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Omnia Wellness (Omnia Wellness) Retained Earnings : $-12.23 Mil (As of Sep. 2022)


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What is Omnia Wellness Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Omnia Wellness's retained earnings for the quarter that ended in Sep. 2022 was $-12.23 Mil.

Omnia Wellness's quarterly retained earnings declined from Mar. 2022 ($-11.01 Mil) to Jun. 2022 ($-11.59 Mil) and declined from Jun. 2022 ($-11.59 Mil) to Sep. 2022 ($-12.23 Mil).

Omnia Wellness's annual retained earnings declined from Mar. 2020 ($-0.08 Mil) to Mar. 2021 ($-5.49 Mil) and declined from Mar. 2021 ($-5.49 Mil) to Mar. 2022 ($-11.01 Mil).


Omnia Wellness Retained Earnings Historical Data

The historical data trend for Omnia Wellness'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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Omnia Wellness Retained Earnings Chart

Omnia Wellness Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Retained Earnings
Get a 7-Day Free Trial -0.03 -0.04 -0.08 -5.49 -11.01

Omnia Wellness Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 -7.43 -8.20 -11.01 -11.59 -12.23

Omnia Wellness 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.


Omnia Wellness  (OTCPK:OMWS) 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.


Omnia Wellness (Omnia Wellness) Business Description

Traded in Other Exchanges
N/A
Address
999 18th Street, Suite 3000, Denver, CO, USA, 80202
Omnia Wellness Inc Endo-Kinetic treatment provides a dynamic and effective full-body treatment to help soothe the body from pain, stress and exercise. Through SolaJet, AquaVive, SolaPro and Bodystop brands, the company is delivering wellness and value to users and professionals across the United States. Its flagship proprietary SolaJet Dry-Hydrotherapy System produces deep tissue penetration combined with therapeutic heat and sequential compression that combines three therapies in one to deliver the feeling of an hour-long traditional massage in as little as 15 minutes at an affordable price point for the user.