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Tornado Global Hydrovacs (Tornado Global Hydrovacs) Retained Earnings : $1.39 Mil (As of Mar. 2024)


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What is Tornado Global Hydrovacs Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Tornado Global Hydrovacs's retained earnings for the quarter that ended in Mar. 2024 was $1.39 Mil.

Tornado Global Hydrovacs's quarterly retained earnings increased from Sep. 2023 ($-3.78 Mil) to Dec. 2023 ($-0.41 Mil) and increased from Dec. 2023 ($-0.41 Mil) to Mar. 2024 ($1.39 Mil).

Tornado Global Hydrovacs's annual retained earnings increased from Dec. 2021 ($-8.08 Mil) to Dec. 2022 ($-5.81 Mil) and increased from Dec. 2022 ($-5.81 Mil) to Dec. 2023 ($-0.41 Mil).


Tornado Global Hydrovacs Retained Earnings Historical Data

The historical data trend for Tornado Global Hydrovacs'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.

Tornado Global Hydrovacs Retained Earnings Chart

Tornado Global Hydrovacs Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only -4.91 -5.57 -8.08 -5.81 -0.41

Tornado Global Hydrovacs Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -5.19 -4.56 -3.78 -0.41 1.39

Tornado Global Hydrovacs 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.


Tornado Global Hydrovacs  (OTCPK:TGHLF) 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.


Tornado Global Hydrovacs (Tornado Global Hydrovacs) Business Description

Traded in Other Exchanges
Address
7015 MacLeod Trail South West, Suite 510, Calgary, AB, CAN, T2H 2K6
Tornado Global Hydrovacs Ltd is a truck manufacturer. The company, through its subsidiaries, designs, fabricates, manufactures, and sells hydrovac trucks to excavation service providers in the municipal and oil and gas markets in North America and has expanded into China. It has two geographic operating segments, North American manufacturing and sales operations, and its China operation. The majority of its revenue is derived from the North American manufacturing segment.

Tornado Global Hydrovacs (Tornado Global Hydrovacs) Headlines

From GuruFocus

Tornado Global Hydrovacs Increases Operating Line

By GlobeNewswire GlobeNewswire 11-11-2022

Tornado Global Hydrovacs Announces Voting Results from AGM

By GlobeNewswire GlobeNewswire 12-02-2022

Tornado Global Hydrovacs Reports 2021 Results

By GlobeNewswire GlobeNewswire 04-29-2022

Tornado Global Hydrovacs Ltd.: Red Deer Facility Update

By GlobeNewswire GlobeNewswire 10-19-2020

Tornado Global Hydrovacs Purchases New Production Facility

By GlobeNewswire GlobeNewswire 02-03-2020

Tornado Global Hydrovacs Reports Second Quarter 2018 Results

By GlobeNewswire GlobeNewswire 08-23-2018