Lykos Metals (ASX:LYK) Retained Earnings : A$-7.82 Mil (As of Dec. 2023)

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What is Lykos Metals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Lykos Metals's retained earnings for the quarter that ended in Dec. 2023 was A$-7.82 Mil.

Lykos Metals's quarterly retained earnings declined from Dec. 2022 (A$-4.14 Mil) to Jun. 2023 (A$-6.90 Mil) and declined from Jun. 2023 (A$-6.90 Mil) to Dec. 2023 (A$-7.82 Mil).

Lykos Metals's annual retained earnings increased from . 20 (A$0.00 Mil) to Jun. 2022 (A$-2.22 Mil) but then declined from Jun. 2022 (A$-2.22 Mil) to Jun. 2023 (A$-6.90 Mil).

Lykos Metals Retained Earnings Historical Data

The historical data trend for Lykos 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.

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Lykos Metals Retained Earnings Chart

Lykos Metals Annual Data

Trend

Jun22

Jun23

Retained Earnings

-2.22

-6.90

Lykos Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	-1.00	-2.22	-4.14	-6.90	-7.82

Lykos 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.

Lykos Metals (ASX:LYK) 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.

Lykos Metals (ASX:LYK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lykos Metals Ltd (ASX:LYK) » Definitions » Retained Earnings

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Address

152 -158 Saint Georges Terrace, Level 48, Central Park, Perth, WA, AUS, 6000

Website

https://www.lykosmetals.com

Lykos Metals Ltd is a mineral exploration company. It has acquired three battery metals projects in Bosnia-Herzegovina. Its projects include Sinjakovo Project; Cajnice Project, Jezero Project and Sockovac Project. The projects have a history of high-grade minerals discovery and extraction and are prospective for nickel, copper, cobalt, precious metals, and potentially also lithium and REE.

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