Northstar Clean Technologies (TSXV:ROOF) Retained Earnings : C$-32.87 Mil (As of Dec. 2023)

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What is Northstar Clean Technologies Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Northstar Clean Technologies's retained earnings for the quarter that ended in Dec. 2023 was C$-32.87 Mil.

Northstar Clean Technologies's quarterly retained earnings declined from Jun. 2023 (C$-29.58 Mil) to Sep. 2023 (C$-30.98 Mil) and declined from Sep. 2023 (C$-30.98 Mil) to Dec. 2023 (C$-32.87 Mil).

Northstar Clean Technologies's annual retained earnings declined from Dec. 2021 (C$-18.00 Mil) to Dec. 2022 (C$-26.20 Mil) and declined from Dec. 2022 (C$-26.20 Mil) to Dec. 2023 (C$-32.87 Mil).

Northstar Clean Technologies Retained Earnings Historical Data

The historical data trend for Northstar Clean Technologies'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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Northstar Clean Technologies Retained Earnings Chart

Northstar Clean Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Retained Earnings

-10.79

-18.00

-26.20

-32.87

Northstar Clean Technologies Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial										-26.20	-27.89	-29.58	-30.98	-32.87

Northstar Clean Technologies 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.

Northstar Clean Technologies (TSXV:ROOF) 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.

Northstar Clean Technologies (TSXV:ROOF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Northstar Clean Technologies Inc (TSXV:ROOF) » Definitions » Retained Earnings

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Traded in Other Exchanges

ROOOF:USA

Address

7046 Brown Street, Delta, BC, CAN, V4G 1G8

Website

https://www.northstarcleantech.com

Northstar Clean Technologies Inc is engaged in the commercialization of proprietary process technology for the recycling of asphalt shingles and the extraction and recovery of asphalt cement, fiberglass/felt and mineral aggregates to be sold and used in asphalt pavement, shingle manufacturing, construction products, and other industrial applications. The Company currently operates in one business segment in Canada, being the repurposing and reprocessing of asphalt shingles.

Executives

James Corey Borkowski	Director
Kellie Johnston	Senior Officer
James A. Currie	Director, Senior Officer
Aidan Mills	Senior Officer
Rosemary Pritchard	Senior Officer