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Leading Edge Materials (TSXV:LEM) Retained Earnings : C$-49.22 Mil (As of Jul. 2024)


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What is Leading Edge Materials Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Leading Edge Materials's retained earnings for the quarter that ended in Jul. 2024 was C$-49.22 Mil.

Leading Edge Materials's quarterly retained earnings declined from Jan. 2024 (C$-47.54 Mil) to Apr. 2024 (C$-48.40 Mil) and declined from Apr. 2024 (C$-48.40 Mil) to Jul. 2024 (C$-49.22 Mil).

Leading Edge Materials's annual retained earnings declined from Oct. 2021 (C$-41.10 Mil) to Oct. 2022 (C$-44.27 Mil) and declined from Oct. 2022 (C$-44.27 Mil) to Oct. 2023 (C$-46.85 Mil).


Leading Edge Materials Retained Earnings Historical Data

The historical data trend for Leading Edge Materials'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.

Leading Edge Materials Retained Earnings Chart

Leading Edge Materials Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -38.17 -39.89 -41.10 -44.27 -46.85

Leading Edge Materials Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 -46.91 -46.85 -47.54 -48.40 -49.22

Leading Edge Materials 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.


Leading Edge Materials  (TSXV:LEM) 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.


Leading Edge Materials Business Description

Traded in Other Exchanges
Address
1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1
Leading Edge Materials Corp is a Canada based exploration company. It is involved in the exploration and development of resource properties in Sweden and Finland with corporate operations in Canada. The properties owned by the company are Woxna Graphite Mine located in central Sweden, and Norra Karr Mine, a rare earth element resource, located in south-central Sweden, and Romania Nickel-cobalt project.
Executives
Lars-eric Johansson Director
Filip Lech Ulmo Manneberg Kozlowski Senior Officer

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