The Planting Hope Co (TSXV:MYLK) Retained Earnings : C$-60.82 Mil (As of Sep. 2023)

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What is The Planting Hope Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. The Planting Hope Co's retained earnings for the quarter that ended in Sep. 2023 was C$-60.82 Mil.

The Planting Hope Co's quarterly retained earnings increased from Dec. 2022 (C$-51.03 Mil) to Jun. 2023 (C$0.00 Mil) but then declined from Jun. 2023 (C$0.00 Mil) to Sep. 2023 (C$-60.82 Mil).

The Planting Hope Co's annual retained earnings increased from . 20 (C$0.00 Mil) to Dec. 2021 (C$-38.09 Mil) but then declined from Dec. 2021 (C$-38.09 Mil) to Dec. 2022 (C$-51.03 Mil).

The Planting Hope Co Retained Earnings Historical Data

The historical data trend for The Planting Hope Co'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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The Planting Hope Co Retained Earnings Chart

The Planting Hope Co Annual Data

Trend

Dec21

Dec22

Retained Earnings

-38.09

-51.03

The Planting Hope Co Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Retained Earnings	Get a 7-Day Free Trial					-37.55	-45.78	-51.03	-	-60.82

The Planting Hope Co 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.

The Planting Hope Co (TSXV:MYLK) 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.

The Planting Hope Co (TSXV:MYLK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Planting Hope Co Inc (TSXV:MYLK) » Definitions » Retained Earnings

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Traded in Other Exchanges

MYLKF:USA J94:Germany

Address

725 Granville Street, Suite 400, Vancouver, BC, CAN, V7Y 1G5

Website

https://www.plantinghopecompany.com

The Planting Hope Co Inc develops, launches, and scales plant-based, nutritious, and planet-friendly food and beverage brands across the United States and Canada. The company's products fill key unmet needs in the skyrocketing plant-based food and beverage space. It focuses on nutrition, sustainability, and diversity, with an ongoing mission. Its brands include Hope and Sesame sesame milk, a sustainable dairy alternative that is nutritionally comparable to dairy milk; Mozaics real veggie chips, a popped alternative to fried potato chips featuring visible peas and beans as principal ingredients; Veggicopia single-serving plant-based dips cups and snack olives that have extended shelf-life, require no refrigeration and lowers the carbon footprint.

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