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MYRUF (Myriad Uranium) Retained Earnings : $-7.72 Mil (As of Oct. 2024)


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What is Myriad Uranium Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Myriad Uranium's retained earnings for the quarter that ended in Oct. 2024 was $-7.72 Mil.

Myriad Uranium's quarterly retained earnings declined from Apr. 2024 ($-4.34 Mil) to Jul. 2024 ($-4.83 Mil) and declined from Jul. 2024 ($-4.83 Mil) to Oct. 2024 ($-7.72 Mil).

Myriad Uranium's annual retained earnings declined from Apr. 2022 ($-0.59 Mil) to Apr. 2023 ($-1.67 Mil) and declined from Apr. 2023 ($-1.67 Mil) to Apr. 2024 ($-4.34 Mil).

Myriad Uranium Retained Earnings Historical Data

The historical data trend for Myriad Uranium'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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Myriad Uranium Retained Earnings Chart

Myriad Uranium Annual Data
Trend Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Retained Earnings
Get a 7-Day Free Trial -0.10 -0.34 -0.59 -1.67 -4.34

Myriad Uranium Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 -2.50 -2.88 -4.34 -4.83 -7.72

Myriad Uranium 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.

Myriad Uranium  (OTCPK:MYRUF) 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.

Myriad Uranium Business Description

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Traded in Other Exchanges
C3Q:Germany M:Canada
Address
1090 West Georgia Street, Suite 600, Vancouver, BC, CAN, V6E 3V7
Website
https://www.myriaduranium.com
Myriad Uranium Corp is a mineral exploration company. The company operates in one operating segment, which is the exploration and evaluation of mineral properties. The company is in the business of mineral exploration. The business of mining and exploring for minerals involves a high degree of risk and there can be no assurance that the Company will obtain the necessary financing to complete the exploration and development of mineral property interests.