Getchell Gold (XCNQ:GTCH) Retained Earnings : C$-32.96 Mil (As of Dec. 2023)

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What is Getchell Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Getchell Gold's retained earnings for the quarter that ended in Dec. 2023 was C$-32.96 Mil.

Getchell Gold's quarterly retained earnings declined from Mar. 2023 (C$-28.22 Mil) to Sep. 2023 (C$-29.27 Mil) and declined from Sep. 2023 (C$-29.27 Mil) to Dec. 2023 (C$-32.96 Mil).

Getchell Gold's annual retained earnings declined from Mar. 2021 (C$-15.88 Mil) to Mar. 2022 (C$-21.21 Mil) and declined from Mar. 2022 (C$-21.21 Mil) to Mar. 2023 (C$-28.22 Mil).

Getchell Gold Retained Earnings Historical Data

The historical data trend for Getchell Gold'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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Getchell Gold Retained Earnings Chart

Getchell Gold Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Mar19

Mar20

Mar21

Mar22

Mar23

Retained Earnings

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-9.49

-12.05

-15.88

-21.21

-28.22

Getchell Gold Quarterly Data
	Oct18	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															-25.85	-27.68	-28.22	-29.27	-32.96

Getchell Gold 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.

Getchell Gold (XCNQ:GTCH) 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.

Getchell Gold (XCNQ:GTCH) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Getchell Gold Corp (XCNQ:GTCH) » Definitions » Retained Earnings

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Address

625 Howe Street, Suite 488, Vancouver, BC, CAN, V6C 2T6

Website

https://www.getchellgold.com

Getchell Gold Corp is a resource company committed to responsible exploration focused on gold and copper in Nevada. The company's projects are Fondaway canyon, Star, Dixie comstock, and Hot springs peak projects. Getchell Gold is directing its efforts on Fondaway Canyon, a past gold producer with an in-the-ground historic resources, and on the Star project, a past high-grade copper, gold, and silver small-scale producer. Along with Dixie Comstock, a past gold producer with a historic resource and one earlier stage exploration project, Hot Springs Peak (Au). Getchell has the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties, Churchill County, Nevada.

Executives