Kalo Gold (TSXV:KALO) Retained Earnings : C$-19.53 Mil (As of May. 2024)

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What is Kalo Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Kalo Gold's retained earnings for the quarter that ended in May. 2024 was C$-19.53 Mil.

Kalo Gold's quarterly retained earnings declined from Nov. 2023 (C$-18.82 Mil) to Feb. 2024 (C$-19.32 Mil) and declined from Feb. 2024 (C$-19.32 Mil) to May. 2024 (C$-19.53 Mil).

Kalo Gold's annual retained earnings declined from Aug. 2021 (C$-12.23 Mil) to Aug. 2022 (C$-14.95 Mil) and declined from Aug. 2022 (C$-14.95 Mil) to Aug. 2023 (C$-18.45 Mil).

Kalo Gold Retained Earnings Historical Data

The historical data trend for Kalo 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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Kalo Gold Retained Earnings Chart

Kalo Gold Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Retained Earnings

-6.36

-12.23

-14.95

-18.45

Kalo Gold Quarterly Data
	Dec19	Aug20	Dec20	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Retained Earnings	Get a 7-Day Free Trial											-17.70	-18.45	-18.82	-19.32	-19.53

Kalo 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.

Kalo Gold (TSXV:KALO) 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.

Kalo Gold Business Description

Industry

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

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Traded in Other Exchanges

KLGDF:USA

Address

1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.kalogoldcorp.com

Kalo Gold Corp is a mineral exploration company focused on the Vatu Aurum gold project on Fiji's north island, Vanua Levu. Geographic revenue is recognized in Canada, Fiji, British Virgin Islands.

Executives

Kevin Ma	Director, Senior Officer
Fred Antonio Tejada	Director, Senior Officer
Alexander Tong	Senior Officer

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