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Norandaome Fund (Norandaome Fund) Retained Earnings : $0.0 Mil (As of Sep. 2022)


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What is Norandaome Fund Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Norandaome Fund's retained earnings for the quarter that ended in Sep. 2022 was $0.0 Mil.


Norandaome Fund Retained Earnings Historical Data

The historical data trend for Norandaome Fund'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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Norandaome Fund Retained Earnings Chart

Norandaome Fund Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Retained Earnings
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Norandaome Fund Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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Norandaome Fund 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.


Norandaome Fund  (OTCPK:NNDIF) 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.


Norandaome Fund (Norandaome Fund) Business Description

Traded in Other Exchanges
N/A
Address
100 King Street West, First Canadian Place, Suite 6900, P.O. Box 403, Toronto, ON, CAN, M5X 1E3
Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.

Norandaome Fund (Norandaome Fund) Headlines

From GuruFocus

Noranda Income Fund Announces Court Approval of Acquisition by Glencore

By GlobeNewswire GlobeNewswire 03-03-2023

Noranda Income Fund Receives Unitholder Meeting Requisition

By GlobeNewswire GlobeNewswire 11-25-2022

Noranda Income Fund Achieves 2020 Zinc Production Guidance

By GlobeNewswire GlobeNewswire 01-08-2021

Noranda Income Fund Annual General Meeting Voting Results

By GlobeNewswire GlobeNewswire 06-16-2022

Noranda Income Fund Reports Third Quarter 2019 Financial Results

By GlobeNewswire GlobeNewswire 11-08-2019

Noranda Income Fund Announces Third Quarter 2022 Results

By GlobeNewswire GlobeNewswire 11-15-2022