Tana Resources (XCNQ:TANA) Retained Earnings : C$-0.60 Mil (As of Jan. 2024)

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What is Tana Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Tana Resources's retained earnings for the quarter that ended in Jan. 2024 was C$-0.60 Mil.

Tana Resources's quarterly retained earnings declined from Jul. 2023 (C$-0.54 Mil) to Oct. 2023 (C$-0.56 Mil) and declined from Oct. 2023 (C$-0.56 Mil) to Jan. 2024 (C$-0.60 Mil).

Tana Resources's annual retained earnings declined from Oct. 2021 (C$-0.04 Mil) to Oct. 2022 (C$-0.37 Mil) and declined from Oct. 2022 (C$-0.37 Mil) to Oct. 2023 (C$-0.56 Mil).

Tana Resources Retained Earnings Historical Data

The historical data trend for Tana 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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Tana Resources Retained Earnings Chart

Tana Resources Annual Data

Trend

Oct21

Oct22

Oct23

Retained Earnings

-0.04

-0.37

-0.56

Tana Resources Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Retained Earnings	Get a 7-Day Free Trial						-0.40	-0.47	-0.54	-0.56	-0.60

Tana 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.

Tana Resources (XCNQ:TANA) 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.

Tana Resources (XCNQ:TANA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tana Resources Corp (XCNQ:TANA) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

1100 Melville Street., Suite 830, Vancouver, BC, CAN, V6E 4A6

Website

https://www.tanaresources.ca

Tana Resources Corp is a Canadian mining exploration company focused on the acquisition and development of high-value mining projects. Its activities include the acquisition and exploration of mineral resource properties with an emphasis on the Double T Property located in the Liard Mining District, British Columbia.

Executives

Vartan Korajian

Director, Senior Officer

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