Eldorado Gold (Eldorado Gold) Retained Earnings : $-2,488 Mil (As of Dec. 2023)

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What is Eldorado Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Eldorado Gold's retained earnings for the quarter that ended in Dec. 2023 was $-2,488 Mil.

Eldorado Gold's quarterly retained earnings declined from Jun. 2023 ($-2,573 Mil) to Sep. 2023 ($-2,581 Mil) but then increased from Sep. 2023 ($-2,581 Mil) to Dec. 2023 ($-2,488 Mil).

Eldorado Gold's annual retained earnings declined from Dec. 2021 ($-2,239 Mil) to Dec. 2022 ($-2,593 Mil) but then increased from Dec. 2022 ($-2,593 Mil) to Dec. 2023 ($-2,488 Mil).

Eldorado Gold Retained Earnings Historical Data

The historical data trend for Eldorado 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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Eldorado Gold Retained Earnings Chart

Eldorado Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-2,229.87

-2,103.21

-2,239.23

-2,593.05

-2,488.42

Eldorado Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-2,593.05	-2,571.73	-2,572.85	-2,580.84	-2,488.42

Eldorado 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.

Eldorado Gold (NYSE:EGO) 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.

Eldorado Gold (Eldorado Gold) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eldorado Gold Corp (NYSE:EGO) » Definitions » Retained Earnings

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ELO1:Germany ELD:Canada

Address

550 Burrard Street, Suite 1188, Bentall 5, Vancouver, BC, CAN, V6C 2B5

Website

https://www.eldoradogold.com

Eldorado Gold Corp is a gold and base metals producer with mining, development, and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill, and Certej projects.