Energy's retained earnings for the quarter that ended in May. 2022 was €-108.94 Mil.

Petroteq Energy's quarterly retained earnings declined from Nov. 2021 (€-89.95 Mil) to Feb. 2022 (€-93.47 Mil) and declined from Feb. 2022 (€-93.47 Mil) to May. 2022 (€-108.94 Mil).

Petroteq Energy's annual retained earnings declined from Aug. 2019 (€-70.38 Mil) to Aug. 2020 (€-76.61 Mil) and declined from Aug. 2020 (€-76.61 Mil) to Aug. 2021 (€-85.12 Mil).


Petroteq Energy Retained Earnings Historical Data

The historical data trend for Petroteq Energy'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.

Petroteq Energy Retained Earnings Chart

Petroteq Energy Annual Data
Trend Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -39.69 -54.12 -70.38 -76.61 -85.12

Petroteq Energy Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
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 -79.87 -85.12 -89.95 -93.47 -108.94

Petroteq Energy 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.


Petroteq Energy  (FRA:PQCF) 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.


Petroteq Energy (FRA:PQCF) Business Description

Traded in Other Exchanges
N/A
Address
15315 W. Magnolia Boulevard, Suite 120, Sherman Oaks, CA, USA, 91403
Petroteq Energy Inc is a fully integrated oil and gas company focused on the development and implementation of new proprietary technology for oil extraction. The company operated in two reportable segments being Oil Extraction and Processing Operations and Mining Operations. It generates revenue from the sale of hydrocarbon.

Petroteq Energy (FRA:PQCF) Headlines

No Headlines