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E-Power Resources (XCNQ:EPR) Retained Earnings : C$-3.63 Mil (As of Mar. 2024)


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What is E-Power Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. E-Power Resources's retained earnings for the quarter that ended in Mar. 2024 was C$-3.63 Mil.

E-Power Resources's quarterly retained earnings declined from Sep. 2023 (C$-3.00 Mil) to Dec. 2023 (C$-3.35 Mil) and declined from Dec. 2023 (C$-3.35 Mil) to Mar. 2024 (C$-3.63 Mil).

E-Power Resources's annual retained earnings declined from Sep. 2021 (C$-1.20 Mil) to Sep. 2022 (C$-1.95 Mil) and declined from Sep. 2022 (C$-1.95 Mil) to Sep. 2023 (C$-3.00 Mil).


E-Power Resources Retained Earnings Historical Data

The historical data trend for E-Power Resources'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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E-Power Resources Retained Earnings Chart

E-Power Resources Annual Data
Trend Sep21 Sep22 Sep23
Retained Earnings
-1.20 -1.95 -3.00

E-Power Resources Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -2.31 -2.71 -3.00 -3.35 -3.63

E-Power Resources 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.


E-Power Resources  (XCNQ:EPR) 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.


E-Power Resources (XCNQ:EPR) Business Description

Traded in Other Exchanges
N/A
Address
925 de Maisonneuve Boulevard, Suite 247, Montreal, QC, CAN, H3A0A5
E-Power Resources Inc is the exploration for mineral resources in the province of Quebec, Canada. Exploration activities consist of searching for resources suitable for commercial exploitation by researching and analyzing an area's historic exploration data, by conducting topographical, geological, geochemical and geophysical studies, and by exploratory driling, trenching and sampling. The company's projects include Tetepisca and Turgeon Graphite.
Executives
James Cross Director