Sunniva (XCNQ:SNN) Retained Earnings : C$-93.49 Mil (As of Sep. 2019)

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What is Sunniva Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Sunniva's retained earnings for the quarter that ended in Sep. 2019 was C$-93.49 Mil.

Sunniva's quarterly retained earnings declined from Mar. 2019 (C$-59.06 Mil) to Jun. 2019 (C$-73.49 Mil) and declined from Jun. 2019 (C$-73.49 Mil) to Sep. 2019 (C$-93.49 Mil).

Sunniva's annual retained earnings declined from Dec. 2016 (C$-10.04 Mil) to Dec. 2017 (C$-27.55 Mil) and declined from Dec. 2017 (C$-27.55 Mil) to Dec. 2018 (C$-56.22 Mil).

Sunniva Retained Earnings Historical Data

The historical data trend for Sunniva'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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Sunniva Retained Earnings Chart

Sunniva Annual Data

Trend

Dec16

Dec17

Dec18

Retained Earnings

-10.04

-27.55

-56.22

Sunniva Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Retained Earnings	Get a 7-Day Free Trial								-46.34	-56.22	-59.06	-73.49	-93.49

Sunniva 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.

Sunniva (XCNQ:SNN) 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.

Sunniva (XCNQ:SNN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Sunniva Inc (XCNQ:SNN) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Burrard Street, 1200 Waterfront Centre, P.O Box 48600, Vancouver, BC, CAN, V7X 1T2

Website

https://www.sunniva.com

Sunniva Inc is vertically integrated medical cannabis company committed to delivering safe, low-cost, high-quality products and services at scale. The company is focused on the cultivation, production and distribution of therapeutic solutions targeting two of the medical cannabis markets in the world: Canada and California.

Executives

Mark Hamish Kimmins

Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)