1933 Industries (XCNQ:TGIF) Retained Earnings : C$-96.99 Mil (As of Jan. 2024)

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What is 1933 Industries Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. 1933 Industries's retained earnings for the quarter that ended in Jan. 2024 was C$-96.99 Mil.

1933 Industries's quarterly retained earnings declined from Jul. 2023 (C$-95.82 Mil) to Oct. 2023 (C$-96.18 Mil) and declined from Oct. 2023 (C$-96.18 Mil) to Jan. 2024 (C$-96.99 Mil).

1933 Industries's annual retained earnings declined from Jul. 2021 (C$-64.65 Mil) to Jul. 2022 (C$-82.46 Mil) and declined from Jul. 2022 (C$-82.46 Mil) to Jul. 2023 (C$-95.82 Mil).

1933 Industries Retained Earnings Historical Data

The historical data trend for 1933 Industries'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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1933 Industries Retained Earnings Chart

1933 Industries Annual Data

Trend

Dec14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Retained Earnings

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-36.31

-58.00

-64.65

-82.46

-95.82

1933 Industries 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															-83.92	-87.05	-95.82	-96.18	-96.99

1933 Industries 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.

1933 Industries (XCNQ:TGIF) 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.

1933 Industries (XCNQ:TGIF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » 1933 Industries Inc (XCNQ:TGIF) » Definitions » Retained Earnings

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TGIFF:USA

Address

1055 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6E 2E9

Website

https://www.1933industries.com

1933 Industries Inc is a vertically integrated cannabis company. The company is focused on the cultivation and manufacturing of cannabis consumer-branded goods. The Company operates in three segments, referred to as AMA, Infused MFG, and Corporate. AMA is focused on the cultivation and sale of medical and adult-use cannabis products, and Infused MFG is focused on the manufacturing of hemp-derived CBD products. The majority of revenue is generated from the AMA segment. The operations of AMA and Infused MFG are located in the United States. All revenues are earned in the United States.

Executives

Curtis Floyd

Director