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iMining Technologies (FRA:P1A) Retained Earnings : €-8.84 Mil (As of Feb. 2022)


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What is iMining Technologies Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. iMining Technologies's retained earnings for the quarter that ended in Feb. 2022 was €-8.84 Mil.

iMining Technologies's quarterly retained earnings declined from Aug. 2021 (€-8.11 Mil) to Nov. 2021 (€-8.29 Mil) and declined from Nov. 2021 (€-8.29 Mil) to Feb. 2022 (€-8.84 Mil).

iMining Technologies's annual retained earnings declined from May. 2019 (€-5.57 Mil) to May. 2020 (€-6.07 Mil) and declined from May. 2020 (€-6.07 Mil) to May. 2021 (€-7.90 Mil).


iMining Technologies Retained Earnings Historical Data

The historical data trend for iMining 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.

* Premium members only.

iMining Technologies Retained Earnings Chart

iMining Technologies Annual Data
Trend May12 May13 May14 May15 May16 May17 May18 May19 May20 May21
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.06 -2.89 -5.57 -6.07 -7.90

iMining Technologies Quarterly Data
May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22
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 -6.17 -7.90 -8.11 -8.29 -8.84

iMining 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.


iMining Technologies  (FRA:P1A) 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.


iMining Technologies (FRA:P1A) Business Description

Traded in Other Exchanges
N/A
Address
750 - 580 Hornby Street, Vancouver, BC, CAN, V6C 3B6
iMining Technologies Inc is engaged in cryptocurrency and blockchain space by mining cryptocurrencies and providing infrastructure and power to its colocation clients. The company aims to give investors exposure to the digital currency revolution and blockchain space.

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