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Mountain Province Diamonds (Mountain Province Diamonds) Retained Earnings : $-155.2 Mil (As of Mar. 2023)


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What is Mountain Province Diamonds Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Mountain Province Diamonds's retained earnings for the quarter that ended in Mar. 2023 was $-155.2 Mil.

Mountain Province Diamonds's quarterly retained earnings increased from Sep. 2022 ($-187.4 Mil) to Dec. 2022 ($-177.1 Mil) and increased from Dec. 2022 ($-177.1 Mil) to Mar. 2023 ($-155.2 Mil).

Mountain Province Diamonds's annual retained earnings increased from Dec. 2020 ($-441.8 Mil) to Dec. 2021 ($-226.4 Mil) and increased from Dec. 2021 ($-226.4 Mil) to Dec. 2022 ($-177.1 Mil).


Mountain Province Diamonds Retained Earnings Historical Data

The historical data trend for Mountain Province Diamonds'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.

Mountain Province Diamonds Retained Earnings Chart

Mountain Province Diamonds Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -129.33 -229.72 -441.84 -226.40 -177.10

Mountain Province Diamonds Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 -209.68 -189.65 -187.43 -177.10 -155.20

Mountain Province Diamonds 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.


Mountain Province Diamonds  (OTCPK:MPVDF) 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.


Mountain Province Diamonds (Mountain Province Diamonds) Business Description

Traded in Other Exchanges
Address
161 Bay Street, Suite 1410, P.O. Box 216, Toronto, ON, CAN, M5J 2S1
Mountain Province Diamonds Inc is engaged in the mining and marketing of rough diamonds. The Company supplies rough diamonds from its 49% ownership interest in the Gahcho Kue diamond mine (the GK Diamond Mine). The GK Diamond Mine is located in Canada's Northwest Territories. The Company also owns 100% of the mineral rights of the Kennady North Project (KNP) in Canada's Northwest Territories.