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Scope AI (XCNQ:SCPE) Retained Earnings : C$-5.78 Mil (As of Mar. 2024)


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What is Scope AI Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Scope AI's retained earnings for the quarter that ended in Mar. 2024 was C$-5.78 Mil.

Scope AI's quarterly retained earnings declined from Sep. 2023 (C$-3.57 Mil) to Dec. 2023 (C$-4.95 Mil) and declined from Dec. 2023 (C$-4.95 Mil) to Mar. 2024 (C$-5.78 Mil).

Scope AI's annual retained earnings declined from Sep. 2021 (C$0.00 Mil) to Sep. 2022 (C$-0.37 Mil) and declined from Sep. 2022 (C$-0.37 Mil) to Sep. 2023 (C$-3.57 Mil).

Scope AI Retained Earnings Historical Data

The historical data trend for Scope AI'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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Scope AI Retained Earnings Chart

Scope AI Annual Data
Trend Sep21 Sep22 Sep23
Retained Earnings
- -0.37 -3.57

Scope AI 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 -1.73 -2.62 -3.57 -4.95 -5.78

Scope AI 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.

Scope AI  (XCNQ:SCPE) 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.

Scope AI (XCNQ:SCPE) Business Description

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Traded in Other Exchanges
SCPCF:USA
Address
1800 - 510 West Georgia Street, Vancouver, BC, CAN, V6B 0M3
Website
https://www.scopecarboncorp.com
Scope Carbon Corp is a Canadian technology company. It develops Artificial Intelligence (AI) analytical software and intellectual property for use in analyzing data related to nature-based objects (e.g. forests, wetlands, and other areas) as it relates to carbon credit certification. The company's current business plan is to enable large volumes of object based data to be converted into digestible data that carbon credit experts and others are able to use to verify the characteristics of trees, wetlands, and other areas.