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

Toubani Resources (ASX:TRE) Retained Earnings : A$-112.12 Mil (As of Jun. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Toubani Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Toubani Resources's retained earnings for the quarter that ended in Jun. 2024 was A$-112.12 Mil.

Toubani Resources's quarterly retained earnings increased from Jun. 2023 (A$-117.55 Mil) to Dec. 2023 (A$-108.58 Mil) but then declined from Dec. 2023 (A$-108.58 Mil) to Jun. 2024 (A$-112.12 Mil).

Toubani Resources's annual retained earnings increased from . 20 (A$0.00 Mil) to Dec. 2022 (A$-110.63 Mil) and increased from Dec. 2022 (A$-110.63 Mil) to Dec. 2023 (A$-108.58 Mil).


Toubani Resources Retained Earnings Historical Data

The historical data trend for Toubani 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.

* Premium members only.

Toubani Resources Retained Earnings Chart

Toubani Resources Annual Data
Trend Dec22 Dec23
Retained Earnings
-110.63 -108.58

Toubani Resources Semi-Annual Data
Dec22 Jun23 Dec23 Jun24
Retained Earnings -110.63 -117.55 -108.58 -112.12

Toubani 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.


Toubani Resources  (ASX:TRE) 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.


Toubani Resources Business Description

Traded in Other Exchanges
Address
1202 Hay Street, Suite 1600, Toronto, WA, AUS, 6005
Toubani Resources Ltd is a Canada-based gold exploration and development company. Its segment consists of the acquisition, exploration, and development of precious and base metal mineral resources properties located in Western Africa. The company's portfolio includes the Kobada gold project which is a stage gold development project located in Mali.

Toubani Resources Headlines

No Headlines