Andes Gold (Andes Gold) Retained Earnings : $-10.17 Mil (As of Dec. 2003)

View and export this data going back to 1996. Start your Free Trial

What is Andes Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Andes Gold's retained earnings for the quarter that ended in Dec. 2003 was $-10.17 Mil.

Andes Gold's quarterly retained earnings declined from Jun. 2003 ($-5.48 Mil) to Sep. 2003 ($-8.11 Mil) and declined from Sep. 2003 ($-8.11 Mil) to Dec. 2003 ($-10.17 Mil).

Andes Gold's annual retained earnings declined from Dec. 2001 ($-0.50 Mil) to Dec. 2002 ($-3.16 Mil) and declined from Dec. 2002 ($-3.16 Mil) to Dec. 2003 ($-10.17 Mil).

Andes Gold Retained Earnings Historical Data

The historical data trend for Andes 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.

Andes Gold Retained Earnings Chart

Andes Gold Annual Data

Trend

Dec94

Dec95

Dec96

Dec97

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Retained Earnings

Get a 7-Day Free Trial

-5.05

-5.47

-0.50

-3.16

-10.17

Andes Gold Quarterly Data
	Mar98	Jun98	Sep98	Dec98	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03
Retained Earnings	Get a 7-Day Free Trial															-3.16	-4.17	-5.48	-8.11	-10.17

Andes 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.

Andes Gold (OTCPK:AGCZ) 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.

Andes Gold (Andes Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Andes Gold Corp (OTCPK:AGCZ) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

1200 N. Federal Highway, Suite 200, Boca Raton, FL, USA, 33432

Website

http://www.andesgoldmine.com

Andes Gold Corp is the operator of leased properties which it mines for mineral resources, specifically, gold. The company develops and produces gold assets in Ecuador and South America.

Andes Gold (Andes Gold) Headlines

From GuruFocus

Jake P. Noch Family Office, LLC. Files Complaint Seeking Custodianship of Andes Gold Corp (OTC: AGCZ)

By Marketwired • 05-15-2024