GGX Gold (FRA:3SR2) Retained Earnings : €-9.06 Mil (As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

What is GGX Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. GGX Gold's retained earnings for the quarter that ended in Dec. 2023 was €-9.06 Mil.

GGX Gold's quarterly retained earnings increased from Jun. 2023 (€-9.24 Mil) to Sep. 2023 (€-9.19 Mil) and increased from Sep. 2023 (€-9.19 Mil) to Dec. 2023 (€-9.06 Mil).

GGX Gold's annual retained earnings declined from Jun. 2021 (€-7.86 Mil) to Jun. 2022 (€-9.44 Mil) but then increased from Jun. 2022 (€-9.44 Mil) to Jun. 2023 (€-9.24 Mil).

GGX Gold Retained Earnings Historical Data

The historical data trend for GGX Gold'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.

GGX Gold Retained Earnings Chart

GGX Gold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Retained Earnings

Get a 7-Day Free Trial

-6.61

-7.27

-7.86

-9.44

-9.24

GGX Gold 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															-8.98	-8.97	-9.24	-9.19	-9.06

GGX Gold 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.

GGX Gold (FRA:3SR2) 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.

GGX Gold (FRA:3SR2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GGX Gold Corp (FRA:3SR2) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

GGXXF:USA 3SR:Germany GGX:Canada

Address

888 Dunsmuir Street, Suite 888, Vancouver, BC, CAN, V6C 3K4

Website

https://www.ggxgold.com

GGX Gold Corp is a Canada-based company. It is involved in the industrial metals and minerals business sector. The activities of the company consist of the acquisition, exploration, and development of mineral properties. The company has one project known as Gold Drop. It explores for gold, Tellurium, and silver properties.

GGX Gold (FRA:3SR2) Headlines

No Headlines