Sail Mining Group (JSE:SGP) Retained Earnings: R-404 Mil (As of Aug. 2021)

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What is Sail Mining Group Retained Earnings?

Sail Mining Group JSE:SGP Retained Earnings is R-404 Mil as of Aug. 2021.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Sail Mining Group's retained earnings for the quarter that ended in Aug. 2021 was R-404 Mil.

Sail Mining Group's quarterly retained earnings declined from Aug. 2020 (R-194 Mil) to Feb. 2021 (R-228 Mil) and declined from Feb. 2021 (R-228 Mil) to Aug. 2021 (R-404 Mil).

Sail Mining Group's annual retained earnings declined from Feb. 2019 (R-95 Mil) to Feb. 2020 (R-130 Mil) and declined from Feb. 2020 (R-130 Mil) to Feb. 2021 (R-228 Mil).

Sail Mining Group  (JSE:SGP) 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.

Sail Mining Group Retained Earnings Historical Data

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The historical data trend for Sail Mining Group'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.

Sail Mining Group Retained Earnings Chart

Sail Mining Group Annual Data
Trend Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.72 -49.61 -94.68 -130.04 -227.75

Sail Mining Group Semi-Annual Data
Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -111.35 -130.04 -193.95 -227.75 -403.94

Sail Mining Group 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.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of R-404 Mil mean?
Sail Mining Group (JSE:SGP) has a Retained Earnings of R-404 Mil as of Aug. 2021. Retained earnings is the amount of net income not issued to shareholders. View historical data on Sail Mining Group and its competitors.
Is Sail Mining Group's Retained Earnings too high?
Sail Mining Group's current Retained Earnings is R-404 Mil.
How does Sail Mining Group's Retained Earnings compare to BHPBF?
Sail Mining Group's Retained Earnings of R-404 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Metals & Mining company?
A good Retained Earnings depends on the Metals & Mining industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Sail Mining Group and its competitors. Sail Mining Group's current Retained Earnings is R-404 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sail Mining Group stock overvalued right now?
Sail Mining Group (JSE:SGP) has a current Retained Earnings of R-404 Mil. The current Retained Earnings is R-404 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Sail Mining Group (JSE:SGP), the current Retained Earnings is R-404 Mil as of Aug. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sail Mining Group Business Description

Address 4 Peltier Drive, Unit 25 Sunninghill Office Park, Johannesburg, GT, ZAF, 2054
Sail Mining Group Ltd Formerly Chrometco Ltd is a mineral exploration company. It has chrome and mining operations in the North-West Province of South Africa. In addition, Chrometco focuses on the investigation of other chrome and base metal properties for exploration purposes and on researching and investigating business development opportunities. The group holds interest in mining, concentrating and beneficiating various metals and their ores, in particular chrome, platinum, copper, cobalt, nickel and manganese.