Lotus Ventures (XCNQ:J) Retained Earnings : C$-12.61 Mil (As of Aug. 2023)

View and export this data going back to 2010. Start your Free Trial

What is Lotus Ventures Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Lotus Ventures's retained earnings for the quarter that ended in Aug. 2023 was C$-12.61 Mil.

Lotus Ventures's quarterly retained earnings declined from Feb. 2023 (C$-11.63 Mil) to May. 2023 (C$-11.97 Mil) and declined from May. 2023 (C$-11.97 Mil) to Aug. 2023 (C$-12.61 Mil).

Lotus Ventures's annual retained earnings increased from Aug. 2020 (C$-6.18 Mil) to Aug. 2021 (C$-5.94 Mil) but then declined from Aug. 2021 (C$-5.94 Mil) to Aug. 2022 (C$-10.73 Mil).

Lotus Ventures Retained Earnings Historical Data

The historical data trend for Lotus Ventures'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.

* Premium members only.

Lotus Ventures Retained Earnings Chart

Lotus Ventures Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Retained Earnings

Get a 7-Day Free Trial

-4.76

-7.68

-6.18

-5.94

-10.73

Lotus Ventures Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Retained Earnings	Get a 7-Day Free Trial															-10.73	-11.50	-11.63	-11.97	-12.61

Lotus Ventures 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.

Lotus Ventures (XCNQ:J) 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.

Lotus Ventures (XCNQ:J) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Lotus Ventures Inc (XCNQ:J) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

LV9:Germany

Address

1030 West Georgia Street, Suite 1010, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.lotuscannabis.ca

Lotus Ventures Inc is a licensed cannabis producer that serves customers in Canada. The company created a purpose-built facility with proprietary standard operating procedures to reliably produce rare and high-quality strains of cannabis for consumers looking for a consistent experience.

Executives

Gary Kenneth Mathiesen

Senior Officer