Galleon Gold (TSXV:GGO) Retained Earnings : C$-59.88 Mil (As of Feb. 2024)

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What is Galleon Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Galleon Gold's retained earnings for the quarter that ended in Feb. 2024 was C$-59.88 Mil.

Galleon Gold's quarterly retained earnings increased from Aug. 2023 (C$-60.92 Mil) to Nov. 2023 (C$-58.92 Mil) but then declined from Nov. 2023 (C$-58.92 Mil) to Feb. 2024 (C$-59.88 Mil).

Galleon Gold's annual retained earnings increased from Nov. 2021 (C$-63.85 Mil) to Nov. 2022 (C$-62.57 Mil) and increased from Nov. 2022 (C$-62.57 Mil) to Nov. 2023 (C$-58.92 Mil).

Galleon Gold Retained Earnings Historical Data

The historical data trend for Galleon 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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Galleon Gold Retained Earnings Chart

Galleon Gold Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Retained Earnings

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-56.74

-63.48

-63.85

-62.57

-58.92

Galleon 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															-61.20	-59.79	-60.92	-58.92	-59.88

Galleon 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.

Galleon Gold (TSXV:GGO) 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.

Galleon Gold (TSXV:GGO) Business Description

Industry

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PNCKF:USA 3H90:Germany

Address

161 Bay Street, 27th Floor, Suite 2700, PO Box 508, TD Canada Trust Tower, Toronto, ON, CAN, M5J 2S1

Website

https://www.galleongold.com

Galleon Gold Corp is principally engaged in the business of acquiring, exploring, and developing mineral properties in Canada and the United States, those containing gold, silver, platinum group elements (PGEs), copper, nickel, and associated base and precious metals. Its projects include West Cache Gold, Ontario, Neal, Idaho, USA, Chester, New Brunswick, and Other properties in Canada. Its properties are located in two geographical areas, Canada, and the United States of America, and the majority of the revenue comes from Canada.

Executives

Chris Dupont

Director, Senior Officer

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