Element79 Gold (STU:7YS0) Retained Earnings : €-17.26 Mil (As of Nov. 2024)

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What is Element79 Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Element79 Gold's retained earnings for the quarter that ended in Nov. 2024 was €-17.26 Mil.

Element79 Gold's quarterly retained earnings declined from May. 2024 (€-14.96 Mil) to Aug. 2024 (€-15.72 Mil) and declined from Aug. 2024 (€-15.72 Mil) to Nov. 2024 (€-17.26 Mil).

Element79 Gold's annual retained earnings declined from Aug. 2022 (€-4.28 Mil) to Aug. 2023 (€-13.51 Mil) and declined from Aug. 2023 (€-13.51 Mil) to Aug. 2024 (€-15.72 Mil).

Element79 Gold Retained Earnings Historical Data

The historical data trend for Element79 Gold'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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Element79 Gold Retained Earnings Chart

Element79 Gold Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Aug24

Retained Earnings

-0.01

-0.43

-4.28

-13.51

-15.72

Element79 Gold Quarterly Data
	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													-12.47	-13.29	-14.96	-15.72	-17.26

Element79 Gold 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.

Element79 Gold (STU:7YS0) 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.

Element79 Gold Business Description

Industry

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ELMGF:USA 7YS0:Germany ELEM:Canada

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.element79.gold

Element79 Gold Corp is a North American-based mineral exploration stage company engaged in the acquisition, exploration and development of mineral properties.

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