Hannan Metals (TSXV:HAN) Retained Earnings : C$-18.89 Mil (As of Aug. 2024)

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What is Hannan Metals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Hannan Metals's retained earnings for the quarter that ended in Aug. 2024 was C$-18.89 Mil.

Hannan Metals's quarterly retained earnings declined from Feb. 2024 (C$-18.53 Mil) to May. 2024 (C$-18.64 Mil) and declined from May. 2024 (C$-18.64 Mil) to Aug. 2024 (C$-18.89 Mil).

Hannan Metals's annual retained earnings declined from May. 2022 (C$-11.23 Mil) to May. 2023 (C$-12.93 Mil) and declined from May. 2023 (C$-12.93 Mil) to May. 2024 (C$-18.64 Mil).

Hannan Metals Retained Earnings Historical Data

The historical data trend for Hannan Metals'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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Hannan Metals Retained Earnings Chart

Hannan Metals Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Retained Earnings

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-8.75

-10.34

-11.23

-12.93

-18.64

Hannan Metals Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Retained Earnings	Get a 7-Day Free Trial															-13.96	-14.21	-18.53	-18.64	-18.89

Hannan Metals 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.

Hannan Metals (TSXV:HAN) 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.

Hannan Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hannan Metals Ltd (TSXV:HAN) » Definitions » Retained Earnings

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HANNF:USA C8MQ:Germany

Address

1090 West Georgia Street, Suite 1305, Vancouver, BC, CAN, V6E 3V7

Website

https://www.hannanmetals.com

Hannan Metals Ltd is a Canada-based junior mineral exploration company engaged in the acquisition and exploration of mineral properties. Its project portfolio includes the Valiente Copper Gold Project and the San Martin JV Project in Peru. It also holds certain core licenses for the Clare Project in Ireland. The company operates in one reportable segment, the exploration and evaluation of unproven exploration and evaluation assets. Geographically, it operates in Canada, Ireland, and Peru.

Executives

Harvey Lim	Director
Georgina Margaret Carnegie	Director
Nick Demare	Director
David Alan Henstridge	Director

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