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Maple Leaf Foods (TSX:MFI) Retained Earnings : C$568 Mil (As of Sep. 2024)


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What is Maple Leaf Foods Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Maple Leaf Foods's retained earnings for the quarter that ended in Sep. 2024 was C$568 Mil.

Maple Leaf Foods's quarterly retained earnings increased from Mar. 2024 (C$629 Mil) to Jun. 2024 (C$641 Mil) but then declined from Jun. 2024 (C$641 Mil) to Sep. 2024 (C$568 Mil).

Maple Leaf Foods's annual retained earnings declined from Dec. 2021 (C$1,212 Mil) to Dec. 2022 (C$810 Mil) and declined from Dec. 2022 (C$810 Mil) to Dec. 2023 (C$597 Mil).

Maple Leaf Foods Retained Earnings Historical Data

The historical data trend for Maple Leaf Foods'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.

Maple Leaf Foods Retained Earnings Chart

Maple Leaf Foods Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,137.45 1,124.97 1,212.24 809.62 597.43

Maple Leaf Foods 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 652.84 597.43 628.55 640.59 567.98

Maple Leaf Foods 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.

Maple Leaf Foods  (TSX:MFI) 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.

Maple Leaf Foods Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Maple Leaf Foods Inc (TSX:MFI) » Definitions » Retained Earnings
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Traded in Other Exchanges
MLFNF:USA M1L:Germany
Address
6985 Financial Drive, Corporate Secretary'S Department, Mississauga, ON, CAN, L5N 0A1
Website
https://www.mapleleaffoods.com
Maple Leaf Foods Incs is a producer of food products under leading brands, including Maple Leaf, Maple Leaf PrimeMaple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina, Greenfield Natural Meat Co., Lightlife, and Field Roast. The Company's portfolio includes prepared meats, ready-to-cook and ready-toserve meals, and valued-added fresh pork and poultry, and plant protein products. Its main markets are Canada, the United States, Japan, and China. The key brands are Maple Leaf and Schneiders, Maple Leaf Prime Naturally, Shopsy, Mitchell's Gourmet Food, Larse, Parm, and Hygrade.
Executives
Olajumoke Fagbemi Senior Officer
Thomas Patrick Hayes Director
Andrew Gordon Macdonald Director
Linda Mantia Director
Jonathan Wallace Ferguson Mccain Director
Jonathan David Sawatzky Senior Officer
Iain William Stewart Senior Officer
Robert Scott Lorimer Senior Officer
William Elias Aziz Director
Michael Ross Rawle Senior Officer
Katherine Newell Lemon Director
Andreas Liris Senior Officer
Suzanne Hathaway Senior Officer
Adam John Grogan Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Randall Huffman Senior Officer