RioZim (XZIM:RIOZ.ZW) Retained Earnings : ZWG-944.5 Mil (As of Dec. 2024)

View and export this data going back to . Start your Free Trial

What is RioZim Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. RioZim's retained earnings for the quarter that ended in Dec. 2024 was ZWG-944.5 Mil.

RioZim's quarterly retained earnings increased from Dec. 2023 (ZWG-109,486.4 Mil) to Jun. 2024 (ZWG-478.1 Mil) but then declined from Jun. 2024 (ZWG-478.1 Mil) to Dec. 2024 (ZWG-944.5 Mil).

RioZim's annual retained earnings declined from Dec. 2022 (ZWG-22,211.3 Mil) to Dec. 2023 (ZWG-109,486.4 Mil) but then increased from Dec. 2023 (ZWG-109,486.4 Mil) to Dec. 2024 (ZWG-944.5 Mil).

RioZim Retained Earnings Historical Data

The historical data trend for RioZim'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.

RioZim Retained Earnings Chart

RioZim Annual Data

Trend

Dec09

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Retained Earnings

Get a 7-Day Free Trial

27.62

-2,061.72

-22,211.32

-109,486.37

-944.46

RioZim Semi-Annual Data
	Dec09	Dec11	Dec12	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Retained Earnings	Get a 7-Day Free Trial												-22,211.32	-30,909.52	-109,486.37	-478.05	-944.46

RioZim 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.

RioZim (XZIM:RIOZ.ZW) 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.

RioZim Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » RioZim Ltd (XZIM:RIOZ.ZW) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 Kenilworth Road, Highlands, Harare, ZWE

Website

https://www.riozim.co.zw

RioZim Ltd together with its subsidiaries engages in mining and metallurgical operations. The company's operating segments include Gold and Base Metals. The gold segment develops and mines gold that is ultimately sold as gold bullion. It generates maximum revenue from the Gold. Geographically, it derives a majority of its revenue from Zimbabwe. All the group's operations are located in Zimbabwe and situated in two geographic locations, Masvingo Province and Mashonaland West Province. The company is engaged in the operation of the Renco Goldmine in the south-east of Zimbabwe, the Dalny Mine based in Chakari, the Cam and Motor gold and the Empress Nickel Refinery mine in Kadoma.

RioZim Headlines

No Headlines