Sky Metals (ASX:SKY) Retained Earnings : A$-66.28 Mil (As of Dec. 2024)

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What is Sky Metals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Sky Metals's retained earnings for the quarter that ended in Dec. 2024 was A$-66.28 Mil.

Sky Metals's quarterly retained earnings declined from Dec. 2023 (A$-64.56 Mil) to Jun. 2024 (A$-65.44 Mil) and declined from Jun. 2024 (A$-65.44 Mil) to Dec. 2024 (A$-66.28 Mil).

Sky Metals's annual retained earnings declined from Jun. 2022 (A$-54.99 Mil) to Jun. 2023 (A$-63.37 Mil) and declined from Jun. 2023 (A$-63.37 Mil) to Jun. 2024 (A$-65.44 Mil).

Sky Metals Retained Earnings Historical Data

The historical data trend for Sky 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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Sky Metals Retained Earnings Chart

Sky Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Jun21

Jun22

Jun23

Jun24

Retained Earnings

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-51.32

-54.43

-54.99

-63.37

-65.44

Sky Metals Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Retained Earnings	Get a 7-Day Free Trial															-55.34	-63.37	-64.56	-65.44	-66.28

Sky 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.

Sky Metals (ASX:SKY) 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.

Sky Metals Business Description

Industry

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

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Address

2 Hawthorn Place, P.O. Box 8620, Orange, NSW, AUS, 2800

Website

https://www.skymetals.com.au

Sky Metals Ltd is identifying and evaluating mineral exploration for tin, copper, and gold in New South Wales. The company's projects include the Tallebung Tin Project in central-western NSW. Tallebung is an open-pit, technology-enabled, near-term development project. Its other projects include the Caledonian Project, Iron Duke Copper-Gold Project, Doradilla Project, Narriah Project, Kangiara Project, and Cullarin Project.