Progressive Planet Solutions (TSXV:PLAN) Retained Earnings : C$-23.35 Mil (As of Jan. 2024)

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What is Progressive Planet Solutions Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Progressive Planet Solutions's retained earnings for the quarter that ended in Jan. 2024 was C$-23.35 Mil.

Progressive Planet Solutions's quarterly retained earnings declined from Jul. 2023 (C$-23.52 Mil) to Oct. 2023 (C$-23.70 Mil) but then increased from Oct. 2023 (C$-23.70 Mil) to Jan. 2024 (C$-23.35 Mil).

Progressive Planet Solutions's annual retained earnings declined from Apr. 2021 (C$-18.58 Mil) to Apr. 2022 (C$-21.87 Mil) and declined from Apr. 2022 (C$-21.87 Mil) to Apr. 2023 (C$-23.03 Mil).

Progressive Planet Solutions Retained Earnings Historical Data

The historical data trend for Progressive Planet Solutions'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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Progressive Planet Solutions Retained Earnings Chart

Progressive Planet Solutions Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Retained Earnings

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-14.47

-16.19

-18.58

-21.87

-23.03

Progressive Planet Solutions Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Retained Earnings	Get a 7-Day Free Trial															-22.71	-23.03	-23.52	-23.70	-23.35

Progressive Planet Solutions 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.

Progressive Planet Solutions (TSXV:PLAN) 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.

Progressive Planet Solutions (TSXV:PLAN) Business Description

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Address

724 East Sarcee Street, Kamloops, BC, CAN, V2H 1E7

Website

https://www.progressiveplanet.ca

Progressive Planet Solutions Inc is a leader in supplying solutions for a livable planet by developing low-carbon, pozzolan-based, cementing products that replace equivalent amounts of Portland Cement and fly ash in concrete. Progressive Planet operates its flagship Z1 Natural Pozzolan Quarry in Cache Creek, British Columbia, and is earning a 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC, and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and U.S. markets.

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