ACME Lithium (XCNQ:ACME) Retained Earnings : C$-7.36 Mil (As of Dec. 2023)

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What is ACME Lithium Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. ACME Lithium's retained earnings for the quarter that ended in Dec. 2023 was C$-7.36 Mil.

ACME Lithium's quarterly retained earnings declined from Mar. 2023 (C$-5.83 Mil) to Sep. 2023 (C$-7.12 Mil) and declined from Sep. 2023 (C$-7.12 Mil) to Dec. 2023 (C$-7.36 Mil).

ACME Lithium's annual retained earnings declined from Sep. 2021 (C$-1.89 Mil) to Sep. 2022 (C$-5.42 Mil) and declined from Sep. 2022 (C$-5.42 Mil) to Sep. 2023 (C$-7.12 Mil).

ACME Lithium Retained Earnings Historical Data

The historical data trend for ACME Lithium'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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ACME Lithium Retained Earnings Chart

ACME Lithium Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Retained Earnings

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-1.01

-1.28

-1.89

-5.42

-7.12

ACME Lithium Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-5.42	-5.77	-5.83	-7.12	-7.36

ACME Lithium 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.

ACME Lithium (XCNQ:ACME) 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.

ACME Lithium (XCNQ:ACME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » ACME Lithium Inc (XCNQ:ACME) » Definitions » Retained Earnings

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ACLHF:USA

Address

318 - 1199 West Pender Street, Vancouver, BC, CAN, V6E 2R1

Website

https://www.acmelithium.com

ACME Lithium Inc is a mineral exploration company engaged in the acquisition, exploration, and evaluation of natural resource properties located in the State of Nevada, USA, and Manitoba, Canada. The company's projects include Clayton valley, Fish lake valley, Shatford lake, Cat-Euclid lake, Birse lake, and Bailey lake.

Executives

Vivian Andrea Katsuris

Director

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