Minco Capital (TSXV:MMM) Retained Earnings : C$-41.06 Mil (As of Dec. 2023)

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What is Minco Capital Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Minco Capital's retained earnings for the quarter that ended in Dec. 2023 was C$-41.06 Mil.

Minco Capital's quarterly retained earnings declined from Jun. 2023 (C$-40.65 Mil) to Sep. 2023 (C$-41.63 Mil) but then increased from Sep. 2023 (C$-41.63 Mil) to Dec. 2023 (C$-41.06 Mil).

Minco Capital's annual retained earnings declined from Dec. 2021 (C$-39.49 Mil) to Dec. 2022 (C$-40.56 Mil) and declined from Dec. 2022 (C$-40.56 Mil) to Dec. 2023 (C$-41.06 Mil).

Minco Capital Retained Earnings Historical Data

The historical data trend for Minco Capital'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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Minco Capital Retained Earnings Chart

Minco Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-37.43

-38.83

-39.49

-40.56

-41.06

Minco Capital 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															-40.56	-40.38	-40.65	-41.63	-41.06

Minco Capital 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.

Minco Capital (TSXV:MMM) 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.

Minco Capital (TSXV:MMM) Business Description

Industry

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Address

No. 2060 - 1055 West Georgia Street, PO Box 11176, Vancouver, BC, CAN, V6E 3R5

Website

http://www.mincocapitalcorp.com

Minco Capital Corp is a Canadian company that is focused on utilizing its working capital position, industry contacts and internal expertise to identify, evaluate and invest in assets that have the capacity to generate returns and growth. The company invests in publicly traded and privately held corporations as well as taking indirect and direct ownership stakes in resource projects. Its types of investments may include common shares, preferred shares, warrants, royalties, convertible debentures, bridge loans, and other investment vehicles. It has one segment which is the acquisition and sale of investments in other companies.