VAR Resources (TSXV:VAR) Retained Earnings : C$-16.37 Mil (As of Jul. 2022)

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What is VAR Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. VAR Resources's retained earnings for the quarter that ended in Jul. 2022 was C$-16.37 Mil.

VAR Resources's quarterly retained earnings declined from Jan. 2022 (C$-16.17 Mil) to Apr. 2022 (C$-16.31 Mil) and declined from Apr. 2022 (C$-16.31 Mil) to Jul. 2022 (C$-16.37 Mil).

VAR Resources's annual retained earnings declined from Oct. 2019 (C$-15.89 Mil) to Oct. 2020 (C$-15.98 Mil) and declined from Oct. 2020 (C$-15.98 Mil) to Oct. 2021 (C$-16.13 Mil).

VAR Resources Retained Earnings Historical Data

The historical data trend for VAR 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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VAR Resources Retained Earnings Chart

VAR Resources Annual Data

Trend

Oct12

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Retained Earnings

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-15.49

-15.72

-15.89

-15.98

-16.13

VAR Resources Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
Retained Earnings	Get a 7-Day Free Trial															-16.10	-16.13	-16.17	-16.31	-16.37

VAR 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.

VAR Resources (TSXV:VAR) 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.

VAR Resources (TSXV:VAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » VAR Resources Corp (TSXV:VAR) » Definitions » Retained Earnings

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Address

580 Hornby Street, Suite 588, Vancouver, BC, CAN, V6C 3B6

Website

http://www.canpharmacorp.ca

VAR Resources Corp is engaged in the exploration and acquisition of mineral properties.

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