Wescan Energy (TSXV:WCE) Retained Earnings : C$-14.54 Mil (As of Jun. 2024)

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What is Wescan Energy Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Wescan Energy's retained earnings for the quarter that ended in Jun. 2024 was C$-14.54 Mil.

Wescan Energy's quarterly retained earnings declined from Dec. 2023 (C$-14.27 Mil) to Mar. 2024 (C$-14.39 Mil) and declined from Mar. 2024 (C$-14.39 Mil) to Jun. 2024 (C$-14.54 Mil).

Wescan Energy's annual retained earnings declined from Mar. 2022 (C$-14.33 Mil) to Mar. 2023 (C$-14.62 Mil) but then increased from Mar. 2023 (C$-14.62 Mil) to Mar. 2024 (C$-14.39 Mil).

Wescan Energy Retained Earnings Historical Data

The historical data trend for Wescan Energy'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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Wescan Energy Retained Earnings Chart

Wescan Energy Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Retained Earnings

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-14.58

-14.15

-14.33

-14.62

-14.39

Wescan Energy Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Retained Earnings	Get a 7-Day Free Trial															-14.46	-14.46	-14.27	-14.39	-14.54

Wescan Energy 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.

Wescan Energy (TSXV:WCE) 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.

Wescan Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Wescan Energy Corp (TSXV:WCE) » Definitions » Retained Earnings

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Address

520 - 5th Avenue SW, Suite 2500, Calgary, AB, CAN, T2P 3R5

Website

https://www.wescanenergycorp.com

Wescan Energy Corp is in the business of oil and gas exploration, development and production with oil and gas operations and property interests in Alberta, Canada and Texas, U.S.A. It operates in a single reporting segment which is Oil and Gas Exploration and Production.

Executives

Shubham Garg	Director
Gregory Timothy John Busby	Director, Senior Officer
Leo Berezan	10% Security Holder
Alfredo Cu	Director

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