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Lexington Gold (FRA:XX40) Retained Earnings : €-53.60 Mil (As of Jun. 2023)


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What is Lexington Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Lexington Gold's retained earnings for the quarter that ended in Jun. 2023 was €-53.60 Mil.

Lexington Gold's quarterly retained earnings declined from Jun. 2022 (€-54.03 Mil) to Dec. 2022 (€-54.44 Mil) but then increased from Dec. 2022 (€-54.44 Mil) to Jun. 2023 (€-53.60 Mil).

Lexington Gold's annual retained earnings declined from Dec. 2020 (€-45.81 Mil) to Dec. 2021 (€-50.22 Mil) and declined from Dec. 2021 (€-50.22 Mil) to Dec. 2022 (€-54.44 Mil).


Lexington Gold Retained Earnings Historical Data

The historical data trend for Lexington 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.

* Premium members only.

Lexington Gold Retained Earnings Chart

Lexington Gold Annual Data
Trend Jun18 Jun19 Dec20 Dec21 Dec22
Retained Earnings
-0.12 -0.35 -45.81 -50.22 -54.44

Lexington Gold Semi-Annual Data
Dec18 Jun19 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Retained Earnings Get a 7-Day Free Trial Premium Member Only -46.64 -50.22 -54.03 -54.44 -53.60

Lexington 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.


Lexington Gold  (FRA:XX40) 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.


Lexington Gold (FRA:XX40) Business Description

Traded in Other Exchanges
Address
Clarendon House, 2 Church Street, Hamilton, BMU, HM 11
Lexington Gold Ltd is engaged in the gold exploration and development of its four gold projects in North and South Carolina, USA. The Company comprises the following reportable segments such as Corporate and Exploration activities. The projects are situated in the Carolina Super Terrane and are host to a number of multi-million-ounce mines operated. Its projects include Jennings-Pioneer Project, Argo Project, Carolina Belle Project, And Jones Keystone & Loflin Project (JKL).

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