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Zincx Resources (STU:M9R) Retained Earnings : €-64.97 Mil (As of Mar. 2024)


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What is Zincx Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Zincx Resources's retained earnings for the quarter that ended in Mar. 2024 was €-64.97 Mil.

Zincx Resources's quarterly retained earnings increased from Sep. 2023 (€-65.99 Mil) to Dec. 2023 (€-65.23 Mil) and increased from Dec. 2023 (€-65.23 Mil) to Mar. 2024 (€-64.97 Mil).

Zincx Resources's annual retained earnings declined from Jun. 2021 (€-28.58 Mil) to Jun. 2022 (€-69.66 Mil) but then increased from Jun. 2022 (€-69.66 Mil) to Jun. 2023 (€-65.90 Mil).


Zincx Resources Retained Earnings Historical Data

The historical data trend for Zincx 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.

Zincx Resources Retained Earnings Chart

Zincx Resources Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -26.73 -27.09 -28.58 -69.66 -65.90

Zincx Resources Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -29.53 -65.90 -65.99 -65.23 -64.97

Zincx 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.


Zincx Resources  (STU:M9R) 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.


Zincx Resources (STU:M9R) Business Description

Traded in Other Exchanges
Address
1055 West Georgia Street, Suite 2050, PO Box 11121, Royal Centre, Vancouver, BC, CAN, V6E 3P3
Zincx Resources Corp is a mineral exploration company. The firm is engaged in the exploration and evaluation of resource properties in Canada. Its properties include Akie Property and Kechika Regional project in British Columbia. The company operates within Canada.

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