Advance Metals (ASX:AVM) Retained Earnings : A$-14.17 Mil (As of Jun. 2023)

View and export this data going back to 2007. Start your Free Trial

What is Advance Metals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Advance Metals's retained earnings for the quarter that ended in Jun. 2023 was A$-14.17 Mil.

Advance Metals's quarterly retained earnings declined from Jun. 2022 (A$-12.92 Mil) to Dec. 2022 (A$-13.58 Mil) and declined from Dec. 2022 (A$-13.58 Mil) to Jun. 2023 (A$-14.17 Mil).

Advance Metals's annual retained earnings declined from Dec. 2021 (A$-12.20 Mil) to Dec. 2022 (A$-13.58 Mil) and declined from Dec. 2022 (A$-13.58 Mil) to Dec. 2023 (A$-14.29 Mil).

Advance Metals Retained Earnings Historical Data

The historical data trend for Advance Metals'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.

Advance Metals Retained Earnings Chart

Advance Metals Annual Data

Trend

Aug14

Aug15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

Get a 7-Day Free Trial

-10.07

-10.99

-12.20

-13.58

-14.29

Advance Metals Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-12.20	-12.92	-13.58	-14.17	-14.29

Advance Metals 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.

Advance Metals (ASX:AVM) 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.

Advance Metals (ASX:AVM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Advance Metals Ltd (ASX:AVM) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 York Street, Suite 706, Level 7, Sydney, NSW, AUS, 2000

Website

https://www.advancemetals.com.au

Advance Metals Ltd is a Australia-based mineral exploration company engaged in investment in renewable energy and coal exploration. It holds coal licenses for exploration in the coking coal regions of Kootenay in British Columbia and applications for exploration licenses in the metallurgical coal region of the Arkoma Basin in Oklahoma. The Group has only two reportable segments, being the geographic location of assets in Canada and Australia. The company plans to develop a portfolio of projects that support the green economy through the discovery and delivery of commodities that promote electrification and decarbonization.

Advance Metals (ASX:AVM) Headlines

No Headlines