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Albert Labs International (XCNQ:ABRT) Retained Earnings : C$-9.93 Mil (As of Sep. 2023)


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What is Albert Labs International Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Albert Labs International's retained earnings for the quarter that ended in Sep. 2023 was C$-9.93 Mil.

Albert Labs International's quarterly retained earnings declined from Mar. 2023 (C$-9.76 Mil) to Jun. 2023 (C$-9.92 Mil) and declined from Jun. 2023 (C$-9.92 Mil) to Sep. 2023 (C$-9.93 Mil).

Albert Labs International's annual retained earnings increased from . 20 (C$0.00 Mil) to Dec. 2021 (C$-2.31 Mil) but then declined from Dec. 2021 (C$-2.31 Mil) to Dec. 2022 (C$-9.37 Mil).


Albert Labs International Retained Earnings Historical Data

The historical data trend for Albert Labs International'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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Albert Labs International Retained Earnings Chart

Albert Labs International Annual Data
Trend Dec21 Dec22
Retained Earnings
-2.31 -9.37

Albert Labs International Quarterly Data
Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.63 -9.37 -9.76 -9.92 -9.93

Albert Labs International 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.


Albert Labs International  (XCNQ:ABRT) 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.


Albert Labs International (XCNQ:ABRT) Business Description

Traded in Other Exchanges
N/A
Address
6996, Merritt Avenue, Burnaby, BC, CAN, V5J 4R6
Albert Labs International Corp is a laboratory-based, clinical research and drug development enterprise addressing mental health care needs. The company is focusing on Real World Evidence (RWE) the company will initially look to commercialize its mycelium-based KRN-101 medicine and treatment with the help of clinical pathway.

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