GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Amerigo Resources Ltd (OTCPK:ARREF) » Definitions » Retained Earnings

Amerigo Resources (Amerigo Resources) Retained Earnings : $19.4 Mil (As of Mar. 2024)


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

What is Amerigo Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Amerigo Resources's retained earnings for the quarter that ended in Mar. 2024 was $19.4 Mil.

Amerigo Resources's quarterly retained earnings increased from Sep. 2023 ($18.6 Mil) to Dec. 2023 ($18.8 Mil) and increased from Dec. 2023 ($18.8 Mil) to Mar. 2024 ($19.4 Mil).

Amerigo Resources's annual retained earnings declined from Dec. 2021 ($51.3 Mil) to Dec. 2022 ($31.7 Mil) and declined from Dec. 2022 ($31.7 Mil) to Dec. 2023 ($18.8 Mil).


Amerigo Resources Retained Earnings Historical Data

The historical data trend for Amerigo Resources'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.

Amerigo Resources Retained Earnings Chart

Amerigo Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.38 19.44 51.32 31.74 18.80

Amerigo Resources Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.99 28.00 18.55 18.80 19.42

Amerigo Resources 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.


Amerigo Resources  (OTCPK:ARREF) 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.


Amerigo Resources (Amerigo Resources) Business Description

Traded in Other Exchanges
Address
1021 West Hastings Street, 9th Floor, Vancouver, BC, CAN, V6E 0C3
Amerigo Resources Ltd is principally engaged in the production of copper and molybdenum concentrates through its operating subsidiary Minera Valle Central S.A. The group operates in one segment, the production of copper concentrates with the production of molybdenum concentrates as a by-product. The company geographically operates in Chile and Canada and earns most of its revenue from Chile.

Amerigo Resources (Amerigo Resources) Headlines

From GuruFocus

Amerigo Reports Q2-2021 Production Results Aligned with Guidance

By Marketwired Marketwired 07-12-2021

Amerigo Announces Appointment of New Chief Financial Officer

By Marketwired Marketwired 08-04-2020

Amerigo Announces MVC Repairs Underway

By Marketwired 06-30-2023

Amerigo Announces Results of AGM

By Marketwired Marketwired 05-04-2021

Amerigo Reports Strong Net Income & Operating Cash Flow in Q2-2021

By Marketwired Marketwired 08-11-2021

Amerigo Reports 2021 Production Results and Provides 2022 Guidance

By GuruFocusNews GuruFocusNews 01-13-2022

Amerigo Announces Results of AGM

By sperokesalga sperokesalga 05-02-2023

Amerigo Announces Normal Course Issuer Bid

By GuruFocusNews GuruFocusNews 11-30-2021

Amerigo Provides Update on MVC Operations

By Marketwired 06-26-2023