Metal Storm Limited (ASX:MST) Retained Earnings : A$-114.72 Mil (As of Dec. 2011)

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What is Metal Storm Limited Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Metal Storm Limited's retained earnings for the quarter that ended in Dec. 2011 was A$-114.72 Mil.

Metal Storm Limited's quarterly retained earnings declined from Dec. 2009 (A$-99.75 Mil) to Dec. 2010 (A$-108.68 Mil) and declined from Dec. 2010 (A$-108.68 Mil) to Dec. 2011 (A$-114.72 Mil).

Metal Storm Limited's annual retained earnings declined from Dec. 2009 (A$-99.75 Mil) to Dec. 2010 (A$-108.68 Mil) and declined from Dec. 2010 (A$-108.68 Mil) to Dec. 2011 (A$-114.72 Mil).

Metal Storm Limited Retained Earnings Historical Data

The historical data trend for Metal Storm Limited'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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Metal Storm Limited Retained Earnings Chart

Metal Storm Limited Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Retained Earnings

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-88.44

-99.75

-108.68

-114.72

Metal Storm Limited Semi-Annual Data
	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11
Retained Earnings	Get a 7-Day Free Trial							-	-88.44	-99.75	-108.68	-114.72

Metal Storm Limited 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.

Metal Storm Limited (ASX:MST) 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.

Metal Storm Limited (ASX:MST) Business Description

Industry

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Address

Website

http://www.metalstorm.com

Metal Storm Ltd is incorporated under the laws of Australia on April 13, 1994. The company is a defence technology company engaged in the development of electronically initiated ballistics systems using its stacked round technology. Its technology is an electronically initiated, stacked projectile system which removes the mechanical steps required to fire a conventional weapon. Effectively, the only parts that move in Metal Storm's technology are the projectiles contained within the barrels. Multiple projectiles are stacked in a barrel, each separated by a propellant load. Its products include 3GL - 3 shot grenade launcher, FireStorm, MAUL, Redback, Munitions and Component weapon systems. The company also provides Research and Development as well as Consulting and Integration Services.