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BYRRF (Bayridge Resources) Retained Earnings : $-3.40 Mil (As of Sep. 2024)


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What is Bayridge Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Bayridge Resources's retained earnings for the quarter that ended in Sep. 2024 was $-3.40 Mil.

Bayridge Resources's quarterly retained earnings declined from Mar. 2024 ($-0.51 Mil) to Jun. 2024 ($-2.84 Mil) and declined from Jun. 2024 ($-2.84 Mil) to Sep. 2024 ($-3.40 Mil).

Bayridge Resources's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2022 ($-0.04 Mil) but then declined from Dec. 2022 ($-0.04 Mil) to Dec. 2023 ($-0.36 Mil).


Bayridge Resources Retained Earnings Historical Data

The historical data trend for Bayridge 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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Bayridge Resources Retained Earnings Chart

Bayridge Resources Annual Data
Trend Dec22 Dec23
Retained Earnings
-0.04 -0.36

Bayridge Resources Quarterly Data
Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Retained Earnings Get a 7-Day Free Trial -0.24 -0.36 -0.51 -2.84 -3.40

Bayridge 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.


Bayridge Resources  (OTCPK:BYRRF) 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.


Bayridge Resources Business Description

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Address
1480-885 West Georgia Street, Vancouver, BC, CAN, V6C 3E3
Bayridge Resources Corp is currently engaged in the business of exploration of mineral properties in Canada. The Company's objective is to explore and, if warranted, develop the Property. Its property includes the Sharpe Lake Property which is in the exploration stage.

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