African Pioneer (LSE:AFP) Retained Earnings : £-1.64 Mil (As of Dec. 2023)

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What is African Pioneer Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. African Pioneer's retained earnings for the quarter that ended in Dec. 2023 was £-1.64 Mil.

African Pioneer's quarterly retained earnings declined from Dec. 2022 (£-0.95 Mil) to Jun. 2023 (£-1.25 Mil) and declined from Jun. 2023 (£-1.25 Mil) to Dec. 2023 (£-1.64 Mil).

African Pioneer's annual retained earnings declined from Dec. 2021 (£-0.28 Mil) to Dec. 2022 (£-0.95 Mil) and declined from Dec. 2022 (£-0.95 Mil) to Dec. 2023 (£-1.64 Mil).

African Pioneer Retained Earnings Historical Data

The historical data trend for African Pioneer'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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African Pioneer Retained Earnings Chart

African Pioneer Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-0.46

-0.55

-0.28

-0.95

-1.64

African Pioneer Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial					-0.28	-0.49	-0.95	-1.25	-1.64

African Pioneer 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.

African Pioneer (LSE:AFP) 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.

African Pioneer (LSE:AFP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » African Pioneer PLC (LSE:AFP) » Definitions » Retained Earnings

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9TI:Germany

Address

19-21 Circular Road, Douglas, IMN, IM1 1AF

Website

https://www.africanpioneerplc.com

African Pioneer PLC is engaged in exploring opportunities within the natural resources sector in Sub-Saharan Africa, with a focus on base and precious metals including but not limited to copper, nickel, and zinc. The company' tends to enhance the value of its mineral resource Projects located in Namibia, Zambia, and Botswana through exploration and technical studies conducted by the company or through a joint venture or other arrangements to establish the Projects.

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