GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Digger Resources Inc (XCNQ:GDIG) » Definitions » Retained Earnings

Gold Digger Resources (XCNQ:GDIG) Retained Earnings : C$-1.27 Mil (As of Jun. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Gold Digger Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Gold Digger Resources's retained earnings for the quarter that ended in Jun. 2024 was C$-1.27 Mil.

Gold Digger Resources's quarterly retained earnings declined from Dec. 2023 (C$-1.03 Mil) to Mar. 2024 (C$-1.10 Mil) and declined from Mar. 2024 (C$-1.10 Mil) to Jun. 2024 (C$-1.27 Mil).

Gold Digger Resources's annual retained earnings declined from Dec. 2021 (C$-0.21 Mil) to Dec. 2022 (C$-0.79 Mil) and declined from Dec. 2022 (C$-0.79 Mil) to Dec. 2023 (C$-1.03 Mil).


Gold Digger Resources Retained Earnings Historical Data

The historical data trend for Gold Digger 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.

* Premium members only.

Gold Digger Resources Retained Earnings Chart

Gold Digger Resources Annual Data
Trend Dec21 Dec22 Dec23
Retained Earnings
-0.21 -0.79 -1.03

Gold Digger Resources Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.89 -0.97 -1.03 -1.10 -1.27

Gold Digger 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.


Gold Digger Resources  (XCNQ:GDIG) 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.


Gold Digger Resources Business Description

Traded in Other Exchanges
N/A
Address
595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6C 2T5
Gold Digger Resources Inc is a mineral resource exploration and exploitation company with a concentration in battery and precious metals. The company's material property is the Regnault Project, consisting of contiguous mineral claims covering an area of Ha located north-northeast of Chibougamau in the Province of Quebec.
Executives
Blair Lawrence Naughty 10% Security Holder

Gold Digger Resources Headlines

No Headlines