CMRZF (Commerce Resources) Retained Earnings : $-48.71 Mil (As of Jul. 2024)

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What is Commerce Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Commerce Resources's retained earnings for the quarter that ended in Jul. 2024 was $-48.71 Mil.

Commerce Resources's quarterly retained earnings increased from Jan. 2024 ($-28.42 Mil) to Apr. 2024 ($-28.16 Mil) but then declined from Apr. 2024 ($-28.16 Mil) to Jul. 2024 ($-48.71 Mil).

Commerce Resources's annual retained earnings increased from Oct. 2021 ($-28.52 Mil) to Oct. 2022 ($-26.43 Mil) but then declined from Oct. 2022 ($-26.43 Mil) to Oct. 2023 ($-27.63 Mil).

Commerce Resources Retained Earnings Historical Data

The historical data trend for Commerce 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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Commerce Resources Retained Earnings Chart

Commerce Resources Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Retained Earnings

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-25.92

-26.49

-28.52

-26.43

-27.63

Commerce Resources Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Retained Earnings	Get a 7-Day Free Trial															-28.09	-27.63	-28.42	-28.16	-48.71

Commerce 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.

Commerce Resources (OTCPK:CMRZF) 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.

Commerce Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Commerce Resources Corp (OTCPK:CMRZF) » Definitions » Retained Earnings

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D7H0:Germany CCE:Canada

Address

789 West Pender, Suite 1450, Vancouver, BC, CAN, V6C 1H2

Website

https://www.commerceresources.com

Commerce Resources Corp is a junior mineral resource company focused on developing the Ashram Rare Earth and Fluorspar Deposit located within their Eldor Property in northern Quebec, Canada. The Ashram Deposit is characterized by simple rare earth (monazite, bastnaesite, xenotime) and gangue (carbonates) mineralogy, a large tonnage resource at favorable grade, and has demonstrated the production of high-grade mineral concentrates at high recovery. The Ashram Deposit also has a fluorspar component which could be a long-term supplier to the met-spar and acid-spar markets. The Company is focused on being a long-term supplier of mixed rare earth carbonate and/or NdPr oxide to the market.