Soma Gold (TSXV:SOMA) Retained Earnings : C$-56.00 Mil (As of Dec. 2023)

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What is Soma Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Soma Gold's retained earnings for the quarter that ended in Dec. 2023 was C$-56.00 Mil.

Soma Gold's quarterly retained earnings increased from Jun. 2023 (C$-53.96 Mil) to Sep. 2023 (C$-50.74 Mil) but then declined from Sep. 2023 (C$-50.74 Mil) to Dec. 2023 (C$-56.00 Mil).

Soma Gold's annual retained earnings increased from Dec. 2021 (C$-59.06 Mil) to Dec. 2022 (C$-58.80 Mil) and increased from Dec. 2022 (C$-58.80 Mil) to Dec. 2023 (C$-56.00 Mil).

Soma Gold Retained Earnings Historical Data

The historical data trend for Soma 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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Soma Gold Retained Earnings Chart

Soma Gold Annual Data

Trend

Aug14

Aug15

Sep16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-64.56

-57.84

-59.06

-58.80

-56.00

Soma Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-58.80	-57.59	-53.96	-50.74	-56.00

Soma 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.

Soma Gold (TSXV:SOMA) 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.

Soma Gold (TSXV:SOMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Soma Gold Corp (TSXV:SOMA) » Definitions » Retained Earnings

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SMAGF:USA 8PR1:Germany

Address

1050 West Pender Street, Suite 970, Vancouver, BC, CAN, V6E 3S7

Website

https://www.somagoldcorp.com

Soma Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. It operates El Bagre Gold Mining Complex. The El Bagre operations consist of a gold processing plant, the La Ye and Los Mangos operating underground gold mines, and the Cordero mine development project. The Company produces dore which contains both gold and silver. The dore is further processed to produce refined metals.

Executives

Jean-francois Meilleur

Senior Officer

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