CleanTech Lithium (LSE:CTL) Retained Earnings : £-14.31 Mil (As of Jun. 2024)

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What is CleanTech Lithium Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. CleanTech Lithium's retained earnings for the quarter that ended in Jun. 2024 was £-14.31 Mil.

CleanTech Lithium's quarterly retained earnings declined from Jun. 2023 (£-8.84 Mil) to Dec. 2023 (£-11.45 Mil) and declined from Dec. 2023 (£-11.45 Mil) to Jun. 2024 (£-14.31 Mil).

CleanTech Lithium's annual retained earnings declined from Dec. 2021 (£-1.76 Mil) to Dec. 2022 (£-5.56 Mil) and declined from Dec. 2022 (£-5.56 Mil) to Dec. 2023 (£-11.45 Mil).

CleanTech Lithium Retained Earnings Historical Data

The historical data trend for CleanTech Lithium'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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CleanTech Lithium Retained Earnings Chart

CleanTech Lithium Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Retained Earnings

-0.56

-1.76

-5.56

-11.45

CleanTech Lithium Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Retained Earnings	Get a 7-Day Free Trial			-3.29	-5.56	-8.84	-11.45	-14.31

CleanTech Lithium 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.

CleanTech Lithium (LSE:CTL) 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.

CleanTech Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CleanTech Lithium PLC (LSE:CTL) » Definitions » Retained Earnings

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CTLHD:USA T2N0:Germany

Address

7 Castle Street, De Carteret House, Saint Helier, JEY, JE2 3BT

Website

https://www.ctlithium.com

CleanTech Lithium PLC is an exploration and development company advancing sustainable lithium projects in Chile for the clean energy transition. Committed to net-zero, CleanTech Lithium's mission is to produce material quantities of sustainable battery grade lithium products using Direct Lithium Extraction technology powered by renewable energy. It has two key lithium projects in Chile, Laguna Verde and Viento Andino, and hold licences in Llamara and Salar de Atacama, located in the lithium triangle, a centre for battery grade lithium production. The two projects: Laguna Verde and Viento Andino are situated within basins. All four projects have direct access to existing infrastructure and renewable power.

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