GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quebec Precious Metals Corp (OTCPK:CJCFF) » Definitions » Retained Earnings

Quebec Precious Metals (Quebec Precious Metals) Retained Earnings : $-40.20 Mil (As of Oct. 2023)


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

What is Quebec Precious Metals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Quebec Precious Metals's retained earnings for the quarter that ended in Oct. 2023 was $-40.20 Mil.

Quebec Precious Metals's quarterly retained earnings declined from Apr. 2023 ($-39.67 Mil) to Jul. 2023 ($-40.64 Mil) but then increased from Jul. 2023 ($-40.64 Mil) to Oct. 2023 ($-40.20 Mil).

Quebec Precious Metals's annual retained earnings declined from Jan. 2021 ($-38.78 Mil) to Jan. 2022 ($-42.11 Mil) but then increased from Jan. 2022 ($-42.11 Mil) to Jan. 2023 ($-39.80 Mil).


Quebec Precious Metals Retained Earnings Historical Data

The historical data trend for Quebec Precious Metals'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.

Quebec Precious Metals Retained Earnings Chart

Quebec Precious Metals Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -32.95 -35.45 -38.78 -42.11 -39.80

Quebec Precious Metals Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
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 -39.73 -39.80 -39.67 -40.64 -40.20

Quebec Precious Metals 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.


Quebec Precious Metals  (OTCPK:CJCFF) 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.


Quebec Precious Metals (Quebec Precious Metals) Business Description

Traded in Other Exchanges
Address
1080, Cote du Beaver Hall, Bureau 2101, Montreal, QC, CAN, H2Z 1S8
Quebec Precious Metals Corp is engaged in the acquisition, exploration, and development of mining projects in Canada. The company is focused on advancing its Sakami gold project, located in Eeyou Istchee James Bay territory in Quebec, near Newmont Corporation's Eleonore gold mine. In addition, the Company holds a 68% interest in the Kipawa/Zeus rare earths project located near Temiscaming, Quebec. The Company's operations consist of a single operating segment being the sector of exploration and evaluation of mineral resources and all operations are located in Canada.