Parkit Enterprise (Parkit Enterprise) Retained Earnings : $-17.60 Mil (As of Mar. 2024)

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What is Parkit Enterprise Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Parkit Enterprise's retained earnings for the quarter that ended in Mar. 2024 was $-17.60 Mil.

Parkit Enterprise's quarterly retained earnings declined from Sep. 2023 ($-14.67 Mil) to Dec. 2023 ($-17.88 Mil) but then increased from Dec. 2023 ($-17.88 Mil) to Mar. 2024 ($-17.60 Mil).

Parkit Enterprise's annual retained earnings declined from Dec. 2021 ($-10.74 Mil) to Dec. 2022 ($-14.07 Mil) and declined from Dec. 2022 ($-14.07 Mil) to Dec. 2023 ($-17.88 Mil).

Parkit Enterprise Retained Earnings Historical Data

The historical data trend for Parkit Enterprise'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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Parkit Enterprise Retained Earnings Chart

Parkit Enterprise Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Dec21

Dec22

Dec23

Retained Earnings

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-2.17

-6.20

-10.74

-14.07

-17.88

Parkit Enterprise Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial															-14.80	-14.48	-14.67	-17.88	-17.60

Parkit Enterprise 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.

Parkit Enterprise (OTCPK:PKTEF) 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.

Parkit Enterprise (Parkit Enterprise) Business Description

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PKT:Canada

Address

100 Canadian Road, Scarborough, ON, CAN, M1R 4Z5

Website

https://www.parkitenterprise.com

Parkit Enterprise Inc is an industrial real estate platform. It is focused on the acquisition, growth, and management of strategically located industrial properties across key markets in Canada, with a focus on the Greater Toronto Area (GTA), Ottawa, and Montreal, to complement its parking assets across the United States. The Company operates in two reportable business segments: Investment Properties which involves the acquisition and management of income producing industrial properties across key markets in Canada. Parking Assets which involves the acquisition and management of income producing parking facilities across the United States.