Fairchild Gold (TSXV:FAIR) Retained Earnings : C$-2.05 Mil (As of May. 2024)

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What is Fairchild Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Fairchild Gold's retained earnings for the quarter that ended in May. 2024 was C$-2.05 Mil.

Fairchild Gold's quarterly retained earnings declined from Nov. 2023 (C$-1.89 Mil) to Feb. 2024 (C$-1.96 Mil) and declined from Feb. 2024 (C$-1.96 Mil) to May. 2024 (C$-2.05 Mil).

Fairchild Gold's annual retained earnings declined from Aug. 2021 (C$-0.55 Mil) to Aug. 2022 (C$-1.25 Mil) and declined from Aug. 2022 (C$-1.25 Mil) to Aug. 2023 (C$-1.84 Mil).

Fairchild Gold Retained Earnings Historical Data

The historical data trend for Fairchild 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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Fairchild Gold Retained Earnings Chart

Fairchild Gold Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Retained Earnings

-0.20

-0.55

-1.25

-1.84

Fairchild Gold Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Retained Earnings	Get a 7-Day Free Trial												-1.67	-1.84	-1.89	-1.96	-2.05

Fairchild 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.

Fairchild Gold (TSXV:FAIR) 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.

Fairchild Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fairchild Gold Corp (TSXV:FAIR) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

789 West, Pender Street, Suite 1010, Vancouver, BC, CAN, V6C 1H2

Website

https://www.fairchildgold.com

Fairchild Gold Corp is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada ,specifically gold, in North America. The Fairchild Lake Property located in the Patricia Mining Division, north-western Ontario consists of 25 single-cell and multi-cell claims. The Property lies in the western arm of the Savant Lake greenstone belt.

Executives

Victor Cantore

Director

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