Gold Fields (Gold Fields) Retained Earnings : $2,964 Mil (As of Dec. 2023)

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What is Gold Fields Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Gold Fields's retained earnings for the quarter that ended in Dec. 2023 was $2,964 Mil.

Gold Fields's quarterly retained earnings increased from Dec. 2022 ($2,629 Mil) to Jun. 2023 ($2,872 Mil) and increased from Jun. 2023 ($2,872 Mil) to Dec. 2023 ($2,964 Mil).

Gold Fields's annual retained earnings increased from Dec. 2021 ($2,223 Mil) to Dec. 2022 ($2,629 Mil) and increased from Dec. 2022 ($2,629 Mil) to Dec. 2023 ($2,964 Mil).

Gold Fields Retained Earnings Historical Data

The historical data trend for Gold Fields'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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Gold Fields Retained Earnings Chart

Gold Fields Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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1,190.00

1,755.60

2,222.60

2,629.20

2,963.90

Gold Fields Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial															2,222.60	2,579.10	2,629.20	2,872.30	2,963.90

Gold Fields 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.

Gold Fields (NYSE:GFI) 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.

Gold Fields (Gold Fields) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Fields Ltd (NYSE:GFI) » Definitions » Retained Earnings

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Address

150 Helen Road, Sandown, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.goldfields.com

Gold Fields Ltd is a producer of gold and is a holder of gold reserves and resources in South Africa, Ghana, Australia and Peru. In Peru, the company also produces copper. The company is primarily involved in underground and surface gold and surface copper mining and silver and related activities, including exploration, extraction, processing and smelting. It conducts underground and surface mining operations at St. Ives, underground-only operations at Agnew, Granny Smith and South Deep and surface-only open pit mining at Damang, Tarkwa and Cerro Corona. The company's revenues are derived from the sale of gold that it produces.