GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Quantum Energy Corp (OTCPK:FLCX) » Definitions » Retained Earnings

Quantum Energy (Quantum Energy) Retained Earnings : $-62.28 Mil (As of Sep. 2023)


View and export this data going back to 2015. Start your Free Trial

What is Quantum Energy Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Quantum Energy's retained earnings for the quarter that ended in Sep. 2023 was $-62.28 Mil.

Quantum Energy's quarterly retained earnings declined from Mar. 2023 ($-57.11 Mil) to Jun. 2023 ($-57.13 Mil) and declined from Jun. 2023 ($-57.13 Mil) to Sep. 2023 ($-62.28 Mil).

Quantum Energy's annual retained earnings declined from Feb. 2020 ($-54.69 Mil) to Feb. 2021 ($-56.17 Mil) and declined from Feb. 2021 ($-56.17 Mil) to Feb. 2022 ($-57.00 Mil).


Quantum Energy Retained Earnings Historical Data

The historical data trend for Quantum Energy'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.

* Premium members only.

Quantum Energy Retained Earnings Chart

Quantum Energy Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22
Retained Earnings
Get a 7-Day Free Trial -50.16 -51.89 -54.69 -56.17 -57.00

Quantum Energy Quarterly Data
Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 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 -49.22 -55.92 -57.11 -57.13 -62.28

Quantum Energy 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.


Quantum Energy  (OTCPK:FLCX) 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.


Quantum Energy (Quantum Energy) Business Description

Traded in Other Exchanges
N/A
Address
1282 A Cornwall Road, Oakville, ON, CAN, L6J 7W5
FlooidCX Corp acts as an online complaint resolution platform for consumers and businesses. The company offers unified communications and collaboration in online CRM solutions - GripeVine and Resolution1. It offers a proprietary complaint-resolution platform for the facilitation and management of social customer service via centralized communication, rating, and review tools. The tools offered to reward reliable consumers and responsive businesses. Its platform includes the handling of ratings, reviews, complaint resolution statuses while offering data collection features such as scoring, polling, comments, voting, and credibility points.
Executives
Dennis M Danzik director, officer: CEO 14747 N. NORTHSIGHT BLVD, STE.111-218, SCOTTSDALE AZ 85260
Kifu Llc 10 percent owner 2505 ANTHEM VILLAGE DRIVE, SUITE E-334, HENDERSON NV 89052
William Westbrook director P.O. BOX 431, VERNON AZ 85940
Craig N Kitchen director 11201 N. TATUM BLVD.,, SUITE 110, SCOTTSDALE AZ 85028
Douglas Charles Bean 10 percent owner, other: shareholder 2728 CAROLINA BLUE AVE, HENDERSON NV 89052
Mark Vange director, officer: Chief Technical Officer 1282A CORNWALL ROAD, OAKVILLE A6 LGJ 7W5
Helen Bernardino director 1282A CORNWALL ROAD, OAKVILLE A6 L6J 7W5
Richard Hue 10 percent owner 1282A CORNWALL ROAD, OAKVILLE Z4 L6J 7W5