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Loop Industries (FRA:3L9) Retained Earnings : €-164.05 Mil (As of Feb. 2024)


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What is Loop Industries Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Loop Industries's retained earnings for the quarter that ended in Feb. 2024 was €-164.05 Mil.

Loop Industries's quarterly retained earnings declined from Aug. 2023 (€-153.72 Mil) to Nov. 2023 (€-158.82 Mil) and declined from Nov. 2023 (€-158.82 Mil) to Feb. 2024 (€-164.05 Mil).

Loop Industries's annual retained earnings declined from Feb. 2022 (€-118.57 Mil) to Feb. 2023 (€-145.60 Mil) and declined from Feb. 2023 (€-145.60 Mil) to Feb. 2024 (€-164.05 Mil).


Loop Industries Retained Earnings Historical Data

The historical data trend for Loop Industries'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.

* Premium members only.

Loop Industries Retained Earnings Chart

Loop Industries Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -48.89 -74.15 -118.57 -145.60 -164.05

Loop Industries Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 -145.60 -149.85 -153.72 -158.82 -164.05

Loop Industries 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.


Loop Industries  (FRA:3L9) 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.


Loop Industries (FRA:3L9) Business Description

Traded in Other Exchanges
Address
480 Fernand-Poitras, Terrebonne, QC, CAN, J6Y 1Y4
Loop Industries Inc is a technology and licensing company whose mission is to accelerate the world's shift toward sustainable plastic and away from dependence on fossil fuels. The company owns patented and proprietary technology that depolymerizes no and low value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpet and polyester textile of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). Its monomers are filtered, purified and repolymerized to create virgin-quality Loop branded PET plastic resin and polyester fiber suitable for use in food-grade packaging to be sold to consumer goods companies to help them meet their sustainability objectives.

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