Magna Mining (TSXV:NICU) Retained Earnings : C$-45.97 Mil (As of Mar. 2024)

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What is Magna Mining Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Magna Mining's retained earnings for the quarter that ended in Mar. 2024 was C$-45.97 Mil.

Magna Mining's quarterly retained earnings declined from Sep. 2023 (C$-40.25 Mil) to Dec. 2023 (C$-42.86 Mil) and declined from Dec. 2023 (C$-42.86 Mil) to Mar. 2024 (C$-45.97 Mil).

Magna Mining's annual retained earnings declined from Dec. 2021 (C$-11.03 Mil) to Dec. 2022 (C$-33.00 Mil) and declined from Dec. 2022 (C$-33.00 Mil) to Dec. 2023 (C$-42.86 Mil).

Magna Mining Retained Earnings Historical Data

The historical data trend for Magna Mining'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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Magna Mining Retained Earnings Chart

Magna Mining Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Retained Earnings

-4.27

-11.03

-33.00

-42.86

Magna Mining Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial												-35.12	-37.19	-40.25	-42.86	-45.97

Magna Mining 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.

Magna Mining (TSXV:NICU) 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.

Magna Mining (TSXV:NICU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magna Mining Inc (TSXV:NICU) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

MGMNF:USA 8YD:Germany

Address

45 Oak Street, Box 103, Dowling, ON, CAN, P0M 1R0

Website

https://www.magnamining.com

Magna Mining Inc is a Sudbury-focused base metal exploration and development company. It is prospective for nickel, copper, and PGM discoveries. Its projects include the Shakespeare Project and the Shining Tree Project. It has one reportable operating segment, being the acquisition, exploration and development of mineral properties. The Company's assets are located in Canada.

Executives

Dundee Corporation

10% Security Holder

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