Amfil Technologies (Amfil Technologies) Retained Earnings : $-19.69 Mil (As of Jun. 2023)

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What is Amfil Technologies Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Amfil Technologies's retained earnings for the quarter that ended in Jun. 2023 was $-19.69 Mil.

Amfil Technologies's quarterly retained earnings declined from Jun. 2018 ($-9.00 Mil) to Jun. 2022 ($-18.95 Mil) and declined from Jun. 2022 ($-18.95 Mil) to Jun. 2023 ($-19.69 Mil).

Amfil Technologies's annual retained earnings declined from Jun. 2018 ($-9.00 Mil) to Jun. 2022 ($-18.95 Mil) and declined from Jun. 2022 ($-18.95 Mil) to Jun. 2023 ($-19.69 Mil).

Amfil Technologies Retained Earnings Historical Data

The historical data trend for Amfil Technologies'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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Amfil Technologies Retained Earnings Chart

Amfil Technologies Annual Data

Trend

Jun03

Jun04

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun22

Jun23

Retained Earnings

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-1.42

-2.89

-9.00

-18.95

-19.69

Amfil Technologies Semi-Annual Data
	Jun99	Jun00	Jun01	Jun02	Jun03	Jun04	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun22	Jun23
Retained Earnings	Get a 7-Day Free Trial									-1.42	-2.89	-9.00	-18.95	-19.69

Amfil Technologies 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.

Amfil Technologies (OTCPK:FUNN) 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.

Amfil Technologies (Amfil Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Amfil Technologies Inc (OTCPK:FUNN) » Definitions » Retained Earnings

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Address

600 Bloor St W, Toronto, ON, CAN, M6G 1K4

Website

https://www.amfiltech.com

Amfil Technologies Inc is engaged in the acquisition of mid-sized companies and optimizing their operations. The company through its subsidiaries is engaged in the operation of board game-themed bars and cafes in Canada and the United States; it provides hardscape, landscape & home improvement construction services such as Driveways, Fencing, Painting, Winter Services, Demolition, & other services; and it is also engaged in providing of triple function sanitization unit capable of eliminating 99.9% of water and airborne pathogens and the typically problematic pests that wreak havoc for cultivators like aphids, whiteflies, and spider mites, as well as bacteria, fungus, microbes and mold on surfaces, all without chemicals.

Executives

Roger Francis Mortimer

director, 10 percent owner, officer: President

220 HIGHWAY 7, LOCUST HILL A6 L0H1J0