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Cannabis Bioscience International Holdings (Cannabis Bioscience International Holdings) Retained Earnings : $-4.99 Mil (As of Nov. 2023)


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What is Cannabis Bioscience International Holdings Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Cannabis Bioscience International Holdings's retained earnings for the quarter that ended in Nov. 2023 was $-4.99 Mil.

Cannabis Bioscience International Holdings's quarterly retained earnings declined from Nov. 2011 ($19.69 Mil) to Nov. 2022 ($0.00 Mil) and declined from Nov. 2022 ($0.00 Mil) to Nov. 2023 ($-4.99 Mil).

Cannabis Bioscience International Holdings's annual retained earnings declined from May. 2009 ($17.76 Mil) to May. 2010 ($4.32 Mil) but then increased from May. 2010 ($4.32 Mil) to May. 2011 ($14.78 Mil).


Cannabis Bioscience International Holdings Retained Earnings Historical Data

The historical data trend for Cannabis Bioscience International Holdings'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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Cannabis Bioscience International Holdings Retained Earnings Chart

Cannabis Bioscience International Holdings Annual Data
Trend Dec06 Dec07 May09 May10 May11
Retained Earnings
-0.02 -0.08 17.76 4.32 14.78

Cannabis Bioscience International Holdings Semi-Annual Data
Dec06 Jun07 Dec07 Jun08 May09 Nov09 May10 Nov10 May11 Nov11 Nov22 Nov23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.18 14.78 19.69 - -4.99

Cannabis Bioscience International Holdings 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.


Cannabis Bioscience International Holdings  (OTCPK:CBIH) 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.


Cannabis Bioscience International Holdings (Cannabis Bioscience International Holdings) Business Description

Traded in Other Exchanges
N/A
Address
6201 Bonhomme Road, Suite 466S, Houston, TX, USA, 77036
Cannabis Bioscience International Holdings Inc is engaged in providing educational systems relating to cannabis and services in therapeutic areas. of clinical trials and services relating to sleep disorders through its sleep center in Houston, Texas. The Company generates revenue from multiple streams, namely, clinical trials, consulting fees, video courses, seminars, royalties, and merchandise sales. The company generates the majority of its revenue from clinical trials.