Minerva Gold (Minerva Gold) Retained Earnings : $-0.07 Mil (As of Feb. 2024)

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What is Minerva Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Minerva Gold's retained earnings for the quarter that ended in Feb. 2024 was $-0.07 Mil.

Minerva Gold's quarterly retained earnings declined from Aug. 2023 ($-0.05 Mil) to Nov. 2023 ($-0.05 Mil) and declined from Nov. 2023 ($-0.05 Mil) to Feb. 2024 ($-0.07 Mil).

Minerva Gold's annual retained earnings declined from Feb. 2022 ($-0.02 Mil) to Feb. 2023 ($-0.03 Mil) and declined from Feb. 2023 ($-0.03 Mil) to Feb. 2024 ($-0.07 Mil).

Minerva Gold Retained Earnings Historical Data

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

Minerva Gold Annual Data

Trend

Feb21

Feb22

Feb23

Feb24

Retained Earnings

-0.02

-0.03

-0.07

Minerva Gold Quarterly Data
	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Retained Earnings	Get a 7-Day Free Trial								-0.03	-0.05	-0.05	-0.05	-0.07

Minerva Gold 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.

Minerva Gold (OTCPK:MINR) 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.

Minerva Gold (Minerva Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Minerva Gold Inc (OTCPK:MINR) » Definitions » Retained Earnings

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Address

12/1 Kunayev str, IA 17, Nur-Sultan, KAZ, 010000

Website

Minerva Gold Inc is a junior mineral exploration company engaged in the identification, acquisition and exploration of precious metals in Kazakhstan.

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