Rex Resources (TSXV:OWN) Retained Earnings : C$-1.57 Mil (As of Jun. 2024)

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What is Rex Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Rex Resources's retained earnings for the quarter that ended in Jun. 2024 was C$-1.57 Mil.

Rex Resources's quarterly retained earnings declined from Dec. 2023 (C$-1.37 Mil) to Mar. 2024 (C$-1.43 Mil) and declined from Mar. 2024 (C$-1.43 Mil) to Jun. 2024 (C$-1.57 Mil).

Rex Resources's annual retained earnings declined from Sep. 2021 (C$-0.29 Mil) to Sep. 2022 (C$-0.54 Mil) and declined from Sep. 2022 (C$-0.54 Mil) to Sep. 2023 (C$-1.33 Mil).

Rex Resources Retained Earnings Historical Data

The historical data trend for Rex Resources'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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Rex Resources Retained Earnings Chart

Rex Resources Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Retained Earnings

-0.03

-0.29

-0.54

-1.33

Rex Resources Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Retained Earnings	Get a 7-Day Free Trial										-0.67	-1.33	-1.37	-1.43	-1.57

Rex Resources 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.

Rex Resources (TSXV:OWN) 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.

Rex Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rex Resources Corp (TSXV:OWN) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

505 Burrard Street, Suite 1570, Vancouver, BC, CAN, V7X 1M5

Website

https://www.rexresourcescorp.com/

Rex Resources Corp is a natural resource company engaged in the mineral exploration activities in British Columbia, Canada. The Company operates in one business segment being the exploration and development of resource properties.

Executives

Anthony Zelen

Director

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