LSMG (Lode-Star Mining) Retained Earnings : $-4.36 Mil (As of Sep. 2024)

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What is Lode-Star Mining Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Lode-Star Mining's retained earnings for the quarter that ended in Sep. 2024 was $-4.36 Mil.

Lode-Star Mining's quarterly retained earnings declined from Mar. 2024 ($-4.34 Mil) to Jun. 2024 ($-4.35 Mil) and declined from Jun. 2024 ($-4.35 Mil) to Sep. 2024 ($-4.36 Mil).

Lode-Star Mining's annual retained earnings declined from Dec. 2021 ($-4.05 Mil) to Dec. 2022 ($-4.26 Mil) and declined from Dec. 2022 ($-4.26 Mil) to Dec. 2023 ($-4.33 Mil).

Lode-Star Mining Retained Earnings Historical Data

The historical data trend for Lode-Star 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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Lode-Star Mining Retained Earnings Chart

Lode-Star Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-3.00

-3.50

-4.05

-4.26

-4.33

Lode-Star Mining Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															-4.30	-4.33	-4.34	-4.35	-4.36

Lode-Star 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.

Lode-Star Mining (OTCPK:LSMG) 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.

Lode-Star Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Lode-Star Mining Inc (OTCPK:LSMG) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 East Liberty Street, Suite 600, Reno, NV, USA, 89501

Website

http://lodestarmining.com

Lode-Star Mining Inc has no current business project and no cash generating operations. Management is actively seeking business opportunities.

Executives

Sapir Pharmaceuticals Inc.	other: Acquisition	9 SHENANDOAH DRIVE, LAKEWOOD NJ 08701
Thomas Temkin	director, officer: Chief Operating Officer	3487 TILLAMOOK CT, RENO NV 89509
Mark Walmesley	director, officer: CFO and Treasurer	906 - 150 24TH STREET, WEST VANCOUVER A1 V7V 4G8
Lonnie Kwa-humphries	10 percent owner	17213 BENDING OAK CT., CYPRESS TX 77429
Robert M Baker	director, 10 percent owner, officer: PRES/CEO/CFO/Secretary	600-666 BURRARD STREET, VANCOUVER A1 V6C3P6
West Peak Ventures Of Canada Ltd	10 percent owner	885 PYRFORD ROAD, WEST VANCOUVER A1 V7S A2A