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Power Group Projects (TSXV:PGP) Retained Earnings : C$-27.47 Mil (As of Oct. 2023)


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What is Power Group Projects Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Power Group Projects's retained earnings for the quarter that ended in Oct. 2023 was C$-27.47 Mil.

Power Group Projects's quarterly retained earnings declined from Apr. 2023 (C$-27.39 Mil) to Jul. 2023 (C$-27.45 Mil) and declined from Jul. 2023 (C$-27.45 Mil) to Oct. 2023 (C$-27.47 Mil).

Power Group Projects's annual retained earnings declined from Jan. 2021 (C$-23.38 Mil) to Jan. 2022 (C$-25.76 Mil) and declined from Jan. 2022 (C$-25.76 Mil) to Jan. 2023 (C$-27.35 Mil).


Power Group Projects Retained Earnings Historical Data

The historical data trend for Power Group Projects'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.

Power Group Projects Retained Earnings Chart

Power Group Projects Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -22.28 -23.27 -23.38 -25.76 -27.35

Power Group Projects Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
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 -27.24 -27.35 -27.39 -27.45 -27.47

Power Group Projects 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.


Power Group Projects  (TSXV:PGP) 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.


Power Group Projects (TSXV:PGP) Business Description

Traded in Other Exchanges
Address
999 West Hastings Street, Suite 520, Vancouver, BC, CAN, V6C 2W2
Power Group Projects Corp is a Canadian company which is engaged in the acquisition and exploration of resource properties. The company owns an interest in Smith Cobalt Project, Canadian Cobalt Project, Ontario Cobalt Project and Little Trout Cobalt Project among others.

Power Group Projects (TSXV:PGP) Headlines

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