Ten Sixty Four (ASX:X64) Retained Earnings : A$153.3 Mil (As of Dec. 2022)

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What is Ten Sixty Four Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Ten Sixty Four's retained earnings for the quarter that ended in Dec. 2022 was A$153.3 Mil.

Ten Sixty Four's quarterly retained earnings declined from Dec. 2021 (A$132.7 Mil) to Jun. 2022 (A$117.9 Mil) but then increased from Jun. 2022 (A$117.9 Mil) to Dec. 2022 (A$153.3 Mil).

Ten Sixty Four's annual retained earnings increased from Jun. 2020 (A$71.5 Mil) to Jun. 2021 (A$108.2 Mil) and increased from Jun. 2021 (A$108.2 Mil) to Jun. 2022 (A$117.9 Mil).

Ten Sixty Four Retained Earnings Historical Data

The historical data trend for Ten Sixty Four'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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Ten Sixty Four Retained Earnings Chart

Ten Sixty Four Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Retained Earnings

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-28.51

20.25

71.53

108.21

117.85

Ten Sixty Four Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Retained Earnings	Get a 7-Day Free Trial															111.31	108.21	132.70	117.85	153.34

Ten Sixty Four 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.

Ten Sixty Four (ASX:X64) 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.

Ten Sixty Four (ASX:X64) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ten Sixty Four Ltd (ASX:X64) » Definitions » Retained Earnings

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MDSMF:USA

Address

1209 Hay Street, Suite 3, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.x64.gold

Ten Sixty Four Ltd is an Australian based gold producer company. It is engaged in the mineral exploration, evaluation, development, and production of properties. The company's segments include Mining, Exploration, and Other. The Mining segment generates all of its revenues. Its projects include the Co-O mine, Philippines exploration, and Queensland projects. It derives revenue from the sale of gold and silver. Its geographical segments include Australia, the Philippines, and Hong Kong, of which all of the revenues are generated from Hong Kong.

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