Li-FT Power (TSXV:LIFT) Retained Earnings : C$0.81 Mil (As of Feb. 2024)

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What is Li-FT Power Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Li-FT Power's retained earnings for the quarter that ended in Feb. 2024 was C$0.81 Mil.

Li-FT Power's quarterly retained earnings increased from May. 2023 (C$-0.38 Mil) to Aug. 2023 (C$5.07 Mil) but then declined from Aug. 2023 (C$5.07 Mil) to Feb. 2024 (C$0.81 Mil).

Li-FT Power's annual retained earnings increased from . 20 (C$0.00 Mil) to Nov. 2021 (C$-0.08 Mil) but then declined from Nov. 2021 (C$-0.08 Mil) to Nov. 2022 (C$-0.82 Mil).

Li-FT Power Retained Earnings Historical Data

The historical data trend for Li-FT Power'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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Li-FT Power Retained Earnings Chart

Li-FT Power Annual Data

Trend

Nov21

Nov22

Retained Earnings

-0.08

-0.82

Li-FT Power Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Feb24
Retained Earnings	Get a 7-Day Free Trial						-0.82	-1.33	-0.38	5.07	0.81

Li-FT Power 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.

Li-FT Power (TSXV:LIFT) 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.

Li-FT Power (TSXV:LIFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Li-FT Power Ltd (TSXV:LIFT) » Definitions » Retained Earnings

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LIFFF:USA WS0:Germany

Address

1055 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6E 2E9

Website

https://www.li-ft.com

Li-FT Power Ltd is a mineral exploration company involved in the identification, acquisition, and exploration of mineral properties. The company is exploring lithium. Its project portfolio includes Rupert Project, Pontax Project, Moyenne Project, and Lithium Yellowknife Project.

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