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The Good Shroom Co (The Good Shroom Co) Retained Earnings : $-9.42 Mil (As of Jan. 2024)


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What is The Good Shroom Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. The Good Shroom Co's retained earnings for the quarter that ended in Jan. 2024 was $-9.42 Mil.

The Good Shroom Co's quarterly retained earnings increased from Jul. 2023 ($-9.69 Mil) to Oct. 2023 ($-9.27 Mil) but then declined from Oct. 2023 ($-9.27 Mil) to Jan. 2024 ($-9.42 Mil).

The Good Shroom Co's annual retained earnings declined from Jul. 2021 ($-8.55 Mil) to Jul. 2022 ($-9.54 Mil) and declined from Jul. 2022 ($-9.54 Mil) to Jul. 2023 ($-9.69 Mil).


The Good Shroom Co Retained Earnings Historical Data

The historical data trend for The Good Shroom Co'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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The Good Shroom Co Retained Earnings Chart

The Good Shroom Co Annual Data
Trend Jul21 Jul22 Jul23
Retained Earnings
-8.55 -9.54 -9.69

The Good Shroom Co Quarterly Data
Mar20 Mar21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -9.40 -9.34 -9.69 -9.27 -9.42

The Good Shroom Co 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.


The Good Shroom Co  (OTCPK:TGSHF) 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.


The Good Shroom Co (The Good Shroom Co) Business Description

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Address
324 Marie-Curie, Vaudreuil, QC, CAN, J7V 5V5
The Good Shroom Co Inc operates a portfolio of brands that include traditional cannabis and beverage products. The company exists to promote the use of mushrooms through its brands; The Teo Nan brand is a functional mushroom beverage range serving the American and Canadian wellness market via DTC and retail; The Nordique Royale is a premium quality hash; and The Velada brand is a range of CBD-infused functional mushroom beverages serving the Canadian legal cannabis market.

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