BEACN Wizardry & Magic (TSXV:BECN) Retained Earnings : C$-5.65 Mil (As of Sep. 2023)

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What is BEACN Wizardry & Magic Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. BEACN Wizardry & Magic's retained earnings for the quarter that ended in Sep. 2023 was C$-5.65 Mil.

BEACN Wizardry & Magic's quarterly retained earnings declined from Mar. 2023 (C$-4.47 Mil) to Jun. 2023 (C$-5.03 Mil) and declined from Jun. 2023 (C$-5.03 Mil) to Sep. 2023 (C$-5.65 Mil).

BEACN Wizardry & Magic's annual retained earnings declined from Dec. 2020 (C$-0.78 Mil) to Dec. 2021 (C$-3.49 Mil) and declined from Dec. 2021 (C$-3.49 Mil) to Dec. 2022 (C$-3.94 Mil).

BEACN Wizardry & Magic Retained Earnings Historical Data

The historical data trend for BEACN Wizardry & Magic'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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BEACN Wizardry & Magic Retained Earnings Chart

BEACN Wizardry & Magic Annual Data

Trend

Dec20

Dec21

Dec22

Retained Earnings

-0.78

-3.49

-3.94

BEACN Wizardry & Magic Quarterly Data
	Nov20	Feb21	May21	Aug21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Retained Earnings	Get a 7-Day Free Trial							-3.25	-3.94	-4.47	-5.03	-5.65

BEACN Wizardry & Magic 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.

BEACN Wizardry & Magic (TSXV:BECN) 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.

BEACN Wizardry & Magic (TSXV:BECN) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

3450 Uptown Boulevard, Suite 301, Victoria, BC, CAN, V8Z 0B9

Website

BEACN Wizardry & Magic Inc develops innovative audio equipment, peripherals, and technology for gamers, live streamers, and content creators. The group delivers premium products that produce studio-quality content. Its product portfolio consists of Beacn Mic, Beacn Mix, and?Beacn Mix Create. The group has two reportable geographic segments namely North America and Other.