Harvest Minerals (FRA:7HM) Retained Earnings : €-24.39 Mil (As of Jun. 2024)

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What is Harvest Minerals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Harvest Minerals's retained earnings for the quarter that ended in Jun. 2024 was €-24.39 Mil.

Harvest Minerals's quarterly retained earnings declined from Jun. 2023 (€-22.44 Mil) to Dec. 2023 (€-23.18 Mil) and declined from Dec. 2023 (€-23.18 Mil) to Jun. 2024 (€-24.39 Mil).

Harvest Minerals's annual retained earnings declined from Dec. 2021 (€-22.01 Mil) to Dec. 2022 (€-22.03 Mil) and declined from Dec. 2022 (€-22.03 Mil) to Dec. 2023 (€-23.18 Mil).

Harvest Minerals Retained Earnings Historical Data

The historical data trend for Harvest 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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Harvest Minerals Retained Earnings Chart

Harvest Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-16.21

-18.95

-22.01

-22.03

-23.18

Harvest Minerals Semi-Annual Data
	Jun14	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															-23.71	-22.03	-22.44	-23.18	-24.39

Harvest 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.

Harvest Minerals (FRA:7HM) 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.

Harvest Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Harvest Minerals Ltd (FRA:7HM) » Definitions » Retained Earnings

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HMI:UK

Address

22 Lindsay Street, Perth, WA, AUS, 6000

Website

https://www.harvestminerals.net

Harvest Minerals Ltd operates as a mineral exploration company in Brazil. It explores phosphate and potash fertilizers. The Group has some principal fertilizer projects - the Sergipe Potash Project, the Miriri Phosphate Project, Limestone Project, the Arapua Fertilizer Project, and the Mandacaru Phosphate Project. Its revenue arises mainly from the sale of fertilizer. The Group generates revenue in Brazil.

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