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MMX Mineracao E Metalicos (MMX Mineracao E Metalicos) Retained Earnings : $-139.85 Mil (As of Mar. 2021)


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What is MMX Mineracao E Metalicos Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. MMX Mineracao E Metalicos's retained earnings for the quarter that ended in Mar. 2021 was $-139.85 Mil.

MMX Mineracao E Metalicos's quarterly retained earnings declined from Sep. 2020 ($-144.29 Mil) to Dec. 2020 ($-147.40 Mil) but then increased from Dec. 2020 ($-147.40 Mil) to Mar. 2021 ($-139.85 Mil).

MMX Mineracao E Metalicos's annual retained earnings declined from Dec. 2018 ($-143.44 Mil) to Dec. 2019 ($-165.05 Mil) but then increased from Dec. 2019 ($-165.05 Mil) to Dec. 2020 ($-147.40 Mil).


MMX Mineracao E Metalicos Retained Earnings Historical Data

The historical data trend for MMX Mineracao E Metalicos'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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MMX Mineracao E Metalicos Retained Earnings Chart

MMX Mineracao E Metalicos Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,727.39 -1,766.85 -143.44 -165.05 -147.40

MMX Mineracao E Metalicos Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
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 -152.70 -147.49 -144.29 -147.40 -139.85

MMX Mineracao E Metalicos 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.


MMX Mineracao E Metalicos  (GREY:MMXXF) 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.


MMX Mineracao E Metalicos (MMX Mineracao E Metalicos) Business Description

Traded in Other Exchanges
N/A
Address
Rua Lauro Muller, 116 sala 1808, Botafogo Rio de Janeiro, Rio de Janeiro, RJ, BRA, 22290-160
MMX Mineracao E Metalicos SA (MMX) is a Brazil-based company engaged in iron ore mining. The company has installed capacity to produce about 7 million metric tons of iron ore per year in its two systems, namely The Southeast System and the Corumba System. The Southeast System is formed by the Serra Azul and Bom Sucesso Units. It exploits the Tico-Tico and Ipe mines, located in the Serra Azul Region-in the iron mining area of Minas Gerais State. The company has also acquired the mining rights for the Pau de Vinho Mine. The iron ore produced by the Serra Azul Unit is sold to customers in Brazil and other countries.

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