Mullen Group (TSX:MTL) Retained Earnings : C$148 Mil (As of Mar. 2024)

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What is Mullen Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Mullen Group's retained earnings for the quarter that ended in Mar. 2024 was C$148 Mil.

Mullen Group's quarterly retained earnings increased from Sep. 2023 (C$130 Mil) to Dec. 2023 (C$142 Mil) and increased from Dec. 2023 (C$142 Mil) to Mar. 2024 (C$148 Mil).

Mullen Group's annual retained earnings increased from Dec. 2021 (C$2 Mil) to Dec. 2022 (C$98 Mil) and increased from Dec. 2022 (C$98 Mil) to Dec. 2023 (C$142 Mil).

Mullen Group Retained Earnings Historical Data

The historical data trend for Mullen Group'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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Mullen Group Retained Earnings Chart

Mullen Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-54.97

-24.16

2.27

97.53

142.07

Mullen Group 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															96.08	108.40	130.41	142.07	148.23

Mullen Group 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.

Mullen Group (TSX:MTL) 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.

Mullen Group (TSX:MTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Mullen Group Ltd (TSX:MTL) » Definitions » Retained Earnings

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MLLGF:USA 9MU:Germany

Address

121A - 31 Southridge Drive, Okotoks, AB, CAN, T1S 2N3

Website

https://www.mullen-group.com

Mullen Group Ltd is a logistics provider with a network of independently operated businesses providing a wide range of service offerings including less-than-truckload, truckload, Specialized & Industrial Services warehousing and logistics, U..S. and International Logistics, and Corporate. The company also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.

Executives

Joanna Kathryn Scott

Senior Officer