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Full Metal Minerals (Full Metal Minerals) Retained Earnings : $-53.56 Mil (As of Feb. 2024)


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What is Full Metal Minerals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Full Metal Minerals's retained earnings for the quarter that ended in Feb. 2024 was $-53.56 Mil.

Full Metal Minerals's quarterly retained earnings increased from Aug. 2023 ($-53.47 Mil) to Nov. 2023 ($-52.66 Mil) but then declined from Nov. 2023 ($-52.66 Mil) to Feb. 2024 ($-53.56 Mil).

Full Metal Minerals's annual retained earnings increased from May. 2021 ($-58.44 Mil) to May. 2022 ($-55.60 Mil) and increased from May. 2022 ($-55.60 Mil) to May. 2023 ($-53.24 Mil).


Full Metal Minerals Retained Earnings Historical Data

The historical data trend for Full Metal Minerals'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.

Full Metal Minerals Retained Earnings Chart

Full Metal Minerals Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -51.26 -49.68 -58.44 -55.60 -53.24

Full Metal Minerals Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -53.40 -53.24 -53.47 -52.66 -53.56

Full Metal Minerals 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.


Full Metal Minerals  (OTCPK:FLMTF) 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.


Full Metal Minerals (Full Metal Minerals) Business Description

Traded in Other Exchanges
Address
409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2
Full Metal Minerals Ltd is a Canada-based mineral exploration company. The company is engaged in the acquisition, exploration, and development of resource properties. The firm operates in one segment which is mineral property acquisition and exploration, while all assets are located in Canada.

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