Silver Hammer Mining (XCNQ:HAMR) Retained Earnings : C$-6.07 Mil (As of Dec. 2023)

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What is Silver Hammer Mining Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Silver Hammer Mining's retained earnings for the quarter that ended in Dec. 2023 was C$-6.07 Mil.

Silver Hammer Mining's quarterly retained earnings declined from Mar. 2023 (C$-4.93 Mil) to Sep. 2023 (C$-5.77 Mil) and declined from Sep. 2023 (C$-5.77 Mil) to Dec. 2023 (C$-6.07 Mil).

Silver Hammer Mining's annual retained earnings declined from Sep. 2021 (C$-1.77 Mil) to Sep. 2022 (C$-3.81 Mil) and declined from Sep. 2022 (C$-3.81 Mil) to Sep. 2023 (C$-5.77 Mil).

Silver Hammer Mining Retained Earnings Historical Data

The historical data trend for Silver Hammer Mining'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 Hammer Mining Retained Earnings Chart

Silver Hammer Mining Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Retained Earnings

-0.20

-1.77

-3.81

-5.77

Silver Hammer Mining Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial										-3.81	-4.10	-4.93	-5.77	-6.07

Silver Hammer Mining 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 Hammer Mining (XCNQ:HAMR) 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 Hammer Mining (XCNQ:HAMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver Hammer Mining Corp (XCNQ:HAMR) » Definitions » Retained Earnings

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HAMRF:USA

Address

595 Howe Street, Suite 206, Vancouver, BC, CAN, V6C 2T5

Website

https://www.silverhammermining.com

Silver Hammer Mining Corp is engaged in the business of exploration of mineral properties in Canada. Its principal property is the Lacy Property. Its projects include the Silver Strand project, the Eliza silver project, the Silverton silver mine project, and the Lacy project.

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