Mount Gibson Iron (ASX:MGX) Retained Earnings : A$-880.4 Mil (As of Dec. 2023)

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What is Mount Gibson Iron Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Mount Gibson Iron's retained earnings for the quarter that ended in Dec. 2023 was A$-880.4 Mil.

Mount Gibson Iron's quarterly retained earnings declined from Dec. 2022 (A$-1,016.9 Mil) to Jun. 2023 (A$-1,019.1 Mil) but then increased from Jun. 2023 (A$-1,019.1 Mil) to Dec. 2023 (A$-880.4 Mil).

Mount Gibson Iron's annual retained earnings declined from Jun. 2021 (A$-850.2 Mil) to Jun. 2022 (A$-1,024.3 Mil) but then increased from Jun. 2022 (A$-1,024.3 Mil) to Jun. 2023 (A$-1,019.1 Mil).

Mount Gibson Iron Retained Earnings Historical Data

The historical data trend for Mount Gibson Iron'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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Mount Gibson Iron Retained Earnings Chart

Mount Gibson Iron Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Retained Earnings

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-953.35

-914.17

-850.16

-1,024.28

-1,019.10

Mount Gibson Iron Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-915.76	-1,024.28	-1,016.92	-1,019.10	-880.38

Mount Gibson Iron 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.

Mount Gibson Iron (ASX:MGX) 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.

Mount Gibson Iron (ASX:MGX) Business Description

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MTGRY:USA MTGRF:USA

Address

2 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.mtgibsoniron.com.au

Mount Gibson Iron Ltd is a Western Australia-based iron ore mining company. The activities of the company involve mining, processing and direct shipment of hematite iron ore at the Koolan Island mine site in the Kimberley region of Western Australia; care and maintenance of the Shine hematite iron ore site and related infrastructure, rehabilitation works at the Extension Hill mine site and management of the Geraldton Port facilities in the Mid-West region of Western Australia; treasury management; and the pursuit of mineral resources acquisitions and investments. The company operates into two segments: Mid-West segment and Koolan Island segment. The company derives the majority of its revenue from Koolan Island.