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Altona Rare Earths (LSE:REE) Retained Earnings : £-25.10 Mil (As of Jun. 2024)


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What is Altona Rare Earths Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Altona Rare Earths's retained earnings for the quarter that ended in Jun. 2024 was £-25.10 Mil.

Altona Rare Earths's quarterly retained earnings declined from Jun. 2023 (£-23.36 Mil) to Dec. 2023 (£-24.02 Mil) and declined from Dec. 2023 (£-24.02 Mil) to Jun. 2024 (£-25.10 Mil).

Altona Rare Earths's annual retained earnings declined from Jun. 2022 (£-22.14 Mil) to Jun. 2023 (£-23.36 Mil) and declined from Jun. 2023 (£-23.36 Mil) to Jun. 2024 (£-25.10 Mil).


Altona Rare Earths Retained Earnings Historical Data

The historical data trend for Altona Rare Earths'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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Altona Rare Earths Retained Earnings Chart

Altona Rare Earths Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -22.63 -21.37 -22.14 -23.36 -25.10

Altona Rare Earths Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Jun19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 -22.14 -22.51 -23.36 -24.02 -25.10

Altona Rare Earths 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.


Altona Rare Earths  (LSE:REE) 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.


Altona Rare Earths Business Description

Traded in Other Exchanges
N/A
Address
Eccleston Yards, 25 Eccleston Place, London, GBR, SW1W 9NF
Altona Rare Earths PLC is engaged in discovering and exploration. The operating segments of the company includes Corporate and Administrative-including activities of raising finance and seeking new investment and exploration opportunities, all based in the UK; and Mineral Exploration that is all based in Northwest Mozambique. Rare Earth Elements (REE) are mainly used to produce permanent magnets used in wind turbines and in electric vehicles drive trains and as such are essential Critical Raw Materials for the Green Energy Transition. It generates maximum revenue from Corporate and Administrative Segment.