US Goldmining (FRA:Q0G) Retained Earnings : €-15.94 Mil (As of Jun. 2024)

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What is US Goldmining Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. US Goldmining's retained earnings for the quarter that ended in Jun. 2024 was €-15.94 Mil.

US Goldmining's quarterly retained earnings declined from Nov. 2023 (€-13.38 Mil) to Mar. 2024 (€-14.42 Mil) and declined from Mar. 2024 (€-14.42 Mil) to Jun. 2024 (€-15.94 Mil).

US Goldmining's annual retained earnings declined from Nov. 2020 (€-2.27 Mil) to Nov. 2021 (€-2.96 Mil) and declined from Nov. 2021 (€-2.96 Mil) to Nov. 2022 (€-5.02 Mil).

US Goldmining Retained Earnings Historical Data

The historical data trend for US Goldmining'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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US Goldmining Retained Earnings Chart

US Goldmining Annual Data

Trend

Nov20

Nov21

Nov22

Retained Earnings

-2.27

-2.96

-5.02

US Goldmining Quarterly Data
	Nov20	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Mar24	Jun24
Retained Earnings	Get a 7-Day Free Trial							-7.64	-9.85	-13.38	-14.42	-15.94

US Goldmining 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.

US Goldmining (FRA:Q0G) 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.

US Goldmining Business Description

Industry

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USGO:USA Q0G:Germany

Address

1030 West Georgia Street, Suite 1830, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.us.goldmining.com

US Goldmining Inc is a mineral exploration and development company. It is a focused on the exploration and development of a project located in Alaska, USA. The company's sole property is Whistler Project which is a gold-copper exploration project located in the Yentna Mining District, approximately 150 km northwest of Anchorage, Alaska.

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