GFG Resources (TSXV:GFG) Retained Earnings : C$-24.17 Mil (As of Sep. 2024)

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What is GFG Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. GFG Resources's retained earnings for the quarter that ended in Sep. 2024 was C$-24.17 Mil.

GFG Resources's quarterly retained earnings declined from Mar. 2024 (C$-23.92 Mil) to Jun. 2024 (C$-24.18 Mil) but then increased from Jun. 2024 (C$-24.18 Mil) to Sep. 2024 (C$-24.17 Mil).

GFG Resources's annual retained earnings declined from Jun. 2022 (C$-11.09 Mil) to Jun. 2023 (C$-22.94 Mil) and declined from Jun. 2023 (C$-22.94 Mil) to Jun. 2024 (C$-24.18 Mil).

GFG Resources Retained Earnings Historical Data

The historical data trend for GFG 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.

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GFG Resources Retained Earnings Chart

GFG Resources Annual Data

Trend

Feb15

Feb16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Retained Earnings

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-9.84

-10.23

-11.09

-22.94

-24.18

GFG Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															-23.29	-23.49	-23.92	-24.18	-24.17

GFG 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.

GFG Resources (TSXV:GFG) 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.

GFG Resources Business Description

Industry

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

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GFGSF:USA 2GQ:Germany

Address

202-640 Broadway Avenue, Saskatoon, SK, CAN, S7N 1A9

Website

https://www.gfgresources.com

GFG Resources Inc is a precious metals exploration company. Its principal business is to acquire, explore and develop interests in exploration and evaluation assets. The company holds an interest in the Rattlesnake Hills Gold Property which is located southwest of Casper in Central Wyoming, U.S., and Montclerg, Pen Gold and Dore Gold Projects located in Ontario, Canada.

Executives

Anders Carlson	Senior Officer
Arnold Klassen	Director
Brian Neville Skanderbeg	Senior Officer
Marc Joseph Andrew Lepage	Senior Officer
Rick Johnson	Senior Officer
Brian Booth	Director
Jonathan Charles Timothy Awde	Director

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