GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Atlantic Resources Corp (TSXV:GR) » Definitions » Retained Earnings

Great Atlantic Resources (TSXV:GR) Retained Earnings : C$-29.06 Mil (As of Nov. 2023)


View and export this data going back to 1997. Start your Free Trial

What is Great Atlantic Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Great Atlantic Resources's retained earnings for the quarter that ended in Nov. 2023 was C$-29.06 Mil.

Great Atlantic Resources's quarterly retained earnings declined from May. 2023 (C$-27.73 Mil) to Aug. 2023 (C$-28.59 Mil) and declined from Aug. 2023 (C$-28.59 Mil) to Nov. 2023 (C$-29.06 Mil).

Great Atlantic Resources's annual retained earnings declined from Feb. 2021 (C$-20.31 Mil) to Feb. 2022 (C$-24.06 Mil) and declined from Feb. 2022 (C$-24.06 Mil) to Feb. 2023 (C$-27.14 Mil).


Great Atlantic Resources Retained Earnings Historical Data

The historical data trend for Great Atlantic 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.

Great Atlantic Resources Retained Earnings Chart

Great Atlantic Resources Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -16.56 -18.08 -20.31 -24.06 -27.14

Great Atlantic Resources Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 -26.47 -27.14 -27.73 -28.59 -29.06

Great Atlantic 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.


Great Atlantic Resources  (TSXV:GR) 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.


Great Atlantic Resources (TSXV:GR) Business Description

Traded in Other Exchanges
Address
888 Dunsmuir Street, Suite 888, Vancouver, BC, CAN, V6C 3K4
Great Atlantic Resources Corp is engaged in the acquisition, exploration, and evaluation of its mineral property interests located in Atlantic Canada. Principally, the company explores for gold, zinc, tungsten, and antimony. It is focused on the development of various project properties including Golden Promise gold, Pilley's Island, and South Quarry properties located in Newfoundland. The company's New Brunswick project properties comprise kagoot brook, keymet, Macdougall road, and Porcupine.
Executives
Christopher Ross Anderson 10% Security Holder, Director

Great Atlantic Resources (TSXV:GR) Headlines

No Headlines