Direct Nickel (ASX:DIR) Retained Earnings : A$-33.81 Mil (As of Dec. 2014)

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What is Direct Nickel Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Direct Nickel's retained earnings for the quarter that ended in Dec. 2014 was A$-33.81 Mil.

Direct Nickel's quarterly retained earnings declined from Dec. 2013 (A$-32.32 Mil) to Jun. 2014 (A$-34.70 Mil) but then increased from Jun. 2014 (A$-34.70 Mil) to Dec. 2014 (A$-33.81 Mil).

Direct Nickel's annual retained earnings declined from Jun. 2012 (A$-1.10 Mil) to Jun. 2013 (A$-26.75 Mil) and declined from Jun. 2013 (A$-26.75 Mil) to Jun. 2014 (A$-34.70 Mil).

Direct Nickel Retained Earnings Historical Data

The historical data trend for Direct Nickel'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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Direct Nickel Retained Earnings Chart

Direct Nickel Annual Data

Trend

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Retained Earnings

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-79.58

-79.76

-1.10

-26.75

-34.70

Direct Nickel Semi-Annual Data
	Jun04	Dec04	Jun05	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14
Retained Earnings	Get a 7-Day Free Trial															-22.33	-26.75	-32.32	-34.70	-33.81

Direct Nickel 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.

Direct Nickel (ASX:DIR) 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.

Direct Nickel (ASX:DIR) Business Description

Industry

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Address

Website

http://www.directnickel.com

Direct Nickel Ltd is incorporated and domiciled in Australia. The Company is engaged in the research and development of nickel processing technology within the Oceania region. The Company has operations in Sydney and Perth. It also operates in Indonesia through its subsidiary, PT Direct Nickel with offices in Jakarta and has a 50% interest in a laterite deposit in Papua New Guinea.

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