DRDGold (DRDGold) Retained Earnings : $4.6 Mil (As of Jun. 2023)

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What is DRDGold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. DRDGold's retained earnings for the quarter that ended in Jun. 2023 was $4.6 Mil.

DRDGold's quarterly retained earnings increased from Jun. 2021 ($-96.1 Mil) to Jun. 2022 ($-46.4 Mil) and increased from Jun. 2022 ($-46.4 Mil) to Jun. 2023 ($4.6 Mil).

DRDGold's annual retained earnings increased from Jun. 2021 ($-96.1 Mil) to Jun. 2022 ($-46.4 Mil) and increased from Jun. 2022 ($-46.4 Mil) to Jun. 2023 ($4.6 Mil).

DRDGold Retained Earnings Historical Data

The historical data trend for DRDGold'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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DRDGold Retained Earnings Chart

DRDGold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Retained Earnings

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-194.57

-123.60

-96.13

-46.38

4.60

DRDGold Semi-Annual Data
	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
Retained Earnings	Get a 7-Day Free Trial															-194.57	-123.60	-96.13	-46.38	4.60

DRDGold 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.

DRDGold (NYSE:DRD) 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.

DRDGold (DRDGold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » DRDGold Ltd (NYSE:DRD) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

DRD:South Africa DRDGF:USA 0ICU:UK DUB1:Germany

Address

Cnr 14th Avenue and Hendrik Potgieter Road, Constantia Office Park, Cycad House, Building 17, Ground Floor, Weltevreden Park, ZAF, 1709

Website

https://www.drdgold.com

DRDGold Ltd is a South African gold mining company engaged in surface gold tailings retreatment including exploration, extraction, processing, and smelting. It has two operating segments: the Ergo which is a surface gold retreatment operation that treats old slime dams and sand dumps to the south of Johannesburg's central the business district as well as the East and Central Rand goldfields; and the FWGR which is a surface gold retreatment operation and treats old slime dams in the West Rand goldfields. The Ergo segment derives a vast majority of the revenue.

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