Piche Resources (ASX:PR2) Retained Earnings : A$-2.81 Mil (As of Dec. 2023)

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What is Piche Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Piche Resources's retained earnings for the quarter that ended in Dec. 2023 was A$-2.81 Mil.

Piche Resources's quarterly retained earnings stayed the same from . 20 (A$0.00 Mil) to Jun. 2023 (A$0.00 Mil) but then declined from Jun. 2023 (A$0.00 Mil) to Dec. 2023 (A$-2.81 Mil).

Piche Resources Retained Earnings Historical Data

The historical data trend for Piche Resources'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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Piche Resources Retained Earnings Chart

Piche Resources Annual Data

Trend

Jun23

Jun24

Retained Earnings

-4.28

Piche Resources Semi-Annual Data
	Jun23	Dec23	Jun24
Retained Earnings	-	-2.81	-4.28

Piche Resources 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.

Piche Resources (ASX:PR2) 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.

Piche Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Piche Resources Ltd (ASX:PR2) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

225 St Georges Terrace, Level 4, Perth, WA, AUS, 6000

Website

https://www.piche.com.au

Piche Resources Ltd is a mineral exploration company, focusing on exploration for uranium, as well as other precious and base metals, specifically, gold, silver, copper, lead, zinc and rare earth elements (REEs) in Western Australia and Argentina. The company owns a suite of seven granted exploration licences in Western Australia, covering four projects - Ashburton, GascoyneMinindi, Abydos and Beasley Creek. In Argentina the company owns 10 granted mining concessions and 18 applications for mining concessions covering two projects - Sierra Cuadrada and Cerro Chacon.

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