IOU Financial (TSXV:IOU) Retained Earnings : C$-21.79 Mil (As of Jun. 2023)

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What is IOU Financial Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. IOU Financial's retained earnings for the quarter that ended in Jun. 2023 was C$-21.79 Mil.

IOU Financial's quarterly retained earnings declined from Dec. 2022 (C$-19.86 Mil) to Mar. 2023 (C$-21.35 Mil) and declined from Mar. 2023 (C$-21.35 Mil) to Jun. 2023 (C$-21.79 Mil).

IOU Financial's annual retained earnings increased from Dec. 2020 (C$-23.62 Mil) to Dec. 2021 (C$-19.90 Mil) and increased from Dec. 2021 (C$-19.90 Mil) to Dec. 2022 (C$-19.86 Mil).

IOU Financial Retained Earnings Historical Data

The historical data trend for IOU Financial'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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IOU Financial Retained Earnings Chart

IOU Financial Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Retained Earnings

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-21.92

-20.39

-23.62

-19.90

-19.86

IOU Financial 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															-17.86	-17.21	-19.86	-21.35	-21.79

IOU Financial 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.

IOU Financial (TSXV:IOU) 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.

IOU Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » IOU Financial Inc (TSXV:IOU) » Definitions » Retained Earnings

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Address

1 Place Ville-Marie, Suite 1670, Montreal, QC, CAN, H3B 2B6

Website

https://www.ioufinancial.com

IOU Financial Inc is a Canada-based company principally engaged in the commercial lending business. It provides capital to small businesses for growth opportunities. The customers of the company are medical and dental practices, grocery and retail stores, restaurant and hotel franchisees, and e-commerce companies. Its lending activity originates and retains loans as part of its loans receivable portfolio. The company services loans that have been sold to third-party purchasers on a non-recourse basis in exchange for a servicing fee.

Executives

Robert Gloer	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Madeline Angie Wade	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

IOU Financial Headlines

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