Luca Mining (TSXV:LUCA) Retained Earnings : C$-96.5 Mil (As of Sep. 2024)

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What is Luca Mining Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Luca Mining's retained earnings for the quarter that ended in Sep. 2024 was C$-96.5 Mil.

Luca Mining's quarterly retained earnings declined from Mar. 2024 (C$-83.9 Mil) to Jun. 2024 (C$-94.2 Mil) and declined from Jun. 2024 (C$-94.2 Mil) to Sep. 2024 (C$-96.5 Mil).

Luca Mining's annual retained earnings declined from Dec. 2021 (C$-64.7 Mil) to Dec. 2022 (C$-76.2 Mil) and declined from Dec. 2022 (C$-76.2 Mil) to Dec. 2023 (C$-92.1 Mil).

Luca Mining Retained Earnings Historical Data

The historical data trend for Luca Mining'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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Luca Mining Retained Earnings Chart

Luca Mining Annual Data

Trend

Feb14

Feb15

Feb16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-89.85

-101.21

-64.74

-76.17

-92.12

Luca Mining Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															-86.95	-92.12	-83.93	-94.19	-96.50

Luca Mining 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.

Luca Mining (TSXV:LUCA) 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.

Luca Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Luca Mining Corp (TSXV:LUCA) » Definitions » Retained Earnings

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LUCMF:USA Z68:Germany Z68:Germany

Address

1111 Melville Street, Suite 1000, Vancouver, BC, CAN, V6E 3V6

Website

https://www.lucamining.com

Luca Mining Corp is a Canadian-based mining company engages s the production of base metals and the acquisition, exploration and development of resource properties in Mexico. Luca Mining is currently in commercial production at its 100% owned Campo Morado Mine, processing approximately 2,000 tons per day through the mine milling facilities producing zinc and copper concentrates with gold, silver, and lead as by-products. In addition, Luca owns a 100% interest in the Tahuehueto Project.

Executives

Lp Calu Opportunity Fund	10% Security Holder
Paul Dunstan Gray	Senior Officer
Daniel Barnholden	Senior Officer
Christopher Richings	Senior Officer
Ramon Perez	Senior Officer

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