Key Mining (Key Mining) Retained Earnings : $-9.21 Mil (As of Dec. 2023)

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What is Key Mining Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Key Mining's retained earnings for the quarter that ended in Dec. 2023 was $-9.21 Mil.

Key Mining's quarterly retained earnings declined from Jun. 2023 ($-6.62 Mil) to Sep. 2023 ($-8.22 Mil) and declined from Sep. 2023 ($-8.22 Mil) to Dec. 2023 ($-9.21 Mil).

Key Mining's annual retained earnings declined from Dec. 2021 ($-1.61 Mil) to Dec. 2022 ($-4.30 Mil) and declined from Dec. 2022 ($-4.30 Mil) to Dec. 2023 ($-9.21 Mil).

Key Mining Retained Earnings Historical Data

The historical data trend for Key Mining'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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Key Mining Retained Earnings Chart

Key Mining Annual Data

Trend

Dec21

Dec22

Dec23

Retained Earnings

-1.61

-4.30

-9.21

Key Mining Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial			-	-4.30	-6.62	-8.22	-9.21

Key Mining 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.

Key Mining (AMEX:KMCM) 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.

Key Mining (Key Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Key Mining Corp (AMEX:KMCM) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

701 Brickell Avenue, Suite 1550, Miami, FL, USA, 33131

Website

https://www.keyminingcorp.com

Key Mining Corp is an exploration-stage mining company focused on the development of two projects, both of which are located in the Atacama Region of the Republic of Chile. Its Cerro Blanco project is focused on exploring rutile from which high-grade titanium dioxide (TiO2) can be processed. Its Fiel Rosita project is focused on exploring copper, and to a lesser extent, zinc.

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