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NESRF (Northern Star Resources) Retained Earnings : $1,577 Mil (As of Jun. 2024)


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What is Northern Star Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Northern Star Resources's retained earnings for the quarter that ended in Jun. 2024 was $1,577 Mil.

Northern Star Resources's quarterly retained earnings increased from Jun. 2023 ($1,401 Mil) to Dec. 2023 ($1,411 Mil) and increased from Dec. 2023 ($1,411 Mil) to Jun. 2024 ($1,577 Mil).

Northern Star Resources's annual retained earnings increased from Jun. 2022 ($1,217 Mil) to Jun. 2023 ($1,401 Mil) and increased from Jun. 2023 ($1,401 Mil) to Jun. 2024 ($1,577 Mil).


Northern Star Resources Retained Earnings Historical Data

The historical data trend for Northern Star 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.

Northern Star Resources Retained Earnings Chart

Northern Star Resources Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 556.57 1,168.58 1,216.59 1,401.34 1,577.42

Northern Star Resources Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 1,216.59 1,131.65 1,401.34 1,410.98 1,577.42

Northern Star 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.


Northern Star Resources  (OTCPK:NESRF) 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.


Northern Star Resources Business Description

Traded in Other Exchanges
Address
500 Hay Street, Level 4, Subiaco, Perth, WA, AUS, 6008
Northern Star is an Australia-based midtier global gold miner that sold around 1.6 million ounces of gold in fiscal 2024 from its three wholly owned mining operations in Australia and Alaska. Its current operations are the result of significant merger and acquisition activity including 13 acquisitions and four asset sales since 2010. Northern Star had roughly a decade of reserves at the end of fiscal 2024.

Northern Star Resources Headlines