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Pangea Natural Foods (Pangea Natural Foods) Retained Earnings : $-2.36 Mil (As of Jan. 2024)


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What is Pangea Natural Foods Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Pangea Natural Foods's retained earnings for the quarter that ended in Jan. 2024 was $-2.36 Mil.

Pangea Natural Foods's quarterly retained earnings declined from Jul. 2023 ($-1.90 Mil) to Oct. 2023 ($-2.16 Mil) and declined from Oct. 2023 ($-2.16 Mil) to Jan. 2024 ($-2.36 Mil).

Pangea Natural Foods's annual retained earnings declined from Oct. 2021 ($-0.14 Mil) to Oct. 2022 ($-0.95 Mil) and declined from Oct. 2022 ($-0.95 Mil) to Oct. 2023 ($-2.16 Mil).


Pangea Natural Foods Retained Earnings Historical Data

The historical data trend for Pangea Natural Foods'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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Pangea Natural Foods Retained Earnings Chart

Pangea Natural Foods Annual Data
Trend Oct21 Oct22 Oct23
Retained Earnings
-0.14 -0.95 -2.16

Pangea Natural Foods Quarterly Data
Oct21 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Retained Earnings Get a 7-Day Free Trial Premium Member Only -1.24 -1.68 -1.90 -2.16 -2.36

Pangea Natural Foods 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.


Pangea Natural Foods  (OTCPK:PNGAF) 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.


Pangea Natural Foods (Pangea Natural Foods) Business Description

Traded in Other Exchanges
Address
8035 - 130th Street, Surrey, BC, CAN, V3W 0H7
Pangea Natural Foods Inc engages in the production and sale of plant-based patties. Pangea manufactures the plant-based patties at the Facility in the Vancouver lower mainland and sells the patties through multiple distribution channels including online sales platforms and retailers. The Company currently has one reportable operating segment, the manufacturing and distribution of food products in Canada.