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CubicFarm Systems (CubicFarm Systems) Retained Earnings : $-96.69 Mil (As of Sep. 2023)


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What is CubicFarm Systems Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. CubicFarm Systems's retained earnings for the quarter that ended in Sep. 2023 was $-96.69 Mil.

CubicFarm Systems's quarterly retained earnings declined from Mar. 2023 ($-91.06 Mil) to Jun. 2023 ($-96.80 Mil) but then increased from Jun. 2023 ($-96.80 Mil) to Sep. 2023 ($-96.69 Mil).

CubicFarm Systems's annual retained earnings declined from Jun. 2020 ($-14.81 Mil) to Dec. 2021 ($-46.53 Mil) and declined from Dec. 2021 ($-46.53 Mil) to Dec. 2022 ($-88.28 Mil).


CubicFarm Systems Retained Earnings Historical Data

The historical data trend for CubicFarm Systems'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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CubicFarm Systems Retained Earnings Chart

CubicFarm Systems Annual Data
Trend Jun18 Jun19 Jun20 Dec21 Dec22
Retained Earnings
-1.79 -7.51 -14.81 -46.53 -88.28

CubicFarm Systems Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 Premium Member Only Premium Member Only -67.53 -88.28 -91.06 -96.80 -96.69

CubicFarm Systems 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.


CubicFarm Systems  (OTCPK:CUBXF) 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.


CubicFarm Systems (CubicFarm Systems) Business Description

Traded in Other Exchanges
Address
7170 Glover Road, Langley, BC, CAN, V2Y 2R1
CubicFarm Systems Corp is an ag-tech company providing automated growing systems for fresh produce and animal feed using HydroGreen Nutrition Technology. It offers turnkey, commercial scale, hydroponic, localized food supply solution automated controlled-environment growing systems that can grow predictably and sustainably anywhere on earth. The company enables its customers to grow locally and to provide their markets with safe, sustainable, secure, and fresh ingredients that are consistent in color, size, taste, and nutrition and allows for longer shelf life. The Company has patented technology for auto harvesting and processing methods for growing leafy greens and other crops onsite, indoors, all year round.

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