Galena Mining (ASX:G1A) Retained Earnings : A$-25.16 Mil (As of Dec. 2022)

View and export this data going back to 2017. Start your Free Trial

What is Galena Mining Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Galena Mining's retained earnings for the quarter that ended in Dec. 2022 was A$-25.16 Mil.

Galena Mining's quarterly retained earnings declined from Dec. 2021 (A$-16.63 Mil) to Jun. 2022 (A$-20.89 Mil) and declined from Jun. 2022 (A$-20.89 Mil) to Dec. 2022 (A$-25.16 Mil).

Galena Mining's annual retained earnings declined from Jun. 2021 (A$-14.57 Mil) to Jun. 2022 (A$-20.89 Mil) and declined from Jun. 2022 (A$-20.89 Mil) to Jun. 2023 (A$-59.06 Mil).

Galena Mining Retained Earnings Historical Data

The historical data trend for Galena Mining'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.

Galena Mining Retained Earnings Chart

Galena Mining Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Retained Earnings

Get a 7-Day Free Trial

-4.98

-11.02

-14.57

-20.89

-59.06

Galena Mining Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Retained Earnings	Get a 7-Day Free Trial							-14.57	-16.63	-20.89	-25.16	-59.06

Galena Mining 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.

Galena Mining (ASX:G1A) 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.

Galena Mining (ASX:G1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Galena Mining Ltd (ASX:G1A) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

GM6:Germany

Address

1100 Hay Street, Level 2, PO Box 297, West Perth, Perth, WA, AUS, 6872

Website

https://www.galenamining.com.au

Galena Mining Ltd is engaged in the mining industry. It explores and develops base metals in Australia through the Abra base metal deposit project. The company's operating segment includes Abra Project; Exploration and Other Activities. It generates maximum revenue from the Abra Project segment.

Galena Mining (ASX:G1A) Headlines

No Headlines