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Lifeist Wellness (Lifeist Wellness) Retained Earnings : $-154.55 Mil (As of Feb. 2024)


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What is Lifeist Wellness Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Lifeist Wellness's retained earnings for the quarter that ended in Feb. 2024 was $-154.55 Mil.

Lifeist Wellness's quarterly retained earnings declined from Aug. 2023 ($-148.34 Mil) to Nov. 2023 ($-150.43 Mil) and declined from Nov. 2023 ($-150.43 Mil) to Feb. 2024 ($-154.55 Mil).

Lifeist Wellness's annual retained earnings declined from Nov. 2021 ($-140.55 Mil) to Nov. 2022 ($-142.73 Mil) and declined from Nov. 2022 ($-142.73 Mil) to Nov. 2023 ($-150.43 Mil).


Lifeist Wellness Retained Earnings Historical Data

The historical data trend for Lifeist Wellness'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.

Lifeist Wellness Retained Earnings Chart

Lifeist Wellness Annual Data
Trend Mar14 Mar15 Aug16 Aug17 Aug18 Nov19 Nov20 Nov21 Nov22 Nov23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -95.63 -116.91 -140.55 -142.73 -150.43

Lifeist Wellness Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 Aug23 Nov23 Feb24
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 -142.73 -145.21 -148.34 -150.43 -154.55

Lifeist Wellness 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.


Lifeist Wellness  (OTCPK:LFSWD) 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.


Lifeist Wellness (Lifeist Wellness) Business Description

Traded in Other Exchanges
Address
18 Canso Road, Etobicoke, Toronto, ON, CAN, M9W 4L8
Lifeist Wellness Inc is a portfolio wellness company leveraging advancements in science and technology. Its portfolio of brands includes: CannMart Inc, a distributor of licensed and in-house branded adult-use cannabis and cannabis derived products in Canada; CannMart Marketplace Inc operates CannMart.com, an online marketplace for hemp-derived CBD and accessories in the U.S.; CannMart Labs Inc, licensed facility for BHO (butane hash oil) extraction within Canada; Findify, an artificial intelligence-powered technology platform, delivering solutions such as personalized search, recommendations, and advanced data analytics; Australian Vapes online supplier of hardware, including vaporizers, and related accessories and Mikra, a biosciences and consumer wellness company.