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Ascend Wellness Holdings (XCNQ:AAWH.U) Retained Earnings : $-333.5 Mil (As of Mar. 2024)


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What is Ascend Wellness Holdings Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Ascend Wellness Holdings's retained earnings for the quarter that ended in Mar. 2024 was $-333.5 Mil.

Ascend Wellness Holdings's quarterly retained earnings declined from Sep. 2023 ($-296.0 Mil) to Dec. 2023 ($-315.4 Mil) and declined from Dec. 2023 ($-315.4 Mil) to Mar. 2024 ($-333.5 Mil).

Ascend Wellness Holdings's annual retained earnings declined from Dec. 2021 ($-186.2 Mil) to Dec. 2022 ($-267.1 Mil) and declined from Dec. 2022 ($-267.1 Mil) to Dec. 2023 ($-315.4 Mil).


Ascend Wellness Holdings Retained Earnings Historical Data

The historical data trend for Ascend Wellness Holdings'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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Ascend Wellness Holdings Retained Earnings Chart

Ascend Wellness Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
- -63.59 -186.25 -267.15 -315.36

Ascend Wellness Holdings Quarterly Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -285.62 -284.78 -296.02 -315.36 -333.53

Ascend Wellness Holdings 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.


Ascend Wellness Holdings  (XCNQ:AAWH.U) 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.


Ascend Wellness Holdings (XCNQ:AAWH.U) Business Description

Traded in Other Exchanges
Address
1411 Broadway, 16th Floor, New York, NY, USA, 10018
Ascend Wellness Holdings Inc is a vertically integrated multi-state operator focused on adult-use or near-term adult-use cannabis states in limited license markets. The company's core business is the cultivation, manufacturing, and distribution of cannabis consumer packaged goods, which it sells through company-owned retail stores and third-party licensed cannabis retail stores. It generates maximum revenue from the retail product segment.

Ascend Wellness Holdings (XCNQ:AAWH.U) Headlines

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