Pershimex Resources (TSXV:PRO) Retained Earnings : C$-6.66 Mil (As of Nov. 2022)

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What is Pershimex Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Pershimex Resources's retained earnings for the quarter that ended in Nov. 2022 was C$-6.66 Mil.

Pershimex Resources's quarterly retained earnings declined from May. 2022 (C$-6.24 Mil) to Aug. 2022 (C$-6.36 Mil) and declined from Aug. 2022 (C$-6.36 Mil) to Nov. 2022 (C$-6.66 Mil).

Pershimex Resources's annual retained earnings declined from Feb. 2020 (C$-6.27 Mil) to Feb. 2021 (C$-6.42 Mil) but then increased from Feb. 2021 (C$-6.42 Mil) to Feb. 2022 (C$-6.15 Mil).

Pershimex Resources Retained Earnings Historical Data

The historical data trend for Pershimex 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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Pershimex Resources Retained Earnings Chart

Pershimex Resources Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Retained Earnings

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-5.55

-6.28

-6.27

-6.42

-6.15

Pershimex Resources Quarterly Data
	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22
Retained Earnings	Get a 7-Day Free Trial															-6.71	-6.15	-6.24	-6.36	-6.66

Pershimex 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.

Pershimex Resources (TSXV:PRO) 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.

Pershimex Resources (TSXV:PRO) Business Description

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

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Address

147 avenue Perrault, Val d'Or, QC, CAN, J9P 2G9

Website

https://www.pershimexressources.ca

Pershimex Resources Corp is a Canadian exploration company. It is engaged in the acquisition, assessment, exploration, and development of mineral properties. The projects of the company Malartic project, Belleterre property, Forsan property, Courville property and others. The company operates through a single segment which is the exploration and evaluation of mineral resources.

Executives