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Forsys Metals (Forsys Metals) Retained Earnings : $-135.73 Mil (As of Dec. 2023)


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What is Forsys Metals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Forsys Metals's retained earnings for the quarter that ended in Dec. 2023 was $-135.73 Mil.

Forsys Metals's quarterly retained earnings increased from Jun. 2023 ($-137.67 Mil) to Sep. 2023 ($-137.22 Mil) and increased from Sep. 2023 ($-137.22 Mil) to Dec. 2023 ($-135.73 Mil).

Forsys Metals's annual retained earnings increased from Dec. 2021 ($-144.00 Mil) to Dec. 2022 ($-134.24 Mil) but then declined from Dec. 2022 ($-134.24 Mil) to Dec. 2023 ($-135.73 Mil).


Forsys Metals Retained Earnings Historical Data

The historical data trend for Forsys Metals'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.

Forsys Metals Retained Earnings Chart

Forsys Metals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -136.45 -140.88 -144.00 -134.24 -135.73

Forsys Metals Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -134.24 -133.56 -137.67 -137.22 -135.73

Forsys Metals 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.


Forsys Metals  (OTCPK:FOSYF) 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.


Forsys Metals (Forsys Metals) Business Description

Traded in Other Exchanges
Address
20 Adelaide Street East, Suite 200, Toronto, ON, CAN, M5C 2T6
Forsys Metals Corp is involved in the business of exploring, acquiring and developing mineral properties. The group has determined that it has one operating segment, the acquisition, exploration, and development of uranium and gold mineral properties. Its principal focus is on bringing its wholly-owned Norasa Uranium Project into production. Norasa project is the consolidation of the Valencia and Namibplaas Uranium projects.

Forsys Metals (Forsys Metals) Headlines

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