Wellbeing Digital Sciences (Wellbeing Digital Sciences) Retained Earnings : $-46.86 Mil (As of Apr. 2022)

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What is Wellbeing Digital Sciences Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Wellbeing Digital Sciences's retained earnings for the quarter that ended in Apr. 2022 was $-46.86 Mil.

Wellbeing Digital Sciences's quarterly retained earnings declined from Oct. 2021 ($-38.00 Mil) to Jan. 2022 ($-42.59 Mil) and declined from Jan. 2022 ($-42.59 Mil) to Apr. 2022 ($-46.86 Mil).

Wellbeing Digital Sciences's annual retained earnings increased from Jul. 2019 ($-5.21 Mil) to Jul. 2020 ($-4.22 Mil) but then declined from Jul. 2020 ($-4.22 Mil) to Jul. 2021 ($-30.01 Mil).

Wellbeing Digital Sciences Retained Earnings Historical Data

The historical data trend for Wellbeing Digital Sciences'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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Wellbeing Digital Sciences Retained Earnings Chart

Wellbeing Digital Sciences Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Retained Earnings

-0.02

-0.24

-5.21

-4.22

-30.01

Wellbeing Digital Sciences Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22
Retained Earnings	Get a 7-Day Free Trial														-8.48	-30.01	-38.00	-42.59	-46.86

Wellbeing Digital Sciences 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.

Wellbeing Digital Sciences (OTCPK:KONEF) 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.

Wellbeing Digital Sciences (Wellbeing Digital Sciences) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Wellbeing Digital Sciences Inc (OTCPK:KONEF) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

275 Dundas Street, Unit A1605, London, ON, CAN, N6B 3L1

Website

https://www.wellbeingdigital.co

Wellbeing Digital Sciences Inc is a next-generation wellness company focused on ketamine-assisted therapy and psychedelic medicines. It operates healthcare clinics across North America, helping clients access plant medicines, psychedelics, and mental health care that have the potential to heal them of their physical or emotional pain.