PesoRama (TSXV:PESO) Retained Earnings : C$-44.42 Mil (As of Oct. 2023)

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What is PesoRama Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. PesoRama's retained earnings for the quarter that ended in Oct. 2023 was C$-44.42 Mil.

PesoRama's quarterly retained earnings declined from Apr. 2023 (C$-37.16 Mil) to Jul. 2023 (C$-41.70 Mil) and declined from Jul. 2023 (C$-41.70 Mil) to Oct. 2023 (C$-44.42 Mil).

PesoRama's annual retained earnings declined from Jan. 2021 (C$-11.82 Mil) to Jan. 2022 (C$-22.90 Mil) and declined from Jan. 2022 (C$-22.90 Mil) to Jan. 2023 (C$-34.84 Mil).

PesoRama Retained Earnings Historical Data

The historical data trend for PesoRama'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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PesoRama Retained Earnings Chart

PesoRama Annual Data

Trend

Jan20

Jan21

Jan22

Jan23

Retained Earnings

-4.75

-11.82

-22.90

-34.84

PesoRama Quarterly Data
	Jan20	Oct20	Jan21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Retained Earnings	Get a 7-Day Free Trial								-35.60	-34.84	-37.16	-41.70	-44.42

PesoRama 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.

PesoRama (TSXV:PESO) 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.

PesoRama (TSXV:PESO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » PesoRama Inc (TSXV:PESO) » Definitions » Retained Earnings

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PSSOF:USA

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.pesorama.ca

PesoRama Inc operating under the JOi Canadian Stores brand is a Mexican value single price-point dollar store retailer. The firm's stores offer consistent merchandise offerings which include household goods, pet supplies, seasonal products, party supplies, health and beauty, snack food items, confectionery, and more.

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