BMEX Gold (TSXV:BMEX) Retained Earnings : C$-4.75 Mil (As of Feb. 2024)

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What is BMEX Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. BMEX Gold's retained earnings for the quarter that ended in Feb. 2024 was C$-4.75 Mil.

BMEX Gold's quarterly retained earnings declined from Aug. 2023 (C$-4.58 Mil) to Nov. 2023 (C$-4.66 Mil) and declined from Nov. 2023 (C$-4.66 Mil) to Feb. 2024 (C$-4.75 Mil).

BMEX Gold's annual retained earnings declined from Aug. 2021 (C$-4.06 Mil) to Aug. 2022 (C$-4.47 Mil) and declined from Aug. 2022 (C$-4.47 Mil) to Aug. 2023 (C$-4.58 Mil).

BMEX Gold Retained Earnings Historical Data

The historical data trend for BMEX 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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BMEX Gold Retained Earnings Chart

BMEX Gold Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Retained Earnings

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-0.69

-1.84

-4.06

-4.47

-4.58

BMEX Gold Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Retained Earnings	Get a 7-Day Free Trial															-4.47	-4.54	-4.58	-4.66	-4.75

BMEX 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.

BMEX Gold (TSXV:BMEX) 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.

BMEX Gold (TSXV:BMEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » BMEX Gold Inc (TSXV:BMEX) » Definitions » Retained Earnings

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MRIRF:USA 8M0:Germany

Address

1177 W Hastings Street, Suite 2700, Vancouver, BC, CAN, V6E 2K3

Website

https://www.bmexgold.com

BMEX Gold Inc is a junior Canadian mining exploration company with the objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdictions of Quebec, Canada. It is fully focused on earning interest in its two projects, both located in the prolific Abitibi greenstone belt namely King Tut Gold Property, and Dunlop Bay Gold Property. It is engaged in the exploration and evaluation of mineral properties in Canada.

Executives

Robert Marc Bustin

Director

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