OD6 Metals (ASX:OD6) Retained Earnings : A$-2.75 Mil (As of Dec. 2023)

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What is OD6 Metals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. OD6 Metals's retained earnings for the quarter that ended in Dec. 2023 was A$-2.75 Mil.

OD6 Metals's quarterly retained earnings declined from Dec. 2022 (A$-1.89 Mil) to Jun. 2023 (A$-2.73 Mil) and declined from Jun. 2023 (A$-2.73 Mil) to Dec. 2023 (A$-2.75 Mil).

OD6 Metals's annual retained earnings increased from . 20 (A$0.00 Mil) to Jun. 2022 (A$-1.37 Mil) but then declined from Jun. 2022 (A$-1.37 Mil) to Jun. 2023 (A$-2.73 Mil).

OD6 Metals Retained Earnings Historical Data

The historical data trend for OD6 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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OD6 Metals Retained Earnings Chart

OD6 Metals Annual Data

Trend

Jun22

Jun23

Retained Earnings

-1.37

-2.73

OD6 Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	-1.03	-1.37	-1.89	-2.73	-2.75

OD6 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.

OD6 Metals (ASX:OD6) 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.

OD6 Metals (ASX:OD6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » OD6 Metals Ltd (ASX:OD6) » Definitions » Retained Earnings

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Address

C/- LCP Group, 50 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.od6metals.com.au

OD6 Metals Ltd is a mineral exploration company focused on the discovery and potential development of large-scale rare earth element (REE) deposits. The company holds a 100% interest in the Splinter Rock Project and Grass Patch Project which are located in the Goldfields-Esperance region of Western Australia, approximately 30 to 150km north of the major port and town of Esperance.

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