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Maverick Lifestyle (Maverick Lifestyle) Retained Earnings : $-6.91 Mil (As of Jun. 2023)


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What is Maverick Lifestyle Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Maverick Lifestyle's retained earnings for the quarter that ended in Jun. 2023 was $-6.91 Mil.

Maverick Lifestyle's quarterly retained earnings declined from Dec. 2022 ($-5.90 Mil) to Mar. 2023 ($-6.37 Mil) and declined from Mar. 2023 ($-6.37 Mil) to Jun. 2023 ($-6.91 Mil).

Maverick Lifestyle's annual retained earnings declined from Dec. 2020 ($-1.68 Mil) to Dec. 2021 ($-4.30 Mil) and declined from Dec. 2021 ($-4.30 Mil) to Dec. 2022 ($-5.90 Mil).


Maverick Lifestyle Retained Earnings Historical Data

The historical data trend for Maverick Lifestyle'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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Maverick Lifestyle Retained Earnings Chart

Maverick Lifestyle Annual Data
Trend Dec20 Dec21 Dec22
Retained Earnings
-1.68 -4.30 -5.90

Maverick Lifestyle Quarterly Data
Dec21 Mar22 Jun22 Dec22 Mar23 Jun23
Retained Earnings Get a 7-Day Free Trial - - -5.90 -6.37 -6.91

Maverick Lifestyle 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.


Maverick Lifestyle  (NAS:MVRK) 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.


Maverick Lifestyle (Maverick Lifestyle) Business Description

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Traded in Other Exchanges
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Address
7427 NC Highway 58 South, Stantonsburg, NC, USA, 27883
Website
Maverick Lifestyle Inc is a Hemp Canna-Infused Products Company primarily engaged in the manufacturing, branding, marketing, distribution and sales of products infused with hemp-derived cannabinoids (including but not limited to delta-8-THC, delta-9-THC, delta-10-THC, HHC, CBD, CBG and CBN) such as pre-rolled hemp joints and hemp cigarettes, hemp cigarillos, blunts, disposable live resin vapes, gummies and unique edibles. It is also engaged in the development of high speed rolling manufacturing technology specifically designed for the hemp and cannabis industry, such as converting high speed tobacco rolling machines to roll stickier products such as delta-8-THC, HHC infused hemp, packing machines to automatically package rolled products into consumer packaging ready for the shelf.

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