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Fenix Resources (ASX:FEX) Retained Earnings : A$75.9 Mil (As of Dec. 2024)


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What is Fenix Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Fenix Resources's retained earnings for the quarter that ended in Dec. 2024 was A$75.9 Mil.

Fenix Resources's quarterly retained earnings increased from Dec. 2023 (A$62.5 Mil) to Jun. 2024 (A$74.0 Mil) and increased from Jun. 2024 (A$74.0 Mil) to Dec. 2024 (A$75.9 Mil).

Fenix Resources's annual retained earnings increased from Jun. 2022 (A$53.3 Mil) to Jun. 2023 (A$54.1 Mil) and increased from Jun. 2023 (A$54.1 Mil) to Jun. 2024 (A$74.0 Mil).

Fenix Resources Retained Earnings Historical Data

The historical data trend for Fenix 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.

Fenix Resources Retained Earnings Chart

Fenix Resources Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -22.91 26.13 53.30 54.14 74.04

Fenix Resources Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 35.82 54.14 62.45 74.04 75.91

Fenix 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.

Fenix Resources  (ASX:FEX) 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.

Fenix Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Fenix Resources Ltd (ASX:FEX) » Definitions » Retained Earnings
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Traded in Other Exchanges
4ER:Germany
Address
1 Spring Street, Level 33, Perth, WA, AUS, 6000
Website
https://www.fenixresources.com.au
Fenix Resources Ltd is an Australian company engaged in exploring, developing, and mining mineral tenements. The Group has three reportable segments: the Mining, Logistics and Port Services businesses. The majority of the revenue is generated from Mining segment which consists of exploration, development and mining of mineral tenements across Western Australia's Mid-West. The logistics segment involves provision of high-quality bulk commodity road and rail haulage logistics solutions to service both Fenix operations as well as third-party customers. The Port Services segment consists of provision of in-loading access via truck or rail for secure storage at Fenix on wharf storage facilities (comprising 3 sheds) at Geraldton Port and offering direct ship loading access and services.