GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Flying Nickel Mining Corp (OTCPK:FLYNF) » Definitions » Retained Earnings

Flying Nickel Mining (Flying Nickel Mining) Retained Earnings : $-4.30 Mil (As of Dec. 2023)


View and export this data going back to 2022. Start your Free Trial

What is Flying Nickel Mining Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Flying Nickel Mining's retained earnings for the quarter that ended in Dec. 2023 was $-4.30 Mil.

Flying Nickel Mining's quarterly retained earnings declined from Sep. 2022 ($-2.17 Mil) to Sep. 2023 ($-4.04 Mil) and declined from Sep. 2023 ($-4.04 Mil) to Dec. 2023 ($-4.30 Mil).


Flying Nickel Mining Retained Earnings Historical Data

The historical data trend for Flying Nickel 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.

Flying Nickel Mining Retained Earnings Chart

Flying Nickel Mining Annual Data
Trend
Retained Earnings

Flying Nickel Mining Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Sep23 Dec23
Retained Earnings Get a 7-Day Free Trial -1.22 -1.45 -2.17 -4.04 -4.30

Flying Nickel 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.


Flying Nickel Mining  (OTCPK:FLYNF) 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.


Flying Nickel Mining (Flying Nickel Mining) Business Description

Traded in Other Exchanges
Address
409 Granville Street, Suite 1610, Vancouver, BC, CAN, V6C 1T2
Flying Nickel Mining Corp is a premier nickel sulphide mining and exploration company. It holds interests in the Minago Project located in Manitoba's Thompson Nickel Belt in Canada.

Flying Nickel Mining (Flying Nickel Mining) Headlines

From GuruFocus

Flying Nickel Announces Appointment of CEO and CFO

By ACCESSWIRE ACCESSWIRE 07-21-2022