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Gnomestar Craft (Gnomestar Craft) Retained Earnings : $-14.70 Mil (As of Dec. 2021)


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What is Gnomestar Craft Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Gnomestar Craft's retained earnings for the quarter that ended in Dec. 2021 was $-14.70 Mil.

Gnomestar Craft's quarterly retained earnings increased from Jun. 2021 ($-15.02 Mil) to Sep. 2021 ($-14.67 Mil) but then declined from Sep. 2021 ($-14.67 Mil) to Dec. 2021 ($-14.70 Mil).

Gnomestar Craft's annual retained earnings increased from Mar. 2019 ($-12.87 Mil) to Mar. 2020 ($-12.71 Mil) but then declined from Mar. 2020 ($-12.71 Mil) to Mar. 2021 ($-14.69 Mil).


Gnomestar Craft Retained Earnings Historical Data

The historical data trend for Gnomestar Craft'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.

Gnomestar Craft Retained Earnings Chart

Gnomestar Craft Annual Data
Trend Jun12 Jun13 Jun14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.06 -10.18 -12.87 -12.71 -14.69

Gnomestar Craft Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
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 -14.24 -14.69 -15.02 -14.67 -14.70

Gnomestar Craft 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.


Gnomestar Craft  (OTCPK:VDQSF) 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.


Gnomestar Craft (Gnomestar Craft) Business Description

Traded in Other Exchanges
N/A
Address
8778 River Road, Delta, BC, CAN, V4G 1B5
Gnomestar Craft Inc, formerly Vodis Pharmaceuticals Inc is engaged in the manufacturing of craft cannabis. The company's facility is situated in Delta, British Columbia, Canada. The business operates in one segment being the marijuana industry, and all assets are located in Canada.The firm sells certain cannabis products for medical and recreational use to certain companies in Canada who are licensed for cultivation, processing and sell dried cannabis products.

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