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Critical Mineral Resources (LSE:CMRS) Retained Earnings : £-6.84 Mil (As of Jun. 2024)


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What is Critical Mineral Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Critical Mineral Resources's retained earnings for the quarter that ended in Jun. 2024 was £-6.84 Mil.

Critical Mineral Resources's quarterly retained earnings increased from Jun. 2023 (£-7.30 Mil) to Dec. 2023 (£-6.57 Mil) but then declined from Dec. 2023 (£-6.57 Mil) to Jun. 2024 (£-6.84 Mil).

Critical Mineral Resources's annual retained earnings declined from Dec. 2021 (£-1.51 Mil) to Dec. 2022 (£-6.86 Mil) but then increased from Dec. 2022 (£-6.86 Mil) to Dec. 2023 (£-6.57 Mil).


Critical Mineral Resources Retained Earnings Historical Data

The historical data trend for Critical Mineral Resources'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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Critical Mineral Resources Retained Earnings Chart

Critical Mineral Resources Annual Data
Trend Nov18 Nov19 Dec21 Dec22 Dec23 Dec24
Retained Earnings
Get a 7-Day Free Trial -0.58 -1.51 -6.86 -6.57 -7.47

Critical Mineral Resources Semi-Annual Data
Nov18 May19 Nov19 May20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.86 -7.30 -6.57 -6.84 -7.47

Critical Mineral Resources 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.


Critical Mineral Resources  (LSE:CMRS) 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.


Critical Mineral Resources Business Description

Traded in Other Exchanges
N/A
Address
25 Eccleston Place, Eccleston Yards, London, GBR, SW1W 9NF
Critical Mineral Resources PLC is engaged in exploration for, and development of mineral resources, including in Morocco, and the identification of future acquisition targets in the same industry. Its current focus is on copper-gold opportunities. Some of its projects are Morocco and Anzar Copper.

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