1606 (CBDW) Retained Earnings : $-2.71 Mil (As of Mar. 2024)

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What is 1606 Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. 1606's retained earnings for the quarter that ended in Mar. 2024 was $-2.71 Mil.

1606's quarterly retained earnings declined from Sep. 2023 ($-2.05 Mil) to Dec. 2023 ($-2.42 Mil) and declined from Dec. 2023 ($-2.42 Mil) to Mar. 2024 ($-2.71 Mil).

1606's annual retained earnings declined from Dec. 2021 ($-0.30 Mil) to Dec. 2022 ($-0.84 Mil) and declined from Dec. 2022 ($-0.84 Mil) to Dec. 2023 ($-2.42 Mil).

1606 Retained Earnings Historical Data

The historical data trend for 1606'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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1606 Retained Earnings Chart

1606 Annual Data

Trend

Dec21

Dec22

Dec23

Retained Earnings

-0.30

-0.84

-2.42

1606 Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial					-1.07	-1.54	-2.05	-2.42	-2.71

1606 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.

1606 (OTCPK:CBDW) 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.

1606 (CBDW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » 1606 Corp (OTCPK:CBDW) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

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Address

2425 E. Camelback Road, Suite 150, Phoenix, AZ, USA, 85016

Website

https://cbd.inc

1606 Corp offers nicotine-free and tobacco-free alternatives to traditional cigarettes and vaping products. Its products are manufactured with a blend of all-natural ingredients to provide smokers aged 21+ an alternative to traditional cigarettes that do not contain nicotine or tobacco and promote health benefits such as pain management, reduced anxiety, and enhance wakefulness. Smokable hemp is a Company Product That is an alternative for customers that currently smoke or want to quit smoking nicotine.