iFabric (TSX:IFA) Retained Earnings : C$5.89 Mil (As of Jun. 2023)

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What is iFabric Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. iFabric's retained earnings for the quarter that ended in Jun. 2023 was C$5.89 Mil.

iFabric's quarterly retained earnings increased from Dec. 2022 (C$5.29 Mil) to Mar. 2023 (C$5.76 Mil) and increased from Mar. 2023 (C$5.76 Mil) to Jun. 2023 (C$5.89 Mil).

iFabric's annual retained earnings declined from Sep. 2019 (C$3.86 Mil) to Sep. 2020 (C$3.24 Mil) but then increased from Sep. 2020 (C$3.24 Mil) to Sep. 2021 (C$5.61 Mil).

iFabric Retained Earnings Historical Data

The historical data trend for iFabric'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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iFabric Retained Earnings Chart

iFabric Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Retained Earnings

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4.39

5.32

3.86

3.24

5.61

iFabric Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Retained Earnings	Get a 7-Day Free Trial															5.45	5.16	5.29	5.76	5.89

iFabric 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.

iFabric (TSX:IFA) 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.

iFabric (TSX:IFA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » iFabric Corp (TSX:IFA) » Definitions » Retained Earnings

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IFABF:USA

Address

525 Denison Street, Unit 1, Markham, ON, CAN, L3R 1B8

Website

https://www.ifabriccorp.com

iFabric Corp is engaged in the business of women's intimate apparel. It has three business segments. The Intimate apparel segment is involved in the design and distribution of women's intimate apparel, and accessories. Its Intelligent fabric segment develops and distributes innovative products and treatments that are suitable for application to textiles, plastics, liquids, and hard surfaces as well as finished performance apparel. The other segment engages in the leasing of property to group companies, related parties, and third parties. Its geographical segments include Canada, United States, United Kingdom, and Southeast Asia & others. The company derives the majority of its revenue from the Intimate apparel segment and its geographical location of Canada.

Executives

Mark Cochran

Director

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