Empire Metals (LSE:EEE) Retained Earnings : £-23.21 Mil (As of Jun. 2023)

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What is Empire Metals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Empire Metals's retained earnings for the quarter that ended in Jun. 2023 was £-23.21 Mil.

Empire Metals's quarterly retained earnings declined from Jun. 2022 (£-22.00 Mil) to Dec. 2022 (£-22.36 Mil) and declined from Dec. 2022 (£-22.36 Mil) to Jun. 2023 (£-23.21 Mil).

Empire Metals's annual retained earnings declined from Dec. 2020 (£-20.99 Mil) to Dec. 2021 (£-21.39 Mil) and declined from Dec. 2021 (£-21.39 Mil) to Dec. 2022 (£-22.36 Mil).

Empire Metals Retained Earnings Historical Data

The historical data trend for Empire 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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Empire Metals Retained Earnings Chart

Empire Metals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Retained Earnings

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-19.74

-20.41

-20.99

-21.39

-22.36

Empire Metals Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Retained Earnings	Get a 7-Day Free Trial															-20.30	-21.39	-22.00	-22.36	-23.21

Empire 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.

Empire Metals (LSE:EEE) 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.

Empire Metals (LSE:EEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Empire Metals Ltd (LSE:EEE) » Definitions » Retained Earnings

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EEE.GB:UK NOGN:Germany

Address

Craigmuir Chambers, PO Box 71, Road Town, Tortola, VGB, VG1110

Website

https://www.empiremetals.co.uk

Empire Metals Ltd is an exploration and resource development company with a project portfolio comprising gold interests in Australia and Austria. The company develops a pipeline of projects with its main focus on the high-grade Eclipse and Gindalbie Gold Projects in Western Australia. The company's project portfolio includes the Pitfield Copper-Gold Project and the Walton Copper-Gold Project in Western Australia and the Stavely Copper-Gold Project in the Stavely Arc region of Victoria. It has a high-grade gold exploration portfolio in Austria which includes Rotgulden, Schonberg and Walchen prospects.

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