NBTRF (Nobel Resources) Retained Earnings : $-14.70 Mil (As of Jun. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Nobel Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Nobel Resources's retained earnings for the quarter that ended in Jun. 2024 was $-14.70 Mil.

Nobel Resources's quarterly retained earnings declined from Dec. 2023 ($-14.62 Mil) to Mar. 2024 ($-14.70 Mil) but then increased from Mar. 2024 ($-14.70 Mil) to Jun. 2024 ($-14.70 Mil).

Nobel Resources's annual retained earnings declined from Dec. 2021 ($-12.60 Mil) to Dec. 2022 ($-14.34 Mil) and declined from Dec. 2022 ($-14.34 Mil) to Dec. 2023 ($-14.62 Mil).

Nobel Resources Retained Earnings Historical Data

The historical data trend for Nobel Resources'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.

* Premium members only.

Nobel Resources Retained Earnings Chart

Nobel Resources Annual Data

Trend

Sep19

Sep20

Dec21

Dec22

Dec23

Retained Earnings

-2.66

-2.69

-12.60

-14.34

-14.62

Nobel Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Retained Earnings	Get a 7-Day Free Trial															-15.11	-15.14	-14.62	-14.70	-14.70

Nobel Resources 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.

Nobel Resources (OTCPK:NBTRF) 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.

Nobel Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nobel Resources Corp (OTCPK:NBTRF) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

7Z0:Germany NBLC:Canada

Address

36 Lombard Street, Floor 4, Toronto, ON, CAN, M5C 2X3

Website

https://www.nobel-resources.com

Nobel Resources Corp is a mineral exploration and development company. It holds interests in the La Salvadora Property, Chile and Algarrobo Project, located in the coastal IOCG (Iron, Oxide, Copper, Gold) belt in northern Chile. Geographically, the company operates in Chile and Canada.

Nobel Resources Headlines

From GuruFocus

Nobel Announces Change to Board of Directors

By GlobeNewswire GlobeNewswire • 04-14-2023

Nobel Engages Generation IACP Inc. For Market Making Services

By GlobeNewswire GlobeNewswire • 03-22-2022