POWR Lithium (XCNQ:POWR) Retained Earnings : C$-7.23 Mil (As of Feb. 2024)

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What is POWR Lithium Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. POWR Lithium's retained earnings for the quarter that ended in Feb. 2024 was C$-7.23 Mil.

POWR Lithium's quarterly retained earnings declined from Aug. 2023 (C$-4.64 Mil) to Nov. 2023 (C$-6.18 Mil) and declined from Nov. 2023 (C$-6.18 Mil) to Feb. 2024 (C$-7.23 Mil).

POWR Lithium's annual retained earnings declined from Aug. 2021 (C$-0.10 Mil) to Aug. 2022 (C$-2.69 Mil) and declined from Aug. 2022 (C$-2.69 Mil) to Aug. 2023 (C$-4.64 Mil).

POWR Lithium Retained Earnings Historical Data

The historical data trend for POWR Lithium'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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POWR Lithium Retained Earnings Chart

POWR Lithium Annual Data

Trend

Aug21

Aug22

Aug23

Retained Earnings

-0.10

-2.69

-4.64

POWR Lithium Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Retained Earnings	Get a 7-Day Free Trial							-4.14	-4.33	-4.64	-6.18	-7.23

POWR Lithium 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.

POWR Lithium (XCNQ:POWR) 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.

POWR Lithium (XCNQ:POWR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » POWR Lithium Corp (XCNQ:POWR) » Definitions » Retained Earnings

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Traded in Other Exchanges

PWRLF:USA 6JX:Germany

Address

1021 West Hastings Street, 9th Floor, Vancouver, BC, CAN, V6E 0C3

Website

https://www.powrlithium.com

POWR Lithium Corp is a new mineral exploration and development company focused on American lithium deposits to support domestic demand. It is predominantly engaged in the business of mineral exploration and the development of the ELi Property and the Halo Project.

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