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Outcrop Silver & Gold (TSXV:OCG) Retained Earnings : C$-91.81 Mil (As of May. 2024)


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What is Outcrop Silver & Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Outcrop Silver & Gold's retained earnings for the quarter that ended in May. 2024 was C$-91.81 Mil.

Outcrop Silver & Gold's quarterly retained earnings declined from Nov. 2023 (C$-87.46 Mil) to Feb. 2024 (C$-89.74 Mil) and declined from Feb. 2024 (C$-89.74 Mil) to May. 2024 (C$-91.81 Mil).

Outcrop Silver & Gold's annual retained earnings declined from Aug. 2021 (C$-64.02 Mil) to Aug. 2022 (C$-75.42 Mil) and declined from Aug. 2022 (C$-75.42 Mil) to Aug. 2023 (C$-84.86 Mil).


Outcrop Silver & Gold Retained Earnings Historical Data

The historical data trend for Outcrop Silver & 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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Outcrop Silver & Gold Retained Earnings Chart

Outcrop Silver & Gold Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -46.14 -51.17 -64.02 -75.42 -84.86

Outcrop Silver & Gold Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
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 -82.51 -84.86 -87.46 -89.74 -91.81

Outcrop Silver & 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.


Outcrop Silver & Gold  (TSXV:OCG) 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.


Outcrop Silver & Gold Business Description

Traded in Other Exchanges
Address
1111 West Hastings Street, Suite 905, Vancouver, BC, CAN, V6E 2J3
Outcrop Silver & Gold Corp is engaged in the identification, acquisition, exploration, and development of mineral properties in Colombia and is therefore considered to be in the exploration stage. The company is engaged into projects such as OJECTS, Santa Ana, Mallama, Oribella and Argelia.
Executives
Ian Slater Director
Kevin Nishi Director
Jay Sujir Director