GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Antioquia Gold Inc (OTCPK:AGDXF) » Definitions » Retained Earnings

Antioquia Gold (Antioquia Gold) Retained Earnings : $-65.50 Mil (As of Sep. 2023)


View and export this data going back to 2009. Start your Free Trial

What is Antioquia Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Antioquia Gold's retained earnings for the quarter that ended in Sep. 2023 was $-65.50 Mil.

Antioquia Gold's quarterly retained earnings declined from Mar. 2023 ($-55.26 Mil) to Jun. 2023 ($-61.15 Mil) and declined from Jun. 2023 ($-61.15 Mil) to Sep. 2023 ($-65.50 Mil).

Antioquia Gold's annual retained earnings declined from Dec. 2020 ($-48.20 Mil) to Dec. 2021 ($-52.42 Mil) and declined from Dec. 2021 ($-52.42 Mil) to Dec. 2022 ($-55.44 Mil).


Antioquia Gold Retained Earnings Historical Data

The historical data trend for Antioquia Gold'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.

Antioquia Gold Retained Earnings Chart

Antioquia Gold Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -29.06 -42.60 -48.20 -52.42 -55.44

Antioquia Gold Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -50.79 -55.44 -55.26 -61.15 -65.50

Antioquia Gold 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.


Antioquia Gold  (OTCPK:AGDXF) 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.


Antioquia Gold (Antioquia Gold) Business Description

Traded in Other Exchanges
N/A
Address
2 Toronto Street, Suite 106, Toronto, ON, CAN, M5C 2B5
Antioquia Gold Inc is a Canada-based mineral exploration and development company. It is engaged in the acquisition, exploration, evaluation, and development of mineral resource properties in Colombia. The company's project includes the Cisneros project. The project covers approximately 5,630 hectares and is located in the central portion of the department of Antioquia, about 80 kilometers northeast of Medellin. The Company has one operating and reporting segment in mining which operates in one geographic area - Colombia and is listed in Canada.

Antioquia Gold (Antioquia Gold) Headlines

No Headlines