Kits Eyecare (TSX:KITS) Retained Earnings : C$-27.9 Mil (As of Mar. 2024)

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What is Kits Eyecare Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Kits Eyecare's retained earnings for the quarter that ended in Mar. 2024 was C$-27.9 Mil.

Kits Eyecare's quarterly retained earnings declined from Sep. 2023 (C$-27.4 Mil) to Dec. 2023 (C$-27.9 Mil) but then increased from Dec. 2023 (C$-27.9 Mil) to Mar. 2024 (C$-27.9 Mil).

Kits Eyecare's annual retained earnings declined from Dec. 2021 (C$-21.1 Mil) to Dec. 2022 (C$-25.7 Mil) and declined from Dec. 2022 (C$-25.7 Mil) to Dec. 2023 (C$-27.9 Mil).

Kits Eyecare Retained Earnings Historical Data

The historical data trend for Kits Eyecare'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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Kits Eyecare Retained Earnings Chart

Kits Eyecare Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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0.05

-6.53

-21.15

-25.70

-27.91

Kits Eyecare Quarterly Data
	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														-26.72	-27.90	-27.42	-27.91	-27.85

Kits Eyecare 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.

Kits Eyecare (TSX:KITS) 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.

Kits Eyecare (TSX:KITS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kits Eyecare Ltd (TSX:KITS) » Definitions » Retained Earnings

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Traded in Other Exchanges

KTYCF:USA 0P3:Germany

Address

510 Seymour Street, Suite 1020, Vancouver, BC, CAN, V6B 3J5

Website

https://www.kits.com

Kits Eyecare Ltd is a vertically integrated, digitally native eyecare platform that offers its customers access to a vast selection of the highest quality contact lenses and eyeglasses, including its own exclusive KITS-designed products, and a suite of online vision tools. It operates a network of optical e-commerce websites, including KITS.com, KITS.ca, OptiContacts.com, and ContactsExpress.ca. The company's contact lens partners include Alcon, Bausch & Lomb, CooperVision, and Johnson & Johnson, and its glasses partners include Gucci, Oakley, Prive Revaux, Ray-Ban, and Tom Ford, which enables it to offer its customers first class brands and products in eye care.

Executives

Robert Long

Senior Officer

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