Genesis Minerals (FRA:3G2) Retained Earnings : €-79.7 Mil (As of Jun. 2024)

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What is Genesis Minerals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Genesis Minerals's retained earnings for the quarter that ended in Jun. 2024 was €-79.7 Mil.

Genesis Minerals's quarterly retained earnings increased from Jun. 2023 (€-132.1 Mil) to Dec. 2023 (€-121.1 Mil) and increased from Dec. 2023 (€-121.1 Mil) to Jun. 2024 (€-79.7 Mil).

Genesis Minerals's annual retained earnings declined from Jun. 2022 (€-67.5 Mil) to Jun. 2023 (€-132.1 Mil) but then increased from Jun. 2023 (€-132.1 Mil) to Jun. 2024 (€-79.7 Mil).

Genesis Minerals Retained Earnings Historical Data

The historical data trend for Genesis 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.

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Genesis Minerals Retained Earnings Chart

Genesis Minerals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Retained Earnings

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-26.49

-34.98

-67.46

-132.10

-79.73

Genesis Minerals Quarterly Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Retained Earnings	Get a 7-Day Free Trial															-67.46	-87.61	-132.10	-121.06	-79.73

Genesis 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.

Genesis Minerals (FRA:3G2) 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.

Genesis Minerals Business Description

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GSISF:USA GMD:Australia

Address

Level 7, 40 The Esplanade, Perth, WA, AUS, 6000

Website

https://www.genesisminerals.com.au

Genesis Minerals Ltd is an Australian gold exploration company. The Group's sole activity is mineral production, exploration and development of mineral interests in the Leonora region, wholly within Australia. It owns an interest in Ulysses Gold Project and Barimaia Gold Project. The company generates revenue from the sale of Gold and Silver, with the majority of revenue coming from the sale of Gold.

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