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Volatus Capital (XCNQ:VC) Retained Earnings : C$-8.32 Mil (As of Oct. 2023)


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What is Volatus Capital Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Volatus Capital's retained earnings for the quarter that ended in Oct. 2023 was C$-8.32 Mil.

Volatus Capital's quarterly retained earnings declined from Apr. 2023 (C$-2.54 Mil) to Jul. 2023 (C$-5.59 Mil) and declined from Jul. 2023 (C$-5.59 Mil) to Oct. 2023 (C$-8.32 Mil).

Volatus Capital's annual retained earnings declined from Jan. 2021 (C$-0.59 Mil) to Jan. 2022 (C$-1.42 Mil) and declined from Jan. 2022 (C$-1.42 Mil) to Jan. 2023 (C$-2.48 Mil).


Volatus Capital Retained Earnings Historical Data

The historical data trend for Volatus Capital'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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Volatus Capital Retained Earnings Chart

Volatus Capital Annual Data
Trend Jan19 Jan20 Jan21 Jan22 Jan23
Retained Earnings
-0.06 -0.39 -0.59 -1.42 -2.48

Volatus Capital Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.00 -2.48 -2.54 -5.59 -8.32

Volatus Capital 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.


Volatus Capital  (XCNQ:VC) 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.


Volatus Capital (XCNQ:VC) Business Description

Traded in Other Exchanges
Address
733 Seymour Street, Suite 2900, PO Box 1, Vancouver Centre II, Vancouver, BC, CAN, V6B 0S6
Volatus Capital Corp is engaged in the business of acquiring and exploring mineral resource properties in Canada. The company holds an interest in the Sunset Copper Star Project and the Split Dome Copper Project. The Company has two operating segments: the exploration and evaluation assets in Canada and its investment in Leigh Creek Magnesite Proprietary Limited.
Executives
Martin Alexander Wurm 10% Security Holder

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