K2 Gold (TSXV:KTO) Retained Earnings : C$-21.43 Mil (As of Dec. 2023)

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What is K2 Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. K2 Gold's retained earnings for the quarter that ended in Dec. 2023 was C$-21.43 Mil.

K2 Gold's quarterly retained earnings declined from Mar. 2023 (C$-20.68 Mil) to Sep. 2023 (C$-21.20 Mil) and declined from Sep. 2023 (C$-21.20 Mil) to Dec. 2023 (C$-21.43 Mil).

K2 Gold's annual retained earnings declined from Dec. 2021 (C$-19.12 Mil) to Dec. 2022 (C$-20.36 Mil) and declined from Dec. 2022 (C$-20.36 Mil) to Dec. 2023 (C$-21.43 Mil).

K2 Gold Retained Earnings Historical Data

The historical data trend for K2 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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K2 Gold Retained Earnings Chart

K2 Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-15.57

-17.30

-19.12

-20.36

-21.43

K2 Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-20.10	-20.36	-20.68	-21.20	-21.43

K2 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.

K2 Gold (TSXV:KTO) 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.

K2 Gold (TSXV:KTO) Business Description

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KTGDF:USA

Address

800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6

Website

https://www.k2gold.com

K2 Gold Corp is a well-financed gold exploration company with projects in SW USA and the Yukon. The company is focused on the Mojave property in California, a 5,830-hectare oxide gold project with base metal targets. The location of Mojave enables the company to have year-round news flow on multiple previously recognized surface gold targets. Besides affording immediate drill targets based on the company's soil data integrated with LiDAR and Worldview3 data, the property also has undrilled locations with gold-enriched historical trench results including one at the Flores zone which recorded 8.4 g/t gold over 25.6m. The company has exploration plans for the Si2 and Wels projects, located in Nevada, the USA, and the Yukon Territory, Canada.

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