Jupiter Mines (ASX:JMS) Retained Earnings : A$91.75 Mil (As of Aug. 2023)

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What is Jupiter Mines Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Jupiter Mines's retained earnings for the quarter that ended in Aug. 2023 was A$91.75 Mil.

Jupiter Mines's quarterly retained earnings increased from Aug. 2022 (A$66.35 Mil) to Feb. 2023 (A$89.28 Mil) and increased from Feb. 2023 (A$89.28 Mil) to Aug. 2023 (A$91.75 Mil).

Jupiter Mines's annual retained earnings increased from Feb. 2021 (A$49.35 Mil) to Feb. 2022 (A$51.99 Mil) and increased from Feb. 2022 (A$51.99 Mil) to Feb. 2023 (A$89.28 Mil).

Jupiter Mines Retained Earnings Historical Data

The historical data trend for Jupiter Mines'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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Jupiter Mines Retained Earnings Chart

Jupiter Mines Annual Data

Trend

Aug17

Feb19

Feb20

Feb21

Feb22

Feb23

Retained Earnings

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-1.24

15.52

49.35

51.99

89.28

Jupiter Mines Semi-Annual Data
	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Retained Earnings	Get a 7-Day Free Trial						35.37	51.99	66.35	89.28	91.75

Jupiter Mines 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.

Jupiter Mines (ASX:JMS) 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.

Jupiter Mines (ASX:JMS) Business Description

Industry

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Address

220 St Georges Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.jupitermines.com

Jupiter Mines Ltd is a mining explorer and producer focusing on iron ore and manganese exploration and development projects in Western Australia and South Africa. Its core assets are Tshipi Manganese Project and Central Yilgarn Iron Projects.

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