AMG Acquisition (TSXV:AMG.P) Retained Earnings : C$-0.19 Mil (As of Nov. 2024)

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What is AMG Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. AMG Acquisition's retained earnings for the quarter that ended in Nov. 2024 was C$-0.19 Mil.

AMG Acquisition's quarterly retained earnings declined from May. 2024 (C$-0.18 Mil) to Aug. 2024 (C$-0.18 Mil) and declined from Aug. 2024 (C$-0.18 Mil) to Nov. 2024 (C$-0.19 Mil).

AMG Acquisition's annual retained earnings declined from Aug. 2022 (C$-0.12 Mil) to Aug. 2023 (C$-0.15 Mil) and declined from Aug. 2023 (C$-0.15 Mil) to Aug. 2024 (C$-0.18 Mil).

AMG Acquisition Retained Earnings Historical Data

The historical data trend for AMG Acquisition'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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AMG Acquisition Retained Earnings Chart

AMG Acquisition Annual Data

Trend

Aug21

Aug22

Aug23

Aug24

Retained Earnings

-0.01

-0.12

-0.15

-0.18

AMG Acquisition Quarterly Data
	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Retained Earnings	Get a 7-Day Free Trial								-0.16	-0.17	-0.18	-0.18	-0.19

AMG Acquisition 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.

AMG Acquisition (TSXV:AMG.P) 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.

AMG Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » AMG Acquisition Corp (TSXV:AMG.P) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

230 997 Seymour Street, Office 9, Vancouver, BC, CAN, V6B 3M1

Website

AMG Acquisition Corp is a capital pool company. the principal business is the identification and evaluation of assets or a business and, once identified or evaluated, to negotiate an acquisition or participation in a business subject to receipt of shareholder approval, if required, and acceptance by regulatory authorities.

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