Premier1 Lithium (ASX:PLC) Retained Earnings : A$-31.60 Mil (As of Dec. 2024)

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What is Premier1 Lithium Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Premier1 Lithium's retained earnings for the quarter that ended in Dec. 2024 was A$-31.60 Mil.

Premier1 Lithium's quarterly retained earnings declined from Dec. 2023 (A$-26.36 Mil) to Jun. 2024 (A$-28.91 Mil) and declined from Jun. 2024 (A$-28.91 Mil) to Dec. 2024 (A$-31.60 Mil).

Premier1 Lithium's annual retained earnings declined from Jun. 2022 (A$-11.90 Mil) to Jun. 2023 (A$-20.28 Mil) and declined from Jun. 2023 (A$-20.28 Mil) to Jun. 2024 (A$-28.91 Mil).

Premier1 Lithium Retained Earnings Historical Data

The historical data trend for Premier1 Lithium'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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Premier1 Lithium Retained Earnings Chart

Premier1 Lithium Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Retained Earnings

-8.19

-11.90

-20.28

-28.91

Premier1 Lithium Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Retained Earnings	Get a 7-Day Free Trial			-15.59	-20.28	-26.36	-28.91	-31.60

Premier1 Lithium 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.

Premier1 Lithium (ASX:PLC) 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.

Premier1 Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Premier1 Lithium Ltd (ASX:PLC) » Definitions » Retained Earnings

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Address

22 Mount Street, Level 2, Perth, WA, AUS, 6000

Website

https://www.premier1lithium.com.au

Premier1 Lithium Ltd is an lithium exploration company. The Group undertook technology R&D and mineral exploration of gold, nickel, lithium and other base metals in Australia during the period. The company has two operating segments: Exploration and evaluation and Corporate. Its project includes Abbotts North project in Western Australia, The Yalgoo and Yalgoo West project and Montague Project. Maximum revenue is gained through Exploration and Evaluation segment.