AutoCanada (TSX:ACQ) Retained Earnings : C$109 Mil (As of Sep. 2024)

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What is AutoCanada Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. AutoCanada's retained earnings for the quarter that ended in Sep. 2024 was C$109 Mil.

AutoCanada's quarterly retained earnings declined from Mar. 2024 (C$137 Mil) to Jun. 2024 (C$103 Mil) but then increased from Jun. 2024 (C$103 Mil) to Sep. 2024 (C$109 Mil).

AutoCanada's annual retained earnings increased from Dec. 2021 (C$3 Mil) to Dec. 2022 (C$89 Mil) and increased from Dec. 2022 (C$89 Mil) to Dec. 2023 (C$140 Mil).

AutoCanada Retained Earnings Historical Data

The historical data trend for AutoCanada'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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AutoCanada Retained Earnings Chart

AutoCanada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-157.26

-160.56

3.11

89.41

139.90

AutoCanada Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															159.67	139.90	137.49	103.21	109.20

AutoCanada 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.

AutoCanada (TSX:ACQ) 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.

AutoCanada Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » AutoCanada Inc (TSX:ACQ) » Definitions » Retained Earnings

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AOCIF:USA 31K:Germany

Address

15511 123 Avenue NW, Suite 200, Edmonton, AB, CAN, T5V 0C3

Website

https://www.autocan.ca

AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru. The majority of revenue is generated in the Used vehicles sales segment. It operates in U.S. and Canada, out of which maximum revenue is derived from Canada.

Executives

Edgepoint Investment Group Inc.	10% Security Holder
Paul Antony	Director
Christopher Harris	Director
Barry Lee James	Director
Joseph Lee Grant Matheson	Director
Dennis Stephan Desrosiers	Director
Peter Hong	Senior Officer
Michael Borys	Senior Officer
Michael Rawluk	Senior Officer
Raj Juneja	Senior Officer

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