Nine Mile Metals (Nine Mile Metals) Retained Earnings : $-9.33 Mil (As of Dec. 2023)

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What is Nine Mile Metals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Nine Mile Metals's retained earnings for the quarter that ended in Dec. 2023 was $-9.33 Mil.

Nine Mile Metals's quarterly retained earnings declined from Mar. 2023 ($-7.87 Mil) to Sep. 2023 ($-8.92 Mil) and declined from Sep. 2023 ($-8.92 Mil) to Dec. 2023 ($-9.33 Mil).

Nine Mile Metals's annual retained earnings declined from Sep. 2021 ($-6.04 Mil) to Sep. 2022 ($-7.03 Mil) and declined from Sep. 2022 ($-7.03 Mil) to Sep. 2023 ($-8.92 Mil).

Nine Mile Metals Retained Earnings Historical Data

The historical data trend for Nine Mile Metals'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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Nine Mile Metals Retained Earnings Chart

Nine Mile Metals Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Retained Earnings

-0.48

-1.04

-6.04

-7.03

-8.92

Nine Mile Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-7.03	-7.42	-7.87	-8.92	-9.33

Nine Mile Metals 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.

Nine Mile Metals (OTCPK:VMSXF) 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.

Nine Mile Metals (Nine Mile Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nine Mile Metals Ltd (OTCPK:VMSXF) » Definitions » Retained Earnings

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NINE:Canada

Address

350 - 1650 West 2nd Avenue, Vancouver, BC, CAN, V6J 1H4

Website

https://www.ninemilemetals.com

Nine Mile Metals Ltd is a gold exploration company focused on acquiring mineral properties. The principal business of the Company is to acquire, explore, and develop mineral properties and ultimately seek earnings by exploiting mineral claims. The company holds an interest in the Millennium Gold Property, Nine-mile brook, California lake, and Canoe lake. It conducts exploration activities in the United States.