GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » PlasCred Circular Innovations Inc (OTCPK:MGPRF) » Definitions » Retained Earnings

PlasCred Circular Innovations (PlasCred Circular Innovations) Retained Earnings : $-8.44 Mil (As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is PlasCred Circular Innovations Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. PlasCred Circular Innovations's retained earnings for the quarter that ended in Mar. 2024 was $-8.44 Mil.

PlasCred Circular Innovations's quarterly retained earnings declined from Jun. 2023 ($-1.00 Mil) to Dec. 2023 ($-8.03 Mil) and declined from Dec. 2023 ($-8.03 Mil) to Mar. 2024 ($-8.44 Mil).

PlasCred Circular Innovations's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2022 ($-0.46 Mil) but then declined from Dec. 2022 ($-0.46 Mil) to Dec. 2023 ($-8.03 Mil).


PlasCred Circular Innovations Retained Earnings Historical Data

The historical data trend for PlasCred Circular Innovations'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.

PlasCred Circular Innovations Retained Earnings Chart

PlasCred Circular Innovations Annual Data
Trend Dec22 Dec23
Retained Earnings
-0.46 -8.03

PlasCred Circular Innovations Quarterly Data
Jun22 Mar23 Jun23 Dec23 Mar24
Retained Earnings - -0.67 -1.00 -8.03 -8.44

PlasCred Circular Innovations 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.


PlasCred Circular Innovations  (OTCPK:MGPRF) 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.


PlasCred Circular Innovations (PlasCred Circular Innovations) Business Description

Traded in Other Exchanges
Address
810 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2
PlasCred Circular Innovations Inc is a green technology company based in Alberta, whose patent-pending and proprietary process enables true plastic waste removal in a scalable, systematic and profitable way. The PlasCred process hopes to deliver a commercially viable plastic recycling process, providing immediate economic benefit for industry, communities and government organizations for handling waste plastic.

PlasCred Circular Innovations (PlasCred Circular Innovations) Headlines