Personas Socialorporated (TSXV:PRSN) Retained Earnings : C$-39.08 Mil (As of Dec. 2023)

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What is Personas Socialorporated Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Personas Socialorporated's retained earnings for the quarter that ended in Dec. 2023 was C$-39.08 Mil.

Personas Socialorporated's quarterly retained earnings declined from Mar. 2023 (C$-38.81 Mil) to Sep. 2023 (C$-38.93 Mil) and declined from Sep. 2023 (C$-38.93 Mil) to Dec. 2023 (C$-39.08 Mil).

Personas Socialorporated's annual retained earnings increased from Dec. 2021 (C$-39.37 Mil) to Dec. 2022 (C$-38.95 Mil) but then declined from Dec. 2022 (C$-38.95 Mil) to Dec. 2023 (C$-39.08 Mil).

Personas Socialorporated Retained Earnings Historical Data

The historical data trend for Personas Socialorporated'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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Personas Socialorporated Retained Earnings Chart

Personas Socialorporated Annual Data

Trend

May13

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Dec21

Dec22

Dec23

Retained Earnings

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-30.91

-34.54

-39.37

-38.95

-39.08

Personas Socialorporated Quarterly Data
	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-39.02	-38.95	-38.81	-38.93	-39.08

Personas Socialorporated 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.

Personas Socialorporated (TSXV:PRSN) 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.

Personas Socialorporated (TSXV:PRSN) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Personas Social Incorporated (TSXV:PRSN) » Definitions » Retained Earnings

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PRSNF:USA 3PP1:Germany

Address

1 Yonge Street, Floor 18, Toronto, ON, CAN, M5E 1W7

Website

https://www.personas.com

Personas Social Incorporated is a Canada-based company engaged in the business of offering live video conferencing technology, live streaming, social media products and services for use by consumers and businesses, with a focus on mobile (iOS and Android) products. It focuses on providing social commerce-enabled products which allow for a monetizable user experience to all users, consumers and businesses alike. The company accomplishes this by offering products which are complete with enterprise-grade e-commerce infrastructure including multi-currency, multi-lingual, turnkey mobile commerce suites for users.

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