SSVRF (Summa Silver) Retained Earnings : $-10.15 Mil (As of Nov. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Summa Silver Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Summa Silver's retained earnings for the quarter that ended in Nov. 2024 was $-10.15 Mil.

Summa Silver's quarterly retained earnings declined from May. 2024 ($-9.31 Mil) to Aug. 2024 ($-9.81 Mil) and declined from Aug. 2024 ($-9.81 Mil) to Nov. 2024 ($-10.15 Mil).

Summa Silver's annual retained earnings increased from Aug. 2022 ($-7.95 Mil) to Aug. 2023 ($-7.92 Mil) but then declined from Aug. 2023 ($-7.92 Mil) to Aug. 2024 ($-9.81 Mil).

Summa Silver Retained Earnings Historical Data

The historical data trend for Summa Silver'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.

Summa Silver Retained Earnings Chart

Summa Silver Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Retained Earnings

Get a 7-Day Free Trial

-0.92

-5.28

-7.95

-7.92

-9.81

Summa Silver Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Retained Earnings	Get a 7-Day Free Trial															-8.14	-9.01	-9.31	-9.81	-10.15

Summa Silver 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.

Summa Silver (OTCPK:SSVRF) 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.

Summa Silver Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Summa Silver Corp (OTCPK:SSVRF) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

48X:Germany SSVR:Canada

Address

1030 West Georgia Street, Suite 918, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.summasilver.com

Summa Silver Corp is a Canadian junior mineral exploration company. It owns interests in the Hughes project in central Nevada, and the Mogollon project in southwestern New Mexico, covering a wide range of silver-gold bearing epithermal vein fields. The company has three reportable operating segments, being that of acquisition and exploration and evaluation activities at the Hughes property in Nevada, the Mogollon property in New Mexico, and its corporate headquarters located in Canada.