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Blue Sky Global Energy (TSXV:BGE) Retained Earnings : C$-1.44 Mil (As of Dec. 2023)


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What is Blue Sky Global Energy Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Blue Sky Global Energy's retained earnings for the quarter that ended in Dec. 2023 was C$-1.44 Mil.

Blue Sky Global Energy's quarterly retained earnings declined from Jun. 2023 (C$-0.52 Mil) to Sep. 2023 (C$-1.21 Mil) and declined from Sep. 2023 (C$-1.21 Mil) to Dec. 2023 (C$-1.44 Mil).

Blue Sky Global Energy's annual retained earnings increased from Dec. 2021 (C$-0.95 Mil) to Dec. 2022 (C$-0.47 Mil) but then declined from Dec. 2022 (C$-0.47 Mil) to Dec. 2023 (C$-1.44 Mil).


Blue Sky Global Energy Retained Earnings Historical Data

The historical data trend for Blue Sky Global Energy'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.

Blue Sky Global Energy Retained Earnings Chart

Blue Sky Global Energy Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only -0.15 -0.27 -0.95 -0.47 -1.44

Blue Sky Global Energy Quarterly Data
Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -0.47 -1.16 -0.52 -1.21 -1.44

Blue Sky Global Energy 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.


Blue Sky Global Energy  (TSXV:BGE) 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.


Blue Sky Global Energy (TSXV:BGE) Business Description

Traded in Other Exchanges
N/A
Address
100 King Street West, Suite 6000, 1 First Canadian Place, Toronto, ON, CAN, M5X 1E2
Website
Blue Sky Global Energy Corp operates as an oil and gas exploration company. The Company explores oil and gas resources located in the Corozal Basin, Belize.

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