Silver North Resources (TSXV:SNAG) Retained Earnings : C$-21.82 Mil (As of Mar. 2023)

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What is Silver North Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Silver North Resources's retained earnings for the quarter that ended in Mar. 2023 was C$-21.82 Mil.

Silver North Resources's quarterly retained earnings declined from Sep. 2022 (C$-21.61 Mil) to Dec. 2022 (C$-21.76 Mil) and declined from Dec. 2022 (C$-21.76 Mil) to Mar. 2023 (C$-21.82 Mil).

Silver North Resources's annual retained earnings declined from Sep. 2021 (C$-19.56 Mil) to Sep. 2022 (C$-21.61 Mil) and declined from Sep. 2022 (C$-21.61 Mil) to Sep. 2023 (C$-22.41 Mil).

Silver North Resources Retained Earnings Historical Data

The historical data trend for Silver North Resources'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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Silver North Resources Retained Earnings Chart

Silver North Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Retained Earnings

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-17.56

-18.62

-19.56

-21.61

-22.41

Silver North Resources Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23
Retained Earnings	Get a 7-Day Free Trial															-	-21.61	-21.76	-21.82	-22.41

Silver North Resources 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.

Silver North Resources (TSXV:SNAG) 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.

Silver North Resources (TSXV:SNAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver North Resources Ltd (TSXV:SNAG) » Definitions » Retained Earnings

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TARSF:USA

Address

325 Howe Street, Suite 410, Vancouver, BC, CAN, V6C 1Z7

Website

https://www.alianzaminerals.com

Silver North Resources Ltd has made new silver discoveries in the Keno Hill Silver District of the Yukon at its Haldane Project, where high-grade silver has been identified in drilling at three target areas. The Company also holds the Tim silver property in southern Yukon, where partner-funded exploration has identified high-grade silver mineralization just 19 km from the Silvertip mine. Silver is a critical component in today's economy due to its myriad of industrial uses. This is only expected to continue, driving long-term growth and the demand for silver. Silver North is ideally positioned to further prove out and expand upon its discoveries, at the stage of the mining development curve traditionally associated with the value increases for shareholders.

Executives

Mark Thomas Brown

Director

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