NetCents Technology (XCNQ:NC) Retained Earnings : C$-44.24 Mil (As of Jul. 2020)

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What is NetCents Technology Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. NetCents Technology's retained earnings for the quarter that ended in Jul. 2020 was C$-44.24 Mil.

NetCents Technology's quarterly retained earnings declined from Jan. 2020 (C$-30.42 Mil) to Apr. 2020 (C$-33.56 Mil) and declined from Apr. 2020 (C$-33.56 Mil) to Jul. 2020 (C$-44.24 Mil).

NetCents Technology's annual retained earnings declined from Oct. 2017 (C$-8.78 Mil) to Oct. 2018 (C$-21.97 Mil) and declined from Oct. 2018 (C$-21.97 Mil) to Oct. 2019 (C$-28.64 Mil).

NetCents Technology Retained Earnings Historical Data

The historical data trend for NetCents Technology'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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NetCents Technology Retained Earnings Chart

NetCents Technology Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Retained Earnings

-4.09

-6.00

-8.78

-21.97

-28.64

NetCents Technology Quarterly Data
	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20
Retained Earnings	Get a 7-Day Free Trial															-26.77	-28.64	-30.42	-33.56	-44.24

NetCents Technology 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.

NetCents Technology (XCNQ:NC) 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.

NetCents Technology (XCNQ:NC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NetCents Technology Inc (XCNQ:NC) » Definitions » Retained Earnings

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Address

350-375 Water Street, Vancouver, BC, CAN, V6B 5C6

Website

https://www.net-cents.com

NetCents Technology Inc is engaged in software development for the payment processing industry. It helps in KYC, AML, IP Verification, eWallets, Merchant Gateway, Blockchain and Cryptocurrency Technology, Risk and Fraud Reduction, and Instant Settlements.