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Silver Dollar Resources (XCNQ:SLV) Retained Earnings : C$-7.80 Mil (As of Feb. 2024)


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What is Silver Dollar Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Silver Dollar Resources's retained earnings for the quarter that ended in Feb. 2024 was C$-7.80 Mil.

Silver Dollar Resources's quarterly retained earnings declined from Aug. 2023 (C$-7.40 Mil) to Nov. 2023 (C$-7.66 Mil) and declined from Nov. 2023 (C$-7.66 Mil) to Feb. 2024 (C$-7.80 Mil).

Silver Dollar Resources's annual retained earnings declined from Aug. 2021 (C$-4.98 Mil) to Aug. 2022 (C$-5.56 Mil) and declined from Aug. 2022 (C$-5.56 Mil) to Aug. 2023 (C$-7.40 Mil).


Silver Dollar Resources Retained Earnings Historical Data

The historical data trend for Silver Dollar 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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Silver Dollar Resources Retained Earnings Chart

Silver Dollar Resources Annual Data
Trend Aug19 Aug20 Aug21 Aug22 Aug23
Retained Earnings
-0.13 -0.85 -4.98 -5.56 -7.40

Silver Dollar Resources Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.03 -5.78 -7.40 -7.66 -7.80

Silver Dollar 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.


Silver Dollar Resources  (XCNQ:SLV) 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 Dollar Resources (XCNQ:SLV) Business Description

Traded in Other Exchanges
Address
179 - 2945 Jacklin Road, Suite 416, Victoria, BC, CAN, V9B 6J9
Silver Dollar Resources Inc is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration programs thereon. Its properties include La Joya Project, Nora Project in Mexico; Longlegged Lake Property and Pakwash Lake Property in Ontario.
Executives
Joseph Jerome Smulders Senior Officer

Silver Dollar Resources (XCNQ:SLV) Headlines

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