MXF (Mexico Fund) Retained Earnings : $-22.54 Mil (As of Oct. 2024)

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What is Mexico Fund Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Mexico Fund's retained earnings for the quarter that ended in Oct. 2024 was $-22.54 Mil.

Mexico Fund's quarterly retained earnings increased from Oct. 2023 ($-3.70 Mil) to Apr. 2024 ($50.65 Mil) but then declined from Apr. 2024 ($50.65 Mil) to Oct. 2024 ($-22.54 Mil).

Mexico Fund's annual retained earnings increased from Oct. 2022 ($-23.82 Mil) to Oct. 2023 ($-3.70 Mil) but then declined from Oct. 2023 ($-3.70 Mil) to Oct. 2024 ($-22.54 Mil).

Mexico Fund Retained Earnings Historical Data

The historical data trend for Mexico Fund'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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Mexico Fund Retained Earnings Chart

Mexico Fund Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Retained Earnings

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-101.13

-28.49

-23.82

-3.70

-22.54

Mexico Fund Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
Retained Earnings	Get a 7-Day Free Trial										-23.82	29.40	-3.70	50.65	-22.54

Mexico Fund 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.

Mexico Fund (NYSE:MXF) 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.

Mexico Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mexico Fund Inc (NYSE:MXF) » Definitions » Retained Earnings

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Address

6700 Alexander Bell Drive, Suite 200, Columbia, MD, USA, 21046

Website

https://www.themexicofund.com

Mexico Fund Inc is a United States-based non-diversified, closed-end management investment company. Its investment objective is to seek long-term capital appreciation. The fund seeks to achieve its objective through investment in securities, primary in equity, listed on the Mexican Stock Exchange. The company's portfolio of investments consists of investments in different sectors such as auto parts, airports, building materials, chemical products, consumer products, energy, food, and other sectors. The fund provides a vehicle to investors who wish to invest in Mexican companies through a managed non-diversified portfolio as part of their overall investment program.

Executives

Impulsora Del Fondo Mexico Sa De Cv	other: Investment Adviser	77 ARISTOTELES, POLANCO MEXICO DF O5 11560
Alberto Osorio	officer: Sr VP, Treasurer and CFO	C/O MEXICO FUND, 1775 I STREET NW, WASHINGTON DC 20006
Claudia Janez	director	BOSQUE DE ZAPOTES 12, BOSQUES DE LAS LOMAS, CIUDAD DE MEXICO O5 11700
Tofi Dayan	officer: Treasurer	77 ARISTOTELES STREET, 3RD FLOOR, POLANO O5 11560
Alberto Gomez Pimienta	officer: Operations Vice President	THE MEXICO FUND, INC., 1775 I STREET, NW, WASHINGTON DC 20006
Jorge Alamillo	officer: Chief Compliance Officer	77 ARISTOTELES STREET, 3RD FLOOR, POLANCO MEXICO DF O5 11560
Edward P Djerejian	director	2027 SUNSET BOULEVARD, HOUSTON TX 77005
Jonathan Davis Arzac	director	MONTE PELVOUX 220 PISO 6, LOMAS DE CHAPULTEPEC O5 11000
Marc J Shapiro	director	J.P. MORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Robert L Knauss	director	5151 SAN FELIPE, SUITE 1661, HOUSTON TX 77056
Emilio Carrillo Gamboa	director	C/O DECHERT,1775 EYE STREET NW, 1775 EYE STREET NW, WASHINGTON DC 20006
Eugenio Clariond	director	VASCONCELOS 220 OTE., COL. RESIDENCIAL SAN AGUSTIN, SAN PEDRO GARZA GARCIA, N.L. O5 66260
Gomez Pimienta Jose Luis	director	77 ARISTOTELES, 3RD FLOOR, POLANCO D.F. O5 11560
Puche Jaime Serra	director	C/O DECHERT,1775 EYE STREET NW, 1775 EYE STREET NW, WASHINGTON DC 20006
Jose Luis Gomez Pimienta	director