GSTMF (Goldstorm Metals) Retained Earnings : $-2.04 Mil (As of Sep. 2024)

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What is Goldstorm Metals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Goldstorm Metals's retained earnings for the quarter that ended in Sep. 2024 was $-2.04 Mil.

Goldstorm Metals's quarterly retained earnings declined from Mar. 2024 ($-1.89 Mil) to Jun. 2024 ($-1.97 Mil) and declined from Jun. 2024 ($-1.97 Mil) to Sep. 2024 ($-2.04 Mil).

Goldstorm Metals's annual retained earnings declined from Mar. 2022 ($-0.00 Mil) to Mar. 2023 ($-1.37 Mil) and declined from Mar. 2023 ($-1.37 Mil) to Mar. 2024 ($-1.89 Mil).

Goldstorm Metals Retained Earnings Historical Data

The historical data trend for Goldstorm 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.

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Goldstorm Metals Retained Earnings Chart

Goldstorm Metals Annual Data

Trend

Mar22

Mar23

Mar24

Retained Earnings

-1.37

-1.89

Goldstorm Metals Quarterly Data
	Sep21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial					-1.56	-1.64	-1.89	-1.97	-2.04

Goldstorm 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.

Goldstorm Metals (OTCPK:GSTMF) 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.

Goldstorm Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldstorm Metals Corp (OTCPK:GSTMF) » Definitions » Retained Earnings

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Traded in Other Exchanges

B2U:Germany GSTM:Canada

Address

999 West Hastings Street, Suite 789, Vancouver, BC, CAN, V6C 2W2

Website

https://www.goldstormmetals.com

Goldstorm Metals Corp is a precious and base metals exploration company with a strategic land position in the Golden Triangle of British Columbia, an area that hosts some of the gold deposits in the world. Goldstorm's flagship projects, Crown and Electrum, cover an area that totals approximately 16,469 hectares over 6 concessions, of which 5 are contiguous. The Crown Project is situated directly south of Seabridge Gold's KSM gold-copper deposits and Newmont Corporation Inc.'s Brucejack/Valley of the Kings gold mine. Electrum, also located in the Golden Triangle of BC, is situated directly between Newmont Corporation's Brucejack Mine, approximately 20 kilometers to the north, and the past producing Silbak Premier mine, 20 kilometers to the south.

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